Vietnam's industrial index of production (IIP) jumped 10% year-on-year in the third quarter of 2025, with gains recorded in all 34 localities, reported the Ministry of Finance's National Statistics Office (NSO).

Footwear production for export at the Vinh Hoa Hung Nam Industrial Cluster, An Giang province.

Manufacturing and processing, the main engine, climbed 10.2%, mining gained 8.2%, electricity production and distribution rose 9.8%, and water supply and waste treatment increased 5.3%.

Over the first nine months, the index advanced 9.1%, topping 8.4% a year earlier. Manufacturing grew 10.4% (versus 9.6% in 2024), electricity expanded 6.1% (versus 10.8%), water supply rose 8.8% (versus 9.7%), and mining eked out 0.1% growth after a 6.9% decline last year.

Laggards included beverages, up just 3.8%, and crude oil and natural gas extraction, down 4.7%.

Manufacturing consumption edged 0.1% higher month-on-month and 9.3% year-on-year in September. For the nine months, it rose 9.1%, trailing the 12.5% surge a year ago.

Manufacturing inventories as of September 30 climbed 4.9% month-on-month and 13.3% year-on-year, versus an 8.5% increase in the same period last year. The nine-month average inventory ratio hit 82.3%, up from 76.8% last year.

The workforce in industrial enterprises as of September 1 had grew 1.2% from the previous month and 4.5% year-on-year. Employment in state-owned firms rose 2.6%, non-state companies 2.9%, and foreign-invested firms 5.2%.

Hanoi's industrial output held firm, up 6.7% in the first nine months, beating the 5.4% gain a year earlier. Manufacturing rose 6.9%, water and waste treatment 6.6%, and electricity 5.4%, while mining dropped 3.5%.

The performance showed the effective impact of local business support and a shift to a green, innovative, sustainable industrial model.

Authorities expect industrial production to hold steady through late 2025, fueled by the streamlined local administration model, the anti-counterfeit drive, faster public investment, and rising FDI inflows into real estate raised demand for cement and steel.

With the above advantages, the NSO believes that Vietnam's industrial production will basically continue to grow in the last months of 2025, despite having to deal with many global challenges and costs.

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