Data released on March 6 by the National Statistics Office shows that the growth rate was significantly higher than the 7.5% increase recorded in the same period last year. Despite fewer working days in February due to the Lunar New Year holiday, overall industrial performance was resilient.

Industrial production in February alone was estimated to decline 18.4% compared with January, largely reflecting the holiday period. However, output still edged up 1% year on year, suggesting that the underlying momentum in Vietnam’s industrial sector remained intact.

Manufacturing and processing continued to play the central role in driving the country’s industrial expansion, with the sector growing 11.5% from a year earlier and contributing the majority of the increase in the overall industrial production index. The strong performance reflects both improving domestic consumption and steady demand from export markets.

Several manufacturing industries recorded particularly robust growth during the period. Production of non-metallic mineral products and basic metals expanded rapidly (up 33.1% and 27.9% respectively), while beverage manufacturing, paper production, and motor vehicle manufacturing also saw significant increases (up 20.9%, 20.4%, and 20.3%). Chemical production posted strong gains as well (up 20.1%), highlighting broad-based growth across a range of industrial segments.

The surge in construction-related materials has been one of the most notable trends in early 2026. Output of cement and steel rose sharply (30.5% and 25.7%) compared with the same period last year, suggesting stronger demand from infrastructure projects and construction activities. Increased production of chemical paint further supports the view that the construction sector is experiencing renewed momentum.

Consumer-oriented industries also showed clear signs of recovery. Production of automobiles and motorcycles increased strongly (up 24% and 22.5%), reflecting improving household spending and a rebound in domestic consumption. The beverage sector posted solid growth, with beer output rising by 18.1%. Processed seafood production also expanded at a strong pace (24.8%), pointing to both domestic demand and export activity.

Vietnam’s electronics sector, while still expanding, grew at a more moderate pace compared with other industrial segments. Production of electronic products, computers, and optical devices recorded steady growth at 8%, while phone components continued to increase by 15.4%. However, overall mobile phone output declined slightly, illustrating the sector’s sensitivity to fluctuations in global technology demand and supply chains.

In contrast to manufacturing, mining contributed less to overall industrial growth. Some mining activities and mineral-related products recorded declines compared with the previous year. This trend reflects Vietnam’s longer-term structural shift away from reliance on resource extraction toward higher-value manufacturing and processing industries.

Industrial production expanded across all 34 provinces and cities nationwide during the first two months of the year. Several localities reported particularly strong increases thanks to rapid expansion in manufacturing and electricity production, while others recorded slower growth due to weaker performance in mining or energy supply.

Industrial production shows continued upward trend in 34 localities

VOV.VN - Vietnam’s index of industrial production (IIP) maintained strong growth momentum, rising by 8.6% in the first seven months of the year, slightly higher than the 8.5% increase recorded a year ago, according to the National Statistics Office (NSO).