AsemconnectVietnam - Industrial production had an optimistic recovery in the first month of 2025, especially for key products.

Strength from key industries
The report of the Ministry of Industry and Trade showed that in January of this year, the bright spot of the country's production picture was the index of industrial production (IIP) estimated to decrease by 9.2% compared to the previous month, but still increased slightly by 0.6% compared to the same period last year (the Lunar New Year month of 2024 decreased by 6.8%).
In particular, the processing and manufacturing industry increased by 1.6% compared to the same period last year; electricity production and distribution increased by 0.4%; water supply, waste and wastewater management and treatment activities increased by 9.2%.
In addition, some key secondary industries increased sharply compared to the same period last year, such as motor vehicle production increased by 33.8%; bed, wardrobe, table and chair production increased by 10.6%; leather and related products increased by 10.3%; garment production increased by 6.1%; textiles increased by 4.2%; electronic products, computers and optical products increased by 3.8%; other non-metallic mineral products increased by 3.5%; food processing increased by 2.1%.
The report of the Ministry of Industry and Trade recorded a number of key industrial products in January increased sharply compared to the same period last year. Typically, automobiles increased by 60.7%; televisions increased by 50.1%; NPK mixed fertilizer increased by 13.7%; natural fiber textiles increased by 9.6%; Fresh milk increased by 7.3%; powdered milk increased by 5.7%; casual wear increased by 5.0%.
Evaluating industrial production in January of 2025, the leader of the Department of Industry (Ministry of Industry and Trade) pointed out that for key industries with strong recovery such as textiles, footwear, steel, electronics, food processing, etc., it reflected a rapid recovery, which shows that the input sectors for production and business are recovering strongly.
In particular, one of the positive highlights for the industry in January is that the processing and manufacturing industry continued to lead in attracting foreign investment, with a total investment capital of more than 3.09 billion USD, accounting for nearly 87% of the total registered investment capital, up 99.1% over the same period last year, showing optimistic signals for the development of domestic industry.
CK
Source: VITIC/congthuong.vn