AsemconnectVietnam - By the end of November of 2025, the industrial production index (IIP) increased by 9.3%. Enterprises are focusing all their efforts on production, maintaining growth momentum and setting targets for next year.

Enterprises proactively stockpiling, maintaining production pace
As an enterprise operating in the field of manufacturing computers with Vietnamese brands, speaking with a reporter from Cong Thuong Newspaper, Mr. Tran Nam Hai, Deputy General Director of Thanh Giong Computer and Communications Joint Stock Company, said that this year, enterprises have encountered great difficulties due to the broken supply chain of components, especially semiconductor chips. The prices of these components have increased two to three times compared to the beginning of the year, directly affecting production costs and market demand. This situation has strongly affected the operations of enterprises, creating great pressure on development plans for the year.
After receiving information about the risk of disruption in the supply of electronic chip components, the company proactively mobilized all resources to import a reserve in advance to ensure production and business in 2025. Currently, the company is also focusing on year-end production orders as well as building a plan for the new year with a growth target of about 10% compared to the previous year. In the field of mechanical engineering, Bao Minh Chau Industrial Joint Stock Company also maintained stable output and is ready to expand production when the market recovers.
Mr. Nguyen Quang Thang, Director of the company, said that after a prolonged period of impact by the Covid-19 epidemic, current revenue is only equivalent to the previous year because the market is still facing many difficulties. To seize market opportunities in the coming time, the company is implementing a project to build factories to produce electrical cabinets that meet international standards. This is an important step to improve production capacity, meeting the strict requirements of the international market. Enterprises are actively seeking investment capital to build factories, while streamlining operations and focusing on improving product quality.
The end of the year also sees a more vibrant labor market. Accordingly, recruitment demand increases sharply during the peak period to meet shopping and consumption needs during the holidays and Tet. The e-commerce, tourism, restaurant, and manufacturing sectors all increase recruitment to complete year-end orders. A representative of Sunhouse Group Joint Stock Company said that due to expanding production scale, it announced the need to recruit 50 technical positions in operations, warehouses, and logistics. The company offers attractive bonus policies for new employees and referrals to attract quality personnel.
Industrial production maintains growth momentum, preparing for 2026
According to the General Statistics Office, industrial production in November of 2025 continued to grow positively as businesses increased production and prepared goods to serve domestic consumption and export demand at the end of the year.
Specifically, the index of industrial production (IIP) in November increased by 2.3% compared to the previous month and by 10.8% compared to the same period last year. In the first 11 months of 2025, the IIP of the whole industry increased by 9.3% over the same period, of which the processing and manufacturing industry increased by 10.6%; the water supply and waste treatment industry increased by 8.4%; electricity production and distribution increased by 6.5%; and the mining industry increased by 0.9%.
Many key secondary industries also recorded strong growth over the same period: motor vehicle production increased by 22%; non-metallic mineral products increased by 16.5%; rubber and plastics increased by 16.4%; metal products increased by 15.5%; apparel increased by 13.5%; prefabricated metal products increased by 12.6%; paper and paper products increased by 11.6%; leather and chemical production both increased by 11.2%.
The Purchasing Managers' Index (PMI) report also showed that, despite disruptions caused by storms, Vietnam's manufacturing sector maintained growth. The output, new orders and employment continued to increase, despite higher input costs due to the impact of natural disasters. The November PMI for Vietnam's manufacturing sector reached 53.8 points, down slightly from 54.5 points in October, but still showing a strong improvement in business conditions. New export orders increased rapidly, reaching a 15-month high, mainly from mainland China and India.
Businesses increased their purchasing activity for the fifth consecutive month in response to rising output. Despite a slight increase in input inventories, goods were used effectively in production. Overall, businesses were optimistic about the outlook for output next year, with nearly half expecting an increase in output, with business sentiment at a 17-month high.
Andrew Harker, Chief Economist at S&P Global Market Intelligence, assessed that production growth by the end of 2025 is positive, despite the disruption to the supply chain due to weather. Businesses are hiring more employees at a faster pace to handle the workload, maintain growth and complete delayed projects.
Many international organizations also have optimistic assessments of Vietnam's economy. UOB Bank (Singapore) forecasts GDP in 2025 at 7.7%; HSBC forecasts 7.9%. OECD rates Vietnam among the fastest growing economies in Asia and the world.
In the economic and political context since the beginning of the year, opportunities, advantages and difficulties are intertwined, with increasing risks, fragmentation trends and increasingly fierce strategic competition, but the overall picture showed that businesses are resilient, dynamic and ready to seize opportunities for sustainable development. Enterprises are currently focusing on the goal, maintaining growth and preparing for new goals in 2026.
Talking to reporters of the Industry and Trade Newspaper, Mr. Nguyen Hoang, Chairman of the Hanoi Supporting Industry Enterprises Association (HANSIBA), said that the capital's enterprises not only master the production of domestic components but also have the capacity to participate in multinational supply chains and export to many international markets.
With the Party and State's policy foundation and the correct orientation of the supporting industry business community in general, enterprises are facing a historic opportunity to rise up, become a core industry, and make important contributions to the new growth target of the capital and the country. Industrial production is maintaining its growth momentum, enterprises are focusing on the goal, aiming for international standards and expanding export markets, which is also a testament to the resilience and competitiveness of Vietnamese enterprises.
CK
Source: VITIC/tradingeconomics.com