Manufacturing remains main driver of industrial growth

In the January–April period, the IIP rose 9.2% compared to the same period last year, signalling a stable and broad-based recovery across the industrial sector.

Production line at Honda Vietnam in Dong Van II Industrial Park. (Photo: VNA)
Production line at Honda Vietnam in Dong Van II Industrial Park. (Photo: VNA)

​Hanoi (VNA) – Vietnam’s industrial sector maintained strong growth momentum in April, with the Index of Industrial Production (IIP) estimated to increase 3% from the previous month and 9.9% year-on-year, according to the National Statistics Office (NSO) under the Ministry of Finance.

In the January–April period, the IIP rose 9.2% compared to the same period last year, signalling a stable and broad-based recovery across the industrial sector.

Manufacturing and processing continued to serve as the key growth engine, expanding 9.9% and contributing 7.8 percentage points to overall industrial growth. Electricity production and distribution grew 7.5%, while water supply and waste treatment services increased 7.4%. Mining activity also recorded a 4% rise. The data reaffirmed the leading role of manufacturing, while infrastructure-related industries continued to support stable production.

Industrial production posted growth in all 34 provinces and centrally-run cities, highlighting the broad recovery of industrial activity nationwide. Strong gains were recorded in localities with advantages in manufacturing and electricity production, including Ninh Binh, Phu Tho, Ha Tinh, Nghe An, and Bac Ninh. Hydropower hubs such as Lai Chau and Son La also saw solid expansion in electricity output, contributing to the sector’s overall growth.

vnanet-vna-potal-hai-phong-dung-top-dau-ca-nuoc-ve-thu-hut-von-dau-tu-nuoc-ngoai-8096321.jpg
Airbag fabric production line for export automobiles at HTM Hai Phong New Material Technology Co., Ltd., Trang Due Industrial Park, Hai Phong city. (Photo: VNA)

Despite the positive trend, disparities remained among localities. Provinces dependent on slower-growing or declining sectors such as mining and electricity production, including Lang Son, Lao Cai, Quang Ngai, and Tuyen Quang, reported more modest growth. The gap reflected differences in industrial structures and economic transition capacity across regions.

The NSO reported strong output growth in several key industrial products during the first four months of 2026. Motorbike production jumped 33.3% year-on-year, while processed seafood rose 22.5%, automobile production 22.4%, and rolled steel 17%.

Meanwhile, output of several products declined, including clean coal, down 5.4%; monosodium glutamate, 4.4%; televisions, 4.3%; leather footwear, 4.1%; and urea fertiliser, 1.1%.

The industrial labour market also continued to improve, with employment at industrial enterprises rising 1.1% from March and 3.6% year-on-year, reflecting ongoing production expansion among businesses.

Employment at State-owned enterprises increased 0.2% both month-on-month and year-on-year. The non-State sector saw employment rise 1.1% from the previous month but dip 0.1% compared to a year earlier. Foreign-invested enterprises posted increases of 1.2% month-on-month and 5.1% year-on-year./.

VNA

See more

Deputy Prime Minister Nguyen Van Thang speaks at the event. (Photo: baochinhphu.vn)

Deputy PM calls for integrated ASEAN fintech ecosystem

Deputy PM Nguyen Van Thang proposed a shared vision for an ASEAN fintech ecosystem that is open, secure, transparent, inclusive, and sustainable: “Open” to foster connectivity, “Secure” to enable growth, “Transparent” to build trust, “Inclusive” to ensure that no one is left behind, and “Sustainable” to strengthen resilience and support long-term progress.

Vice Chairperson of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Xian Hui (left) meets with Secretary of Phu Tho provincial Party Commitee Pham Dai Duong on comprehensive cooperation (Photo: VNA)

Phu Tho expands cooperation with Chinese localities

A high-level delegation of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), led by its Vice Chairperson Xian Hui, visited the production facility of BYD Vietnam Co., Ltd. at Phu Ha Industrial Park and held a working session with leaders of Phu Tho province on June 9.

Financial buildings in downtown Ho Chi Minh City along the Saigon River. (Photo: VNA)

Robust dispute resolution framework key to Vietnam’s IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.

A step in the semiconductor chip manufacturing process. (Photo: VNA)

LG to build first semiconductor substrate plant in Vietnam

LG Innotek, an affiliate of the Republic of Korea's LG Group, has announced a plan to build its first semiconductor substrate plant in Vietnam, marking a significant step in expanding its production capacity and strengthening its semiconductor packaging solutions business.

Minister of Industry and Trade Le Manh Hung, President and Chief Executive Officer of Murphy Oil Eric M. Hambly, and delegates at their meeting on June 8 in Hanoi. (Photo: moit.gov.vn)

Murphy Oil urged to expand investment in Vietnam

Murphy Oil has operated in Vietnam since 2012 and currently participates in and operates many important oil and gas contracts at projects such as Lac Da Vang and Hai Su Vang, which are expected to contribute additional oil and gas supplies, strengthen energy security and support Vietnam’s economic development.

Deputy Prime Minister Nguyen Van Thang (R) receives Krishna Srinivasan, Director of the Asia and Pacific Department at the International Monetary Fund (IMF), in Hanoi on June 8. (Photo: VNA)

Deputy PM receives IMF Asia-Pacific Director

Director of the Asia and Pacific Department at the International Monetary Fund (IMF) Krisha Srinivasan affirmed that the IMF will continue to accompany and support Vietnam in the development of its financial sector, thereby helping to strengthen resilience and promote sustainable growth in the years ahead.

An article on Vietnam's e-commerce boom on Le Monde (Photo: VNA)

Digital economy fuels new growth momentum in Vietnam: French daily

French daily Le Monde recently reported that Vietnam’s e-commerce revenue approached 26 billion EUR (29.6 billion USD) in 2025, jumping 25% from a year earlier on the heels of a 20% gain in 2024. The sector now commands roughly 11% of total retail sales, cementing Vietnam’s status as one of Southeast Asia’s most dynamic markets.

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats from now until August 16 to meet peak summer travel demand. (Photo: VNA)

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats

Vietnam Airlines Group, comprising Vietnam Airlines, Pacific Airlines and Vietnam Air Services Company (VASCO), will provide nearly 5.5 million seats on domestic routes from now until August 16 to meet peak summer travel demand, including around 2.2 million seats offered at promotional fares on various routes.

A pepper farm in Gia Lai province (Photo: VNA)

Vietnam’s pepper exports jump 21.7% in volume in five months

May shipments, however, totaled 25,180 tonnes worth 166.2 million USD, down 18.9% by volume and 13.9% by value from April, and 4.8% lower in volume from a year earlier. Major exporters reported declining shipments, underscoring a sector-wide pullback.

Representatives of Vietrade and TFO Canada discuss a new cooperation project for 2026–2030. (Photo: VNA)

Vietnam, TFO Canada move towards strategic trade partnership

Director General of Vietrade Vu Ba Phu said the success of cooperation during 2021–2024 had laid a solid foundation for elevating bilateral ties in the new phase, with Vietrade now serving as TFO Canada’s strategic partner in Vietnam.