Want to be in the loop?
subscribe to
our notification
Business News
VIỆT NAM'S INDUSTRIAL PRODUCTION SEES 7.2% GROWTH IN TWO MONTHS
In February, the IIP saw a significant year-on-year increase of 17.2 per cent, though it experienced a month-on-month decline of 2.2 per cent, largely due to the timing of the Lunar New Year celebrations, which took place entirely in February last year.
Machinery components are manufactured at Vietnam Precision Industrial No. 1 Co. in Vĩnh Phúc Province. — VNA/VNS Photo Huy Hùng
HÀ NỘI — Việt Nam’s Index of Industrial Production (IIP) has risen by 7.2 per cent year-on-year in the first two months of 2025, according to the Ministry of Finance's General Statistics Office.
In February, the IIP saw a significant year-on-year increase of 17.2 per cent, though it experienced a month-on-month decline of 2.2 per cent, largely due to the timing of the Lunar New Year celebrations, which in 2024 took place entirely in February.
The manufacturing and processing sector led the growth with a 9.3 per cent year-on-year increase, while electricity production and distribution rose by 2.3 per cent and the water supply and wastewater treatment sector expanded by 8 per cent. However, the mining industry faced a 6.4 per cent decline.
Certain sectors saw notable IIP growth, including vehicle production (up 54 per cent), furniture (20 per cent), wood processing and production (13 per cent) and electronics, optical products and computers (10 per cent).
On the other hand, some industries experienced declines such as crude oil and natural gas exploitation (down 12 per cent), pharmaceutical chemicals and medicinal materials (down 10 per cent), petroleum coke and refined petroleum products (down 4 per cent) and tobacco (down 3 per cent).
The report also highlighted the top 10 localities with the highest IIP growth, led by Phú Thọ (47 per cent), Trà Vinh (41 per cent), Bắc Kạn (28 per cent), Bắc Giang (26 per cent), Hòa Bình (21 per cent), Thanh Hóa (19 per cent), Quảng Nam (18 per cent) and Nam Định (17 per cent). — VNS
Source: VNS
Related News

TOTAL REGISTERED FDI IN VIETNAM EXPANDS BY 35.5% IN JANUARY-FEBRUARY
Foreign direct investment (FDI) in Vietnam reached 6.9 billion USD in the first two months of 2025, marking a 35.5% year-on-year surge, according to the Foreign Investment Agency under the Ministry of Finance.

VIETNAM ECONOMIC NEWS INSIGHT & RECAP - FEBRUARY 2025
Vietnam’s economy continues into 2025 with a mix of optimism and challenges. The government has raised the 2025 growth target to 8%, showing strong confidence, but independent forecasts remain more cautious, expecting growth in the 6-7% range. While public investment and supportive policies are driving growth, Vietnam still faces hurdles such as financial risks, infrastructure gaps, and skill shortages. Addressing these structural issues will be crucial for long-term expansion.

VIETNAM AIMS FOR 454 BILLION USD EXPORT REVENUE AMIDST GLOBAL HEADWINDS
Vietnam has set an ambitious export target of 454 billion USD for 2025, a 12 per cent year-on-year increase, despite recent signs of deceleration in exports due to global economic pressures. Many experts believe that achieving this goal will require decisive actions from regulatory bodies and extraordinary efforts from businesses to overcome obstacles.

BREAKING BARRIERS FOR WOMEN ENTREPRENEURS IN VIETNAM
Women are at the helm of over 20% of businesses in Vietnam, with the rate of women-led or owned businesses expected to reach at least 30% by 2030. In line with Vietnam’s net zero commitments by 2050, many female entrepreneurs are leading efforts in sustainable production, waste reduction, and green supply chains.

LOW-VALUE IMPORTS NO LONGER EXEMPT FROM VAT
This policy change follows the rapid expansion of e-commerce, which has led to a significant rise in low-value imported goods. According to the Department of Vietnam Customs, in 2023, the total value of such imports (under VND1 million) via express delivery services amounted to VND27.7 trillion. With a 10% VAT rate applied, the State budget stands to gain an estimated VND2.7 trillion annually.

AGRITOURISM BECOMES MORE POPULAR
Agriculture tourism (agritourism) and rural tourism in Việt Nam, where tourists can engage in farm activities, have been attracting many visitors, helping local farmers increase their incomes and enhance the quality of Vietnamese agricultural products. The trend of agricultural and rural tourism is not only growing in many countries worldwide but is particularly suitable for Việt Nam, a country with vast agricultural land where over 62.7 per cent of the population lives in rural areas.