Industrial production rises 9.2% on manufacturing growth in early 2026
VOV.VN - Vietnam’s industrial production continued its positive momentum in the first four months of 2026, with the Index of Industrial Production (IIP) rising 9.2% year on year, driven largely by strong growth in processing and manufacturing.
According to data released by the National Statistics Office under the Ministry of Finance on May 3, industrial output in April alone increased by an estimated 3.0% compared to the previous month and 9.9% year on year.
Processing and manufacturing remained the main engine of growth, expanding by 10% in April compared to a year earlier. Other sectors also posted gains, including electricity production and distribution (up 10.9%), mining (up 7.6%), and water supply and waste management (up 7.1%).
Overall, in the January–April period, the manufacturing sector grew 9.9%, contributing 7.8 percentage points to the overall IIP increase. Electricity production and distribution rose 7.5%, contributing 0.7 percentage points, while mining increased 4.0% and contributed 0.6 percentage points. Water supply and waste management added 0.1 percentage points with a 7.4% rise.
Several key industrial sub-sectors recorded strong growth during the period. Chemical production expanded by 20.6%, followed by basic metals (18.7%), non-metallic mineral products (17.9%), motor vehicle manufacturing (17%), beverages (15.9%), and furniture (12.5%). Food processing rose 11.8%, while paper products and textiles both grew 9.6%. Rubber and plastic products increased 9.1%, and electronics, computers, and optical products rose 8.4%.
However, some sectors recorded slower growth or contraction. Leather and related products went up modestly by 4.4%, while coal mining declined by 5.3% and other transport equipment manufacturing fell by 0.9%.
Industrial production expanded across all 34 provinces and centrally governed cities during the period, with many localities benefiting from strong growth in manufacturing and electricity production. In contrast, some regions saw slower growth due to weaker performance in manufacturing, mining, or energy output.
In terms of key industrial products, motorcycle production surged 33.3% year on year, while processed seafood rose 22.5%, automobiles 22.4%, rolled steel 17.0%, and construction steel 15.8%. Beer production increased 15.5%, and chemical paints rose 14.7%. Meanwhile, output of clean coal declined by 5.4%, monosodium glutamate (MSG) fell 4.4%, televisions dropped 4.3%, leather footwear decreased 4.1%, and urea fertilizer edged down 1.1%.
The number of workers employed in industrial enterprises as of April 1, 2026 inched up 1.1% month on month and 3.6% year on year. Employment in the state sector edged up 0.2% both month on month and year on year, while the non-state sector increased 1.1% from the previous month but edged down 0.1% year on year. Foreign-invested enterprises saw stronger growth, with employment up 1.2% month on month and 5.1% year on year.
By sector, employment in mining declined slightly by 0.1% month on month but went up 0.4% year on year. Manufacturing employment expanded 1.2% and 3.8%, respectively, while electricity, gas, and air conditioning supply edged up 0.1% month on month and 2.2% year on year. Water supply and waste management employment rose 0.2% and 3.9%, respectively.
The latest data highlights continued resilience in Vietnam’s industrial sector, with manufacturing maintaining its role as a key driver of growth and reinforcing the country’s broader economic recovery.