HCM City’s industrial production expands, nine-month figure estimated up 11.1%
VOV.VN - Ho Chi Minh City's industrial production index (IIP) through September 2026 is estimated to increase by 11.1% year-on-year, marking the highest level in the past three years, with the full-year figure projected to grow by 12.2%.
This growth stems notably from the chemical-pharmaceutical-rubber-plastics sector (up 15.6%) and key mechanical engineering (up 14.7%).
Despite persistent market hurdles, the city's IIP for the nine-month period is estimated to increase by 11.1% year-on-year, compared to a 6.9% rise in the same period of 2025. This represents the highest growth rate in three years. The full-year IIP for 2026 is set to expand by approximately 12.2%, up from 8.9% in 2025.
Within this growth performance, a notable highlight is the mechanical engineering sector, one of the city's key industrial pillars, which records a high growth rate, with the nine-month index estimated to soar by 14.7% and the full-year 2026 figure projected to reach 19.1%.
This strong expansion results from investment demand for machinery and equipment serving industrial production and construction, particularly public investment infrastructure projects.
Additionally, numerous enterprises have stepped up the adoption of automation and smart manufacturing, gradually integrating into the supply chains of FDI firms in the automotive, electronics, and industrial equipment sectors.
Alongside mechanical engineering, the chemical-pharmaceutical-rubber-plastics sector posts an estimated nine-month IIP surge of 15.6%. This shows the recovery of domestic and export demand for engineering plastics, packaging, production chemicals, and medical devices.
Nevertheless, this sector depends heavily on imported raw materials and faces rising pressure from circular economy requirements, carbon emission reduction, extended producer responsibility (EPR), and traceability.
According to businesses, to achieve the target of double-digit industrial growth for the full year, Ho Chi Minh City must focus on promptly resolving difficulties regarding orders and raw material supply, lowering input costs, and ensuring stable power supply for production.
To support businesses, it has planned to build enterprise linkage chains by industry clusters, value chains, and supply chains across the area.
The Ho Chi Minh City Department of Industry and Trade organized the 2026 supporting industry supplier matchmaking conference, enabling domestic enterprises to connect with major manufacturing conglomerates, secure orders, and upgrade their capacity to meet supply chain requirements.
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