Vietnam’s industrial sector made a strong mark in 2025, overcoming a host of challenges to post impressive growth. However, the target of growth exceeding 10% in 2026 will remain a major test.
The country's industrial growth in the period was largely fuelled by the manufacturing and processing sector, which expanded by 10.3% and contributed 8.5 percentage points to the overall IIP.
Ho Chi Minh City’s Index of Industrial Production (IIP) rose by 8.2% in the first five months of 2025 compared to the same period last year, marking the highest five-month growth rate in the past seven years, according to the municipal Department of Industry and Trade.
In order to achieve the target of industrial growth of 7-7.5% this year, Hanoi has been implementing a series of solutions to support industrial enterprises in the capital city.
Hit hard by a resurgence of COVID-19 in the first quarter, the northern province of Quang Ninh nonetheless posted gross regional domestic product (GRDP) growth of 9.02 percent, or double the national average, data shows.
Ho Chi Minh City sets a target of 5 percent industrial growth in 2021 and its four key sectors expanding by at least 6.7 percent, according to its Department of Industry and Trade.
HCM City agreed to set up a working group to help investors navigate regulations and tweak policies where needed as part of efforts to ensure it can achieve the industrial growth target of 7.8 – 8.2 percent this year.
Macroeconomic indexes have experienced positive changes over the last nine months, showing the effectiveness of Vietnam’s financial and monetary policies, according to the National Financial and Monetary Policy Consultation Council.
