Vietnam’s industrial production maintained double-digit growth in the first nine months of 2026, with the Industrial Production Index (IIP) estimated to rise 12.3% year on year, the highest nine-month growth rate since 2019, according to the National Statistics Office.
Industrial production in the third quarter increased an estimated 14.8% from a year earlier, with manufacturing and processing growing 15.3%.
For the January-September period, manufacturing and processing remained the main driver of industrial growth, expanding 12.9%, compared with 10.3% in the same period of 2025. The sector contributed 10 percentage points to the overall IIP increase.
Electricity production and distribution rose 10.6%, accelerating from 6.3% a year earlier and contributing 0.9 percentage points to overall growth. Water supply, waste management and wastewater treatment increased 9.3%, compared with 8.6% in the same period last year, contributing 0.1 percentage point.
The latest figures indicate that Vietnam’s industrial sector has strengthened considerably in 2026, with manufacturing continuing to provide the bulk of momentum.
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