Vietnam Industrial Output Climbs to 5-Month High

Vietnam’s industrial production expanded 12.7% year-on-year in June 2026, accelerating from an upwardly revised 10.1% growth in May and marking its strongest increase in five months. The pickup was driven by faster growth across all major sectors, led by electricity and gas supply (16.6% vs. 10.3% in May), manufacturing and processing (12.6% vs. 10.7%), mining and quarrying (8.8% vs. 4.0%), and water supply, waste management, and wastewater treatment (8.7% vs. 6.2%). On a monthly basis, industrial output rose 3.5%, signaling continued strength in the sector. For the first half of 2026, industrial production increased 10.8% compared with the same period a year earlier, highlighting sustained momentum in Vietnam's industrial activity.

Vietnam’s industrial production grew 8.8% year-on-year in May 2026, easing from a downwardly revised 9.3% increase in the previous month. The moderation was mainly driven by slower growth in mining and quarrying (6.0% vs. 8.4% in April), electricity and gas supply (8.5% vs. 10.3%), and water supply, waste management, and wastewater treatment (8.7% vs. 16.5%). In contrast, manufacturing activity remained broadly stable, expanding 9.0% compared with 9.1% in April and continuing to underpin overall industrial growth. On a monthly basis, industrial output rose 3.3%, indicating sustained momentum in the sector. For the January–May period, industrial production increased 9.1% from the same period a year earlier, reflecting resilient industrial activity despite the slight slowdown in May.

Vietnam’s industrial production rose 9.9% year-on-year in April 2026, accelerating from an upwardly revised 7.2% growth in the previous month and marking the fastest pace since January. Output quickened across most sectors, led by mining and quarrying (7.6% vs 2.1% in March), manufacturing (10.0% vs 7.9%), and electricity and gas supply (10.9% vs 4.6%). In contrast, growth in water supply, waste management, and wastewater treatment eased (7.1% vs 11.2%).On a monthly basis, industrial output increased 3.0%. For the first four months of the year, industrial production gained 9.2% from the same period in 2025.