According to the provincial Department of Statistics, Nam Dinh’s Index of Industrial Production (IIP) rose by 34.51% year-on-year in May 2025 and climbed 4.55% compared to April. Cumulatively for the first five months, the IIP surged by 29.16% year-on-year, reflecting a strong and stable industrial rebound in the locality.

Compared to the previous month, the mining sector registered the highest growth at 90.68%, followed by manufacturing at 4.43%; electricity, gas, steam, and air conditioning supply at 15.01%; and water supply, waste and wastewater treatment at 5.50%.

Double-Digit Industrial Growth Continues in Nam Dinh

The manufacturing and processing sector, the main driver of provincial industry, recorded a 29.56% increase, contributing 28.86 percentage points to overall industrial growth. Electricity and gas supply rose 7.08%, adding 0.17 points; water supply and waste treatment expanded 17.81%, contributing 0.26 points. In contrast, the mining industry contracted by 34.66%, subtracting 0.13 percentage points from overall growth.

Several level-two industrial sectors experienced significant growth over the five-month period: motor vehicle manufacturing rose by 40.26%; metal production increased 19.73%; paper and paper product manufacturing climbed 19.49%; food processing rose 17.12%; textiles expanded 16.58%; garment manufacturing increased 9.61%; and furniture production grew 9.11%.

Conversely, some industries saw declines, including beverage production (down 38.98%); printing and reproduction of recorded media (down 8.76%); leather and related products (down 2.85%); and machinery repair, maintenance, and installation (down 1.68%).

In May alone, the consumption index of the manufacturing and processing sector increased by 5.09% compared to April. Over five months, the index more than tripled year-on-year, driven by a strong recovery in textile consumption, up more than nine times, along with a 14.71% increase in garment consumption and a more than twofold rise in furniture sales.

According to Nam Dinh’s Statistics Sub-Department, state budget capital managed by local authorities was estimated at VND 785 billion in May 2025, up 40.5% year-on-year.

Of this, provincial-level capital accounted for the bulk at VND 747 billion, up 43.8%; district-level funding reached VND 24 billion, up 11.1%; while commune-level disbursement declined by 21.2% to VND 14 billion.

In the year to date, public investment disbursement reached VND 3.222 trillion, equivalent to 24.6% of the annual plan and up 20.1% compared to the same period last year. Notably, provincial-level investment saw the strongest growth at 22.8%, while commune-level disbursement dropped sharply by 31.0%.

As for foreign direct investment (FDI), as of May 25, 2025, Nam Dinh had approved and adjusted capital for 15 FDI projects, with a total registered capital of USD 237.4 million. This includes nine newly licensed projects worth USD 124.2 million, underscoring the province’s continued efforts to enhance the investment climate and attract foreign capital inflows.