Vietnam Industrial Output Grows for 11th Month

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.

Vietnam’s industrial production rose 10.1% year-on-year in December 2025, quickening from a downwardly revised 9.1% increase in the previous month, which had marked the softest pace in three months. The latest result signaled the 11th consecutive month of expansion, driven by a sharp acceleration in electricity and gas output (11.2% vs 5.8% in November). Also, growth in manufacturing output accelerated (10.9% vs 10.5%), while water supply, waste management, and wastewater treatment picked up strongly (6.3% vs 2.1%). However, mining and quarrying activity remained subdued, rising just 0.2% after a 4.1% increase in November. Monthly, industrial production increased by 2.2% in December. For the full year 2025, output expanded 9.2% from the previous year.

Vietnam’s industrial production grew 10.8% year-on-year in November 2025, accelerating slightly from a downwardly revised 10.4% increase in the previous month. It marked the 10th consecutive month of expansion, driven by stronger growth in mining and quarrying (7.0% vs. 6.1% in October) and manufacturing (11.8% vs. 11.0%). In contrast, growth slowed in electricity and heat distribution (5.8% vs. 9.2%) as well as water supply, waste management, and wastewater treatment activities (6.5% vs. 7.8%). On a monthly basis, industrial production increased 2.2%. Over the first eleven months of 2025, industrial output expanded 9.3% compared with the same period a year earlier.