AsemconnectVietnam - In the first 6 months of 2025, Vietnam's industrial production made an impressive mark with the highest growth rate since 2020.

According to the General Statistics Office (Ministry of Finance), the industrial production index (IIP) was estimated to increase by 9.2% over the same period, affirming its important role as a "locomotive" of the economy.
The main driver of growth came from the processing and manufacturing industry with an increase of 11.1%, contributing 9.1 percentage points to the overall growth, continuing to be the "pillar" of the entire industry. In addition, the water supply, waste and wastewater management and treatment industry also recorded an impressive increase of 11.3%, contributing 0.2 percentage points.
On the other hand, the mining industry was still the "bottleneck" when it decreased by 3%, reducing the entire industry by 0.5 percentage points.
Industrial production expected to break out at the end of the year
Many secondary manufacturing industries grew strongly: Motor vehicle production soared by 31.5%; leather and related products increased by 17.1%; rubber and plastic increased by 17%; apparel increased by 15.1%; other means of transport increased by 14.1%; non-metallic mineral products increased by 13.7%; prefabricated metals increased by 11.8%; bed, wardrobe, table and chair production increased by 11.7%; metal increased by 11%; food processing increased by 10.8%; electronic, computer and optical products increased by 9.8%.
The key industrial products also “exploded”. Automobiles led the way with a record increase of 70.2%; televisions increased by 21.9%; NPK fertilizer increased by 18.9%; liquefied petroleum gas (LPG) increased by 16.9%; clothing increased by 14.9%; cement increased by 14.8%; leather footwear increased by 14.3%; steel bars and angle steel increased by 13.9%; diameter increased by 12.8%.
The increase spread widely, with 62/63 provinces and cities having an increase in IIP index. In particular, Phu Tho led with an increase of 45.5%, followed by Nam Dinh (32.6%), Bac Giang (27%), Ha Nam (22%), Vinh Phuc (18.9%), etc. Some other localities such as Thai Binh, Quang Ngai, Thua Thien Hue, Tien Giang, Ben Tre, Long An, Tay Ninh, Hoa Binh, Dak Lak, Quang Ninh, Binh Phuoc, Hai Phong, Thanh Hoa all recorded an increase of over 15%.
Expected trend in the last 6 months of 2025
According to the General Statistics Office, entering the second half of 2025, many factors are expected to support Vietnam's industry to continue its growth momentum.
First of all, from July 1, 2025, Vietnam transforms the local government model towards streamlining, reducing intermediary levels, helping businesses easily access policies and quickly implement production and investment plans.
Along with that, anti-counterfeiting and counterfeiting activities are being carried out vigorously to help make the market healthy, protect genuine products, and motivate businesses to expand production.
In addition, promoting public investment disbursement, promoting FDI in real estate, supporting industries, etc. will contribute to stimulating industries producing construction materials such as cement, iron and steel, and concrete.
Regarding exports, key manufacturing industries such as electronics, textiles, and footwear continue to maintain their advantages thanks to the preferential tax framework agreement with the US.
Attracting FDI in the processing and manufacturing industry still accounts for the largest proportion of total foreign investment, with large projects in electronics, computers, and technology equipment. This is an important driving force to maintain industrial growth momentum in the coming months.
However, there are still many challenges ahead. The mining industry is unlikely to recover in the short term, global energy prices continue to fluctuate, causing production costs to increase.
In addition, trade policies and tariffs from the United States and major markets can disrupt supply chains, affecting the competitiveness of businesses.
Another pressure is that the process of converting to green, clean production and applying technology requires large capital, which is not easy for many small and medium-sized enterprises to implement.
The General Statistics Office believes that with a solid foundation from the first 6 months of the year, Vietnam's industrial production can fully expect to make a breakthrough in the second half of 2025. However, to do that, businesses need to continue to adapt flexibly, increase productivity, promote technological innovation and improve domestic supply chains.
On the policy side, it is necessary to continue to create favorable conditions in terms of legal corridors, credit resources, support for digital transformation and development of supporting industries. Industrial production will continue to be one of the important "locomotives" of the economy. If growth drivers are effectively promoted and risks are well controlled, the industrial sector can completely create a solid foundation for the GDP growth target of 8% in 2025.
CK
Source: VITIC/ haiquanonline.com.vn