Vietnam’s Industrial Production Index increased 21.5 percent year on year in January 2026, despite a 0.2 percent month-on-month decline, supported by stronger orders and more working days, according to the latest release from the National Statistics Office.
Manufacturing rose 23.6 percent year on year, while electricity production and distribution increased 14.1 percent, water supply and waste management 13.6 percent, and mining 10.3 percent.
Strong gains were recorded in non-metallic mineral products (41.9 percent), motor vehicles (36.6 percent), metals (35.4 percent), chemicals (35.2 percent), paper (31.9 percent), beverages (26.1 percent), rubber and plastics (25.8 percent), tobacco (25.6 percent) and garments (25.3 percent), while coke and refined petroleum products grew 9.3 percent and crude oil and gas extraction 6.2 percent.
Compared with January 2025, industrial production in 2026 showed a broad rebound across most manufacturing industries after widespread contractions a year earlier.
Industrial output increased year-on-year in all 34 localities, with stronger performance linked to manufacturing and electricity generation, while weaker growth reflected softer manufacturing, mining and power output in some areas.
Key product output surged, including mobile phone components (92.7 percent), motorcycles (54.3 percent), cement (48.9 percent), automobiles (48.5 percent), rolled steel (38.0 percent) and processed seafood (30.7 percent), while urea fertiliser fell 40.0 percent and mobile phones declined 6.1 percent.
Industrial employment rose 0.8 percent month on month and 4.3 percent year on year, led by foreign-invested enterprises, with manufacturing employment up 4.5 percent from a year earlier.