Vietnam Industrial Production

Vietnam’s industrial production surged 21.5% year-on-year in January 2025, sharply accelerating from a 10.1% increase in the previous month and marking the 12th straight month of expansion. The latest reading marked the fastest since April 2021, largely reflecting seasonal factors tied to pre-Lunar New Year production. Output growth strengthened across most sectors, including manufacturing (23.6% vs 10.9% in December), electricity and gas supply (14.1% vs 11.2%), and water supply, waste management, and wastewater treatment (13.6% vs 6.3%). Meanwhile, mining and quarrying picked up sharply (10.3% vs 0.2%). On a monthly basis, industrial output edged down 0.2%, reversing a 0.2% gain in December. In 2025, industrial production rose 9.2% from the prior year.