A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam Industrial Production Index gains 10.9 points in June

get connected with an expert
contribute a guest post
send a letter to the editor
submit a press release

Vietnam’s Industrial Production Index recorded a gain of 10.9 points in the twelve months to June of 2024. This is the fourth consecutive month that an increase has been recorded.

The biggest gains were in: services related to printing, rubber and plastic goods manufacturing, and plastic goods manufacturing. Conversely the biggest falls were in: production of batteries and accumulators, natural gas exploitation, and production of toys and games.

Vietnam Industrial Production Index by industry, June 2024

IndustryJanuaryFebruaryMarchAprilMayJuneJune 2024 vs May 2024June 2024 vs June 2023Jan-Jun 2024 vs Jan-Jun 2023
Total56.028.355.558.365.166.20.710.97.7
Extractive-24.7-35.1-20.5-22.1-22.2-24.2-2.6-7.7-5.5
Mining hard coal and lignite40.85.748.143.652.841.4-7.51.30.0
Mining and collecting hard coal40.85.748.143.652.841.4-7.51.30.0
Exploitation of crude oil and natural gas-44.3-48.1-40.7-42.0-43.6-44.3-1.4-15.3-11.7
Crude oil exploitation-49.5-52.9-48.8-51.0-53.1-52.21.9-10.8-6.7
Natural gas exploitation-37.8-42.1-30.4-30.7-31.6-34.4-4.2-19.0-16.0
Mining metal ores-17.8-27.2-6.2-11.1-4.0-7.8-4.01.116.7
Iron ore mining-83.6-85.7-78.7-77.3-78.0-77.81.1-14.9-33.5
Mining other metal ores that do not contain iron7.2-4.921.414.124.218.8-4.32.422.8
Other mining47.18.844.152.252.745.2-4.9-0.82.2
Exploitation of stone, sand, gravel and clay47.18.844.152.252.745.2-4.9-0.82.2
Mining and ore mining support service activities-10.2-15.6-0.2-8.7-16.2-3.814.720.817.4
Service activities supporting crude oil and natural gas exploitation-10.2-15.6-0.2-8.7-16.2-3.814.720.817.4
Manufacturing and processing industry68.136.664.767.675.677.31.012.68.5
Food production and processing21.9-0.720.623.630.836.14.010.46.5
Processing and preserving aquatic products and aquatic products16.0-4.418.719.825.736.08.111.45.3
Processing and preserving fruits and vegetables90.334.973.189.6112.3119.03.114.216.2
Processing milk and dairy products22.59.633.231.437.541.12.613.55.0
Milling and producing raw flour-46.7-50.5-36.0-36.3-28.7-29.2-0.8-0.98.7
Other food production not classified elsewhere44.416.749.649.246.649.72.21.9-0.1
Producing animal feed, poultry and aquatic products23.71.613.617.523.627.73.312.45.5
Beverage production59.827.353.447.856.356.0-0.21.70.5
Producing beer and fermenting malt78.843.061.060.266.462.8-2.2-8.8-3.9
Production of non-alcoholic beverages and mineral water37.89.244.733.544.748.12.419.27.0
Production of tobacco products70.933.273.571.871.566.3-3.10.57.2
Production of tobacco products70.933.273.571.871.566.3-3.10.57.2
Textile45.414.447.544.349.151.81.811.412.6
Yarn making78.740.379.876.282.385.51.813.313.9
Production of woven fabrics-6.5-19.93.4-1.62.33.51.22.210.9
Production of ready-made garments (except costumes)-43.4-60.9-44.5-44.3-44.0-42.52.74.1-0.4
Production of costumes41.39.639.139.044.350.04.07.05.7
Sewing costumes (except costumes made from fur)41.39.639.139.044.350.04.07.05.7
Manufacture of leather and related products68.524.262.766.979.783.21.915.49.1
Producing shoes68.524.262.766.979.783.21.915.49.1
Wood processing and production of products from wood, bamboo (except beds, cabinets, tables, chairs); manufacturing products from straw and plaiting materials2.5-31.83.36.29.810.81.014.812.3
Sawing, sawing, planing wood and preserving wood-0.7-34.43.17.69.18.2-0.813.510.2
Production of plywood, veneer, plywood and other thin boards8.4-26.93.73.411.115.74.117.016.3
Production of paper and paper products48.112.250.451.156.056.20.212.29.8
Production of wrinkled paper, wrinkled cardboard, packaging from paper and cardboard26.6-7.523.121.124.928.73.16.65.6
Production of other products from paper and cardboard not classified elsewhere86.046.998.6104.2110.9104.9-2.819.214.9
Print and copy records of all types109.358.999.097.3108.9112.51.78.411.0
Printing156.198.1139.9150.7161.6166.11.73.77.5
Services related to printing21.0-15.021.9-3.49.711.51.636.529.5
Production of coke and refined petroleum products190.3184.9122.093.4192.1203.74.013.06.7
Production of coke-100.0-100.0-100.0-100.0-100.0-100.0-0.84.08.7
Production of refined petroleum products182.5178.1114.486.0184.6196.34.113.26.6
Production of chemicals and chemical products73.435.331.230.436.539.42.19.718.5
Production of fertilizers and nitrogen compounds3.30.42.110.314.18.3-5.13.914.8
Production of plastic and synthetic rubber in primary forms505.6337.8184.0180.6194.1214.87.00.525.9
Manufacture of paints, varnishes and similar paints and coatings; production of printing ink and mastics-19.4-40.6-22.4-27.6-25.0-21.54.617.514.7
Production of cosmetics, soaps, detergents, polishes and hygiene products42.114.348.743.952.357.53.426.017.4
Manufacture of other unclassified chemical products-7.0-35.0-0.3-4.41.10.8-0.311.39.4
Production of drugs, pharmaceutical chemicals and medicinal materials82.420.850.649.758.465.74.612.310.9
Production of drugs, pharmaceutical chemicals and medicinal materials82.420.850.649.758.465.74.612.310.9
Manufacture of products from rubber and plastic58.412.453.157.567.864.8-1.834.129.0
Manufacture of products from plastic58.412.453.157.567.864.8-1.834.129.0
Manufacture of products from other non-metallic minerals60.826.981.487.478.983.42.55.6-1.7
Production of construction materials from clay-23.1-42.2-15.7-1.43.06.53.49.9-1.4
Producing cement, lime, and plaster114.074.1148.4151.7133.3140.02.86.2-2.1
Production of concrete and products from cement and plaster-4.0-43.0-19.1-19.3-9.5-13.1-4.0-10.12.4
Metal production233.1208.9233.0241.1270.5268.4-0.611.912.6
Producing iron, steel, and cast iron233.1208.9233.0241.1270.5268.4-0.611.912.6
Manufacture of products from prefabricated metal (except machinery and equipment)46.629.668.472.689.587.5-1.118.113.1
Production of metal structures63.759.1119.2122.8153.9146.5-2.915.914.3
Mechanical; Metal treatment and coating85.457.481.894.999.8108.54.316.95.6
Manufacture of other uncategorized metal products13.8-12.48.710.216.516.2-0.224.115.7
Manufacture of electronic products, computers and optical products101.172.7101.2109.5111.7113.50.820.38.6
Production of electronic components284.2211.4230.7302.5270.3236.4-9.223.18.9
Production of communication equipment63.644.571.469.977.986.24.720.68.6
Producing consumer electronic products226.9164.1237.0240.9239.5227.1-3.711.27.8
Manufacture of electrical equipment28.412.038.436.642.130.3-8.3-6.517.8
Manufacture of motors, generators, electrical transformers, electrical distribution and control equipment-14.0-36.6-7.6-8.3-8.0-14.0-6.5-1.11.0
Production of batteries and accumulators67.599.9126.1102.986.426.0-32.4-49.355.6
Manufacture of cables, wires and other electronics17.6-7.013.016.419.318.0-1.120.616.8
Production of household electrical appliances83.248.687.192.0133.4134.40.48.07.0
Production of machinery and equipment has not been classified elsewhere75.522.460.567.465.069.62.84.03.3
Manufacture of pumps, compressors, faucets and other valves43.77.853.551.555.853.5-1.514.210.0
Manufacture of lifting, lowering and loading equipment20.8-25.842.163.920.544.820.20.0-6.8
Manufacture of machinery and office equipment (except computers and computer peripherals)-16.2-36.8-12.9-12.3-4.41.36.02.7-7.9
Manufacture of other common machines12.6-21.555.751.994.475.3-9.88.25.4
Manufacturing machines for the textile, garment and leather industries-12.9-36.75.710.521.723.71.727.511.4
Manufacture of other specialized machines548.5347.5330.0348.3320.8323.50.6-2.110.3
Manufacture of motor vehicles92.537.698.699.8105.899.5-3.1-2.23.2
Manufacture of motor vehicles61.65.071.282.075.572.5-1.7-12.1-5.5
Manufacture of spare parts and accessories for motor vehicles and vehicle engines140.888.5141.6127.6153.0141.7-4.511.914.6
Manufacture of other means of transport6.7-32.00.53.64.63.6-1.010.4-3.0
Manufacture of motorbikes and motorbikes6.7-32.00.53.64.63.6-1.010.4-3.0
Production of beds, cabinets, tables, chairs13.6-31.1-7.0-3.4-15.2-14.70.519.319.8
Production of beds, cabinets, tables, chairs13.6-31.1-7.0-3.4-15.2-14.70.519.319.8
Other processing and manufacturing industries46.55.834.835.939.748.05.90.22.7
Production of toys and games112.433.571.059.565.674.45.3-15.6-1.4
Manufacture of medical, dental, orthopedic and rehabilitation equipment and instruments48.226.934.338.844.049.73.96.57.6
Other production not yet classified20.5-17.421.325.227.236.87.65.61.6
Repair, maintenance and installation of machinery and equipment-21.9-43.1-32.9-23.2-13.2-18.8-6.4-2.6-9.2
Repair of machinery and equipment33.724.119.159.170.553.7-9.9-4.3-14.2
Repair and maintenance of means of transport (except cars, motorbikes, motorbikes and other motor vehicles)-41.4-66.5-53.7-53.0-39.7-43.5-6.3-1.32.2
Installation of machinery and industrial equipment-34.4-58.5-42.4-40.9-34.8-35.8-1.5-1.4-10.2
Production and distribution of electricity, gas, hot water, steam and air conditioning97.967.8112.4121.5132.1132.90.313.713.0
Production and distribution of electricity, gas, hot water, steam and air conditioning97.967.8112.4121.5132.1132.90.313.713.0
Production, transmission and distribution of electricity97.967.8112.4121.5132.1132.90.313.713.0
Water supply; waste and wastewater management and treatment activities56.547.663.169.268.673.83.18.06.3
Water exploitation, treatment and supply53.049.253.064.264.268.02.36.86.3
Water exploitation, treatment and supply53.049.253.064.264.268.02.36.86.3
Drainage and wastewater treatment33.78.421.029.735.943.35.41.84.7
Drainage and wastewater treatment33.78.421.029.735.943.35.41.84.7
Waste collection, treatment and destruction activities; scrap recycling66.653.887.485.582.389.23.810.86.5
Collection of non-hazardous waste46.741.948.855.667.770.51.78.49.5
Scrap recycling115.683.3182.4159.2118.3135.17.715.52.0

 


May 2024

Vietnam’s Industrial Production Index recorded a gain of 8.9 points in the twelve months to May of 2024. By the same metric, services related to printing, mining other metal ores that do not contain iron, and production of batteries and accumulators recorded the biggest increases. Conversely, natural gas exploitation, exploitation of crude oil and natural gas, crude oil exploitation saw the biggest falls.

Vietnam Industrial Production Index by industry, May 2024

IndustryMay 2024 vs April 2024May 2024 vs May 2023Jan-May 2024 vs Jan-May 2023
The whole industry6.18.96.8
Extractive-1.0-9.4-5.2
Mining hard coal and lignite2.0-3.7-1.3
Mining and collecting hard coal2.0-3.7-1.3
Exploitation of crude oil and natural gas-1.7-17.1-11.0
Crude oil exploitation-1.5-13.1-5.6
Natural gas exploitation-2.0-20.3-15.6
Mining metal ores-1.926.918.2
Iron ore mining0.4-11.3-35.9
Mining other metal ores that do not contain iron-2.831.425.3
Other mining3.17.43.3
Exploitation of stone, sand, gravel and clay3.17.43.3
Mining and ore mining support service activities-3.47.717.8
Service activities supporting crude oil and natural gas exploitation-3.47.717.8
Manufacturing and processing industry6.110.67.3
Food production and processing5.56.15.4
Processing and preserving aquatic products and aquatic products9.98.84.7
Processing and preserving fruits and vegetables-0.37.813.7
Processing milk and dairy products5.44.63.1
Milling and producing raw flour2.213.79.2
Other food production not classified elsewhere5.20.40.6
Producing animal feed, poultry and aquatic products5.34.23.9
Beverage production6.94.40.0
Producing beer and fermenting malt3.1-0.7-3.2
Production of non-alcoholic beverages and mineral water11.411.84.7
Production of tobacco products-4.63.88.1
Textile3.57.912.7
Yarn making4.59.313.9
Production of woven fabrics2.22.312.5
Production of ready-made garments (except costumes)0.41.1-1.3
Production of costumes5.69.45.4
Sewing costumes (except costumes made from fur)5.69.45.4
Manufacture of leather and related products9.69.67.3
Producing shoes9.69.67.3
Wood processing and production of products from wood, bamboo (except beds, cabinets, tables, chairs); manufacturing products from straw and plaiting materials2.023.011.4
Sawing, sawing, planing wood and preserving wood0.325.59.2
Production of plywood, veneer, plywood and other thin boards5.118.415.5
Production of paper and paper products-1.66.28.3
Production of wrinkled paper, wrinkled cardboard, packaging from paper and cardboard-0.40.04.6
Production of other products from paper and cardboard not classified elsewhere-3.713.812.7
Print and copy records of all types6.37.210.9
Printing5.73.17.7
Services related to printing7.531.126.8
Production of coke and refined petroleum products97.88.65.2
Production of coke0.01.79.5
Production of refined petroleum products97.78.85.1
Production of chemicals and chemical products4.16.220.1
Production of fertilizers and nitrogen compounds1.82.216.8
Production of plastic and synthetic rubber in primary forms21.50.131.9
Production of paints, varnishes and similar paints and coatings; production of printing ink and mastics2.017.414.0
Production of cosmetics, soaps, detergents, polishes and hygiene products-1.613.614.0
Manufacture of other unclassified chemical products4.18.68.6
Production of drugs, pharmaceutical chemicals and medicinal materials-9.8-2.77.9
Production of drugs, pharmaceutical chemicals and medicinal materials-9.8-2.77.9
Manufacture of products from rubber and plastic7.024.127.4
Manufacture of products from plastic7.024.127.4
Manufacture of products from other non-metallic minerals4.31.0-1.7
Production of construction materials from clay6.50.8-3.5
Producing cement, lime, and plaster4.02.1-1.7
Production of concrete and products from cement and plaster0.6-12.53.2
Metal production27.06.813.2
Producing iron, steel, and cast iron27.06.813.2
Manufacture of products from prefabricated metal (except machinery and equipment)8.016.410.8
Production of metal structures13.814.712.2
Mechanical; Metal treatment and coating5.219.23.4
Manufacture of other uncategorized metal products2.818.513.3
Manufacture of electronic products, computers and optical products-2.417.45.8
Production of electronic components-8.615.48.0
Production of communication equipment-1.918.94.9
Producing consumer electronic products6.113.47.6
Manufacture of electrical equipment4.219.424.0
Manufacture of motors, generators, electrical transformers, electrical distribution and control equipment1.1-10.61.7
Production of batteries and accumulators10.497.1117.6
Manufacture of cables, wires and other electronics4.017.616.2
Production of household electrical appliances3.63.72.4
Production of machinery and equipment has not been classified elsewhere4.312.64.0
Manufacture of pumps, compressors, faucets and other valves1.213.58.7
Manufacture of lifting, lowering and loading equipment-18.05.3-4.4
Manufacture of machinery and office equipment (except computers and computer peripherals)8.021.0-10.1
Manufacture of other common machines40.615.64.4
Manufacturing machines for the textile, garment and leather industries9.719.17.7
Manufacture of other specialized machines-2.211.113.9
Manufacture of motor vehicles1.17.33.8
Manufacture of motor vehicles-6.43.7-4.0
Manufacture of spare parts and accessories for motor vehicles and vehicle engines12.811.813.9
Manufacture of other means of transport2.8-5.2-5.1
Manufacture of motorbikes and motorbikes2.8-5.2-5.1
Production of beds, cabinets, tables, chairs-12.818.819.6
Production of beds, cabinets, tables, chairs-12.818.819.6
Other processing and manufacturing industries4.95.33.4
Production of toys and games0.0-5.81.4
Manufacture of medical, dental, orthopaedic and rehabilitation equipment and instruments7.29.18.1
Other production not yet classified5.48.71.3
Repair, maintenance and installation of machinery and equipment4.81.9-11.9
Repair of machinery and equipment1.38.9-17.3
Repair and maintenance of means of transport (except cars, motorbikes, motorbikes and other motor vehicles)12.98.12.9
Installation of machinery and industrial equipment-0.8-11.4-14.0
Production and distribution of electricity, gas, hot water, steam and air conditioning8.611.412.7
Production and distribution of electricity, gas, hot water, steam and air conditioning8.611.412.7
Production, transmission and distribution of electricity8.611.412.7
Water supply; waste and wastewater management and treatment activities2.87.46.3
Water exploitation, treatment and supply1.46.56.4
Water exploitation, treatment and supply1.46.56.4
Drainage and wastewater treatment3.610.34.8
Drainage and wastewater treatment3.610.34.8
Waste collection, treatment and destruction activities; scrap recycling4.68.26.3
Collection of non-hazardous waste11.08.89.2
Scrap recycling-11.07.32.2

Source: General Office of Statistics

Contents

advertising enquiry

submit a press release

Note that it will be marked as a press release/sponsored post.

guest post

We publish guest posts of 800 to 1000 words from experts who have something unique to say on topics relevant to our audience. 

get connected with an expert

letters to the editor

We review letters for quality and authority and generally only publish views that add to the discussion from experts in their field.