Industrial production grows remarkably in Q1

Vietnam’s Index of Industrial Production (IIP) in the first quarter of 2025 rose 7.8% year-on-year, according to the National Statistics Office (NSO).

The manufacturing and processing sector jumped 9.5% year-on-year, electricity production and distribution increased by 4.6%, and water supply and sewerage and waste management and remediation activities surged 11.6% while mining dropped 4.7%.

Among the total 63 centrally - run cities and province, 59 recorded an increase in the IIP during the period, while 4 recorded declines.

Some localities have seen a fairly high increase in the IIP due to a sharp increase in the processing and manufacturing industry, including Phu Tho (44%), Bac Kan (31.8%), Bac Giang (27.2%), and Nam Dinh (23.5%).

The NSO also reported that the number of workers working in industrial enterprises as of March 1, 2025, increased by 1.1% compared to the same time last month and by 4.8% compared to the same time last year.