The Index of Industrial Production (IIP) for the whole of 2025 is estimated to have increased by 9.2% compared to the previous year that witnessed an 8.2% increase against 2023.
This is the highest growth rate recorded since 2019, according to a report on the socio-economic situation for the fourth quarter and the full year of 2025, announced on January 5 by the National Statistics Office, under the Ministry of Finance.
In 2025, manufacturing and processing rose by 10.5%, contributing 8.4 percentage points to the overall growth, while electricity production and distribution by 6.7%, contributing 0.6 percentage points; the water supply, waste, and wastewater management and treatment sector by 7.8%; and the mining industry by 0.5%, with both sectors contributing 0.1 percentage points each.
In the fourth quarter alone, the IIP growth rate was estimated at 9.9% year-on-year. Specifically, manufacturing and processing increased by 10.8%; electricity production and distribution by 8.0%; water supply and waste management by 5.3%; and mining by 3.4%.
Notably, compared to 2024, the 2025 IIP increased across all 34 provinces and centrally-run cities nationwide. Several of them recorded significant growth driven by strong performances in the manufacturing, processing, and electricity sectors.
Some key industrial products also saw high growth rate in 2025 compared to 2024: automobiles surged by 39.1%; rolled steel by 17.6%; televisions by 17.4%; aquaculture feed and casual wear both increased by 13.8%; cement by 13.6%; leather footwear by 13.3%; processed seafood by 11.1%; and NPK compound fertilizer by 10.7%.
Another positive indicator is the industrial workforce. As of December 1, 2025, the number of employees working in industrial enterprises increased by 0.8% compared to the previous month and by 2.4% compared to the same period of 2024.
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