Vietnam’s industrial production continued to show stable growth in July, with the Industrial Production Index (IIP) rising 0.5 percent month-on-month and 8.5 percent year-on-year, according to the latest data from Vietnam’s National Statistics Office→view source.
Cumulative growth over the first seven months of 2025 reached 8.6 percent year-on-year, slightly higher than the same period in 2024.
Key details:
Sector performance (July):
– Processing and manufacturing: +9.3 percent
– Water supply, waste treatment: +9.1 percent
– Electricity production and distribution: +7.0 percent
– Mining: +2.6 percent
Sector performance (Jan–Jul):
– Processing and manufacturing: +10.3 percent, contributing 8.5 points
– Electricity and distribution: +4.6 percent, contributing 0.4 points
– Water supply, waste treatment: +10.4 percent, contributing 0.1 points
– Mining: -2.7 percent, subtracting 0.4 points
Top-performing industries:
– Motor vehicles: +29.9 percent
– Rubber and plastic: +16.9 percent
– Leather products: +15.4 percent
– Garments: +14.5 percent
– Non-metallic minerals: +14.8 percent
– Electronics: +7.9 percent
Declining or weak sectors:
– Crude oil and gas: -8.1 percent
– Pharmaceuticals: -4.9 percent
– Electrical equipment: +3.0 percent
– Beverages: +3.1 percent
Key product growth (Jan–Jul):
– Automobiles: +64.4 percent
– Televisions: +21.1 percent
– NPK fertiliser: +19.7 percent
– Cement: +14.8 percent
– Leather footwear: +13.6 percent
Declining products:
– Natural gas: -12.9 percent
– Synthetic fibre: -5.2 percent
– Crude oil: -3.1 percent
– Mobile phones: -0.4 percent
Employment (July 1):
– Industrial workforce up 1.0 percent MoM, 3.9 percent YoY
– FDI firms: +4.6 percent YoY
– Processing and manufacturing: +4.1 percent YoY
– Mining: +1.6 percent YoY
– Electricity and utilities: -0.5 percent YoY
See also: Manufacturing in Vietnam 2025: Growth, Options & Other Key Considerations