Vietnam’s industrial production index up 10.8 percent year-on-year in October

Vietnam’s industrial production index (IIP) in October 2025 rose by an estimated 2.4 percent month-on-month and 10.8 percent year-on-year, marking one of the strongest monthly performances this year, according to the latest data from the National Statistics Office (NSO).

Over the first ten months, the IIP increased by 9.2 percent compared to the same period last year.

Vietnam Industrial Production Index YoY change 2025
Uses preliminary data from the National Statistics Office.

Sector performance

Processing and manufacturing remained the key driver, up 11.4 percent year-on-year in October.

Electricity production and distribution rose 11.0 percent, while water supply, waste and wastewater management increased 12.2 percent.

Mining expanded by 3.1 percent.

From January to October, processing and manufacturing climbed 10.5 percent, contributing 8.5 percentage points to overall growth.

Water supply and waste management rose 9.0 percent, electricity 6.8 percent, and mining slipped 0.1 percent.

Key industries

Several key subsectors posted strong gains over the ten-month period.

Motor vehicle production increased by 23.5 percent, rubber and plastic products by 17.3 percent, and non-metallic minerals by 16.8 percent.

Metal production grew 13.8 percent, garments 13.3 percent, prefabricated metal products 12.8 percent, and leather and related goods 11.2 percent.

Food processing rose 10.4 percent, while furniture, paper, and wood-based products each advanced by around 10 percent.

Electronics and computer production rose 8.2 percent.

Weaker results were seen in machinery and equipment manufacturing, up just 3.9 percent, coal and lignite mining up 3.4 percent, and crude oil and natural gas extraction down 4.1 percent.

Employment trends

The number of industrial workers as of 1 October 2025 rose by 0.8 percent from September and by 3.6 percent year-on-year.

State-owned enterprises saw a 0.1 percent monthly and 2.6 percent annual increase, while foreign-invested firms rose 0.9 percent and 4.1 percent respectively.

Employment in non-state enterprises climbed 1.0 percent month-on-month and 2.2 percent year-on-year.

Vietnam industrial production index data change, October 2025

MoMYoYYTD YoY
Vietnam’s Industrial Production Index2.410.89.2
Extractive8.23.1-0.1
Mining of hard coal and lignite24.5-5.13.4
Mining and collection of hard coal24.5-5.13.4
Crude oil and natural gas extraction1.53.4-4.2
Crude oil exploitation-0.31.5-0.9
Natural gas extraction3.75.7-7.5
Metal ore mining-16.6-8.1-1.9
Iron ore mining-22.5-40.011.4
Mining of other non-ferrous metal ores-16.2-4.9-3.0
Other mining1.713.110.9
Quarrying of stone, sand, gravel, clay1.713.110.9
Mining and quarrying support services activities35.020.01.6
Support services for crude oil and natural gas exploitation35.020.01.6
Processing and manufacturing industry2.111.410.5
Food processing and manufacturing3.110.910.4
Processing and preserving aquatic products and aquatic products3.712.29.7
Processing and preserving fruits and vegetables5.717.418.2
Processing of milk and dairy products5.83.54.3
Milling and production of raw flour2.317.66.3
Food products not elsewhere classified0.2-7.45.6
Animal feed, poultry and aquatic products1.313.511.4
Beverage production5.811.04.1
Beer and malt production6.88.45.0
Non-alcoholic beverages, mineral water4.215.42.7
Tobacco products manufacturing0.7-1.75.1
Tobacco products manufacturing0.7-1.75.1
Weaving1.37.78.0
Fiber production1.09.59.8
Woven fabric production-0.1-3.1-4.1
Ready-made garments (except apparel)7.61.62.4
Garment manufacturing2.214.713.3
Sewing clothes (except fur clothes)2.214.713.3
Leather and related products3.43.411.2
Footwear manufacturing3.43.411.2
Wood, bamboo and rattan products0.78.910.2
Sawing, planing, and preserving wood-1.68.57.8
Plywood, veneer, laminated wood and other thin boards5.39.714.8
Paper and paper products0.412.010.3
Corrugated paper, corrugated cardboard, packaging from paper and cardboard1.39.18.7
Other products of paper and paperboard not elsewhere classified-0.615.512.0
Print, copy records of all kinds-1.59.910.1
Printing0.411.412.1
Printing related services-10.72.21.2
Coke, refined petroleum products3.320.710.0
Coke production18.9-2.6-3.6
Refined petroleum products3.021.410.4
Chemicals and chemical products1.119.49.4
Fertilizers and nitrogen compounds10.11.08.3
Plastic and synthetic rubber in primary form0.531.213.2
Paints, varnishes and similar coatings, printing ink and mastics3.04.54.1
Cosmetics, soaps, detergents, polishes and toilet preparations-2.117.63.8
Other chemical products not elsewhere classified2.68.213.3
Drugs, pharmaceutical chemicals and pharmaceutical materials-0.510.0-1.9
Drugs, pharmaceutical chemicals and pharmaceutical materials-0.510.0-1.9
Rubber and plastic products1.216.817.3
Plastic products1.216.817.3
Other non-metallic mineral products5.022.216.8
Building materials from clay2.330.017.1
Cement, lime, plaster5.720.616.3
Concrete and products from cement and plaster2.725.418.9
Metal production1.228.713.8
Iron, steel, cast iron1.228.713.8
Prefabricated metal products (except machinery and equipment)2.316.612.8
Metal components1.110.38.9
Mechanical processing; metal treatment and coating1.952.335.7
Other fabricated metal products not elsewhere classified4.54.05.2
Electronic products, computers and optical products0.09.88.2
Electronic components manufacturing-2.627.017.5
Communication equipment manufacturing1.35.95.2
Consumer electronics products-2.69.811.7
Electrical equipment manufacturing0.00.65.1
Motors, generators, electric transformers, electricity distribution and control equipment-10.4-8.08.3
Battery and accumulator manufacturing0.2-7.3-8.0
Cables, wires and other electronic products1.99.117.8
Household electrical appliances1.96.912.0
Machinery and equipment not elsewhere classified-0.4-8.93.9
Other pumps, compressors, taps and valves1.222.215.8
Lifting, lowering and loading equipment-13.9-19.2-18.4
Office machinery and equipment (except computers and computer peripheral equipment)6.0-21.08.4
Other general machinery manufacturing6.3-1.52.6
Machines for textile, garment and leather industries2.55.112.7
Other specialized machines-2.8-9.16.0
Motor vehicle manufacturing11.31.523.5
Motor vehicle manufacturing15.7-0.839.0
Spare parts and accessories for motor vehicles and motor vehicle engines5.64.86.9
Other means of transport6.5-2.47.8
Motorcycle manufacturing6.5-2.47.8
Beds, cabinets, tables, chairs4.87.410.3
Beds, cabinets, tables, chairs4.87.410.3
Other processing and manufacturing industries-0.84.16.5
Toy and game manufacturing-2.1-2.12.2
Medical, dental, orthopedic and rehabilitation equipment and instruments0.63.38.6
Other manufacturing not elsewhere classified-1.17.37.1
Repair, maintenance and installation of machinery and equipment4.816.715.8
Repair of machinery and equipment6.76.323.9
Repair and maintenance of means of transport (except cars, motorbikes, scooters and other motor vehicles)5.039.313.8
Installation of industrial machinery and equipment1.29.09.2
Production and distribution of electricity, gas, hot water, steam and air conditioning1.511.06.8
Electricity, gas, hot water, steam and air conditioning1.511.06.8
Electricity generation, transmission and distribution1.511.06.8
Water supply; waste and wastewater management and treatment activities2.912.29.0
Water exploitation, treatment and supply-0.76.33.8
Water exploitation, treatment and supply-0.76.33.8
Drainage and wastewater treatment1.513.59.9
Drainage and wastewater treatment1.513.59.9
Waste collection, treatment and disposal activities; scrap recycling7.018.514.7
Non-hazardous waste collection-1.116.28.9
Scrap recycling17.921.421.8

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