The strongest first-half industrial growth since 2019 not only underscores the sector's solid recovery but also provides a firm foundation for Vietnam to sustain robust economic growth throughout 2026. With manufacturing continuing to lead, supported by improving demand, employment and production capacity, industry is expected to remain a key pillar of economic expansion.
According to a representative of the Department of Industry under the Ministry of Industry and Trade, the capacity of domestic enterprises has been improved thanks to the combined impact of the Government’s support policies.
Vietnam’s Index of Industrial Production (IIP) rose 5.7% year-on-year in the opening two months of 2024, according to the General Statistics Office of Vietnam.
Despite the changes in the world situation, Vietnam has made positive recovery in business and production activities, stabilised macro-economy, controlled inflation, and ensured major economic balances, according to a report by the Ministry of Planning and Investment (MPI) delivered at the Government regular meeting on September 6.
Socio-economic recovery and development have been seen in Ho Chi Minh City – the biggest economic hub in southern Vietnam, with strong growth in production and business activities.
The index of industrial production (IIP) in January is estimated to enjoy a year-on-year rise of 22.2 percent, according to the General Statistics Office.
HCM City’s index of industrial production (IIP) in June rose 13.74 percent from the previous month, according to statistics of the municipal People’s Committee.
The Index of Industrial Production (IIP) in November saw the lowest rise since the beginning of 2019 at 5.4 percent, mostly due to the slowing-down of mining and processing-manufacturing sectors, according to the General Statistics Office (GSO).
The index of industrial production (IIP) for the first 10 months of this year increased by 9.5 percent from the same period last year, led by the manufacturing-processing sector.
Vietnam’s economy maintained growth across sectors, especially tourism, in the first eight months of 2019 despite global economic challenges and escalating trade tensions, Prime Minister Nguyen Xuan Phuc said at a cabinet meeting in Hanoi on September 4.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first six months of the year expanded 7 percent from the same time last year, propped up by high growth of the processing sector.
The Hoa Phuong Do (Red Flamboyant Flower) Festival 2019 kicked off in the northern port city of Hai Phong on May 10 with the presence of Prime Minister Nguyen Xuan Phuc.
Prime Minister Nguyen Xuan Phuc has suggested the northern port city of Hai Phong invest in technology and digital economy, and attract high-tech businesses to gain higher added values.
Ho Chi Minh City witnessed expansion of industrial activities in the first quarter of this year, recording a 6.24 percent rise in the Index of Industrial Production (IIP), the highest level in the past five years.
The index of industrial production (IIP) in January surged 20.9 percent against the same month last year, partly due to the long Lunar New Year holiday falling in February this year.
The significant socio-economic-cultural accomplishments that the southern economic hub of Ho Chi Minh City gained in 2017 will create a firm foundation for its stronger development in 2018 and the following years.
Vietnam’s index of industrial production (IIP) in November rose by 17.2 percent against the same month last year, according to the General Statistics Office (GSO).
