Industrial production posts positive growth

Industrial production is a cornerstone of the economy, particularly for a country like Vietnam with a high export ratio. Encouragingly, in recent months, despite numerous domestic and international challenges, Vietnam’s growth rate has remained positive, with industrial production continuing to play a key role in advancing national growth targets.

Workers package products at a company in Long Binh ward, Dong Nai province. Photo: Vuong The

As the year-end approaches, enterprises are focusing on ramping up production to meet both domestic consumption and export demand. At the same time, the business community needs attention and support from the State to overcome challenges and obstacles, ensuring the successful fulfillment of production and business targets and plans.

Remain growth rate

In the first ten months of 2025, Vietnam’s industrial production recorded generally positive growth, particularly in the processing and manufacturing sectors. The Industrial Production Index (IIP) rose by 9.2% year-on-year, higher than the 8.3% increase recorded in the same period of 2024. The processing and manufacturing sector continued to play a leading role, growing by 10.5% and contributing 8.5% points to the overall increase.

Meanwhile, the Purchasing Managers’ Index (PMI) for Vietnam’s manufacturing sector, released by S&P Global (USA), rose to 54.5 in October from 50.4 in September, indicating a notable improvement in the sector’s overall health. This accomplishment signals a positive trend, suggesting that manufacturers may be increasing orders, ramping up production, and anticipating stronger future demand. S&P Global noted that Vietnam’s manufacturing sector experienced improved growth momentum at the start of the fourth quarter of 2025, with output and new orders rising sharply, inventories of purchased goods increasing again, and business confidence reaching a 16-month high.

Within Dong Nai’s economic structure, the industrial sector remains a key driver of growth, following the administrative merger, aligning with the province’s orientation toward industrialization and modernization, which is linked to sustainable development.

In line with the national trend, Dong Nai’s Industrial Production Index (IIP) rose by 14.38% in the first ten months of 2025 compared to the same period in 2024, according to data from the Dong Nai Statistics Office.

According to Cao Dang Vien, Head of Dong Nai Statistics Office, the growth was driven by a stable macroeconomic environment, flexible governance, a rebound in orders across various sectors, and the signing of new production contracts by many enterprises. Several industrial products experienced substantial increases in output compared to the same period last year, thanks to market expansion and new contracts, with some enterprises accelerating production to meet rising customer demand.

Industrial production is growing, and with the year-end production season underway, many enterprises also plan to recruit additional workers. According to the Dong Nai Employment Service Center, in the fourth quarter of 2025, businesses in the province are expected to require approximately 55,000 workers, averaging around 16,000 per month.

Accompanying to resolve difficulties and obstacles

At a government meeting with localities to review the results of October 2025, Prime Minister Pham Minh Chinh stated that the global situation remains highly unpredictable. Retaliatory tariff policies from the United States pose considerable uncertainty and risk, while several domestic manufacturing sectors continue to face challenges. Therefore, to achieve the high growth targets set, it is essential to implement a coordinated set of measures, with a focus on maintaining macroeconomic stability, controlling inflation, ensuring the major economic balances, and laying a solid foundation for rapid and sustainable growth.

Candy production at Domilk JSC (Long Thanh commune, Dong Nai province). Photo: Vuong The

For Dong Nai, the growth target for 2025 is 10%. To achieve this, the province must reach a growth rate of 12.8% in the fourth quarter, a challenging task. In addition to accelerating public investment disbursement, expediting the construction of key transport infrastructure and social housing projects, and reviving the real estate market, industrial production remains a central focus and a key driver of sustainable growth.

At a specialized conference organized by the Dong Nai Provincial Party Committee on November 8 on key tasks and solutions for the final months of the year aimed at achieving double-digit economic growth in 2025, Vu Ngoc Long, Director of the Department of Industry and Trade, outlined several tasks for the sector during the last two months of the year. To promote industrial production within the province, in addition to developing the domestic market and strengthening trade promotion, the Department of Industry and Trade will continue to monitor and work alongside the export sectors.

According to Vu Ngoc Long, the Department will review and compile data on groups of affected enterprises; coordinate with the Ministry of Industry and Trade and relevant industry associations to promptly disseminate market information, provide tax consulting, and guidance on rules of origin. It will continue to work with large-scale manufacturing and exporting enterprises to address challenges and promote industrial growth in response to the impacts of U.S. retaliatory tariff policies. The Department will also promptly advise and propose amendments or supplements to relevant mechanisms and policies to competent authorities.

Dong Nai is also stepping up guidance for enterprises to diversify markets and products, avoiding over-reliance on a single market. At the same time, it organizes training sessions and workshops on new trade barriers, environmental and labor standards, supporting the issuance of green and low-carbon certifications for export products. The Department of Industry and Trade proposes that the province provide preferential financial support and green financing for enterprises investing in environmentally friendly technologies, reducing production costs and enhancing competitiveness.

By Vuong The – Translated by Thu Hien, Minho