Vietnam’s Index of Industrial Production (IIP) rose 9% year-on-year in the first quarter of 2026, marking the strongest growth in seven years, according to the National Statistics Office (NSO).
The expansion was driven mainly by the manufacturing and processing sector, which grew 9.7% and contributed 7.6 percentage points to overall IIP growth.
Electricity production and distribution increased 6.3%, contributing 0.6 percentage points. The water supply and waste and wastewater management sector rose 7.8%, adding 0.1 percentage points, while mining expanded 4.7%, contributing 0.7 percentage points.
Industrial production growth was recorded across all 34 localities.
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