Want to be in the loop?
subscribe to
our notification
Business News
AUTO OUTPUT JUMPS NEARLY 60%, BOOSTS INDUSTRIAL GROWTH
A worker assembles a car at an auto factory in Vietnam - PHOTO: ARCHIVES
HCMC – The index of industrial production (IIP) rose 8.5% in the first eight months of this year, driven by strong growth in automobile manufacturing, according to the National Statistics Office (NSO).
Automobile output increased 59.6% from a year earlier, the fastest growth among key industrial products. The sector became the main contributor to overall industrial expansion, the NSO said.
In August, the IIP picked up 2.2% from July and 8.9% from a year earlier. Manufacturing grew nearly 10%, while mining and power generation also posted gains.
The Government earlier this year issued Decree 21, extending a 0% preferential import tariff until 2027 on components and materials not produced domestically for the automotive supporting industry. Companies already participating in the program can continue to benefit without re-registration.
Other products also recorded growth, including televisions, up more than 20%, cement and leather footwear, each rising about 14%, and rolled steel, up nearly 12%. Natural gas, synthetic fibers and crude oil extraction declined.
All 34 provinces and cities surveyed reported higher industrial output from a year earlier. Employment in industrial enterprises continued to rise, particularly in foreign-invested firms and the manufacturing sector.
Source: The Saigon Times
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
Events Sponsors
