Industrial production index climbs 18.3% in January
The index of industrial production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year, reported the General Statistics Office (GSO).
Workers produce bicycles at a factory of the Thong Nhat Joint Stock Company in Hanoi. (Photo: VNA)
Hanoi (VNA) – The index of industrial production(IIP) in January fell 4.4% month on month but still went up 18.3% year on year,reported the General Statistics Office (GSO).
In particular, the processing - manufacturing sector expanded 19.3% from a year earlier, contributing 15.1 percentage points to the overall growth.
Electricity production and distribution surged by 21.6%,contributing 1.9 percentage points; water supply, waste and wastewater managementand treatment up 5.7%, 0.1 percentage point; and the mining sectorup 7.3%, 1.2 percentage points.
Notably, the January IIP posted year-on-year increases in 60 provinces and cities while declining in just three others, the GSO said, attributing the fast expansion in some localities to sharp rises in the processing - manufacturing sector and the production and distribution of electricity.
Those recording high index rises in the processing - manufacturing sectorinclude Quang Ninh province 157.9%, Bac Giangprovince 57.7%, Nam Dinh province 56.9%, Vinh Long province 51.2%, Kien Giang province47.7%, Phu Tho province 39.4%, and Ho Chi Minh City 26.9%.
Thoughthe global economy is still facing numerous difficulties and market demand hasyet to recover, the country’s IIP has continued improving thanks to producers’efforts to seek new orders and prepare goods for the Lunar New Year (Tet)holidays, according to the GSO./.
Industrial production in Vietnam has shown signs of recovery and is believed to have a bright prospect in 2024 thanks to the global consumption rebound and support from the Government, ministries, and sectors.
The Vietnamese economy did recover in 2023, Dr. Can Van Luc affirmed, describing quarter-over-quarter growth, rebounded sectors, and impressive results in economic integration as three highlights last year.
Ho Chi Minh City’s Department of Industry and Trade will deploy a number of measures to enable it to always stay ahead of trends, helping the city maintain its role as the economic locomotive and take the lead in innovation in the country, according to the department.
The added value of industrial production in Vietnam rose 3.02% during 2023, with the manufacturing and processing sector enjoying an increase of 3.62%.
Hanoi has been implementing measures to support enterprises to regain growth momentum in 2024, according to Acting Director of the city’s Department of Industry and Trade Tran Thi Phuong Lan.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Workers produce bicycles at a factory of the Thong Nhat Joint Stock Company in Hanoi. (Photo: VNA) 
