Vietnam’s industrial production in February 2025 is estimated to have declined by 2.6 percent compared to the previous month. However, on a year-on-year basis, the industrial production index (IIP) recorded a strong increase of 16.7 percent, according to data from Vietnam’s General Office of Statistics.
For the first two months of 2025, the IIP rose by 7.0 percent compared to the same period in 2024. The processing and manufacturing sector led this growth with a 20.0 percent increase in February compared to a year earlier. Electricity production and distribution rose by 9.9 percent, while water supply, waste, and wastewater management grew by 13.9 percent. In contrast, the mining industry experienced a decline of 6.0 percent.
Despite the month-on-month contraction, Vietnam’s industrial sector continues to show strong annual growth, driven by expansion in manufacturing and utilities.
See also: Manufacturing in Vietnam