Vietnam Industrial Output Growth at 8-Month High

Vietnam’s industrial production increased 16.7% year-on-year in September 2026, accelerating from a downwardly revised 13.5% gain in the previous month and marking the fastest growth since January. Output growth accelerated across all major sectors, including mining (13.4% vs 12.1% in August), manufacturing (17.1% vs 14.0%), electricity and gas supply (15.5% vs 11.0%), and water supply, waste management and wastewater treatment (10.3% vs 7.3%). On a monthly basis, production grew by 3.3%. In the first nine months of 2026, industrial production expanded 12.3% from the same period a year earlier, supported by growth in all sectors.

Vietnam's industrial production expanded 14.5% year-on-year in July 2026, accelerating from an upwardly revised 12.9% increase in June and marking its strongest growth in six months, since January 2026. The pickup was driven by faster growth in manufacturing and processing (15.0% vs 12.8% in June) and water supply, waste management, and wastewater treatment (14.9% vs 10.1%). Meanwhile, growth in mining and quarrying was unchanged at 10.4%. In contrast, electricity production and distribution growth eased to 12.5% from 15.2%. On a monthly basis, industrial output rose 1.2%, signaling continued strength in the sector. For the January-July period, industrial production increased 11.4% compared with the same period a year earlier.

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.