Industrial production index increased by 7.2%

According to the latest report on the socio-economic situation in February 2025 announced by the General Statistics Office this morning, March 6, industrial production in February 2025 is estimated to decrease by 2.2% compared to the previous month; increase by 17.2% over the same period last year.

In the first two months, the industrial production index increased by 7.2% over the same period last year. Notably, the processing and manufacturing industry increased by 20% over the same period. Photo: TT

In the first two months of 2025, the index of industrial production (IIP) increased by 7.2% over the same period last year.

Notably, in February 2025, the production index of the processing and manufacturing industry increased by 20% over the same period last year; electricity production and distribution increased by 9.9%; water supply, waste and wastewater management and treatment activities increased by 13.9%; and the mining industry alone increased by 0.4%.

In the first two months of 2025, IIP is estimated to increase by 7.2% over the same period last year (increased by 6.5% in the same period in 2024). Of which, the processing and manufacturing industry increased by 9.3% (increased by 6.6% in the same period in 2024), contributing 7.9 percentage points to the overall increase; the electricity production and distribution industry increased by 2.3% (increased by 13.7% in the same period in 2024), contributing 0.2 percentage points; the water supply, waste and wastewater management and treatment industry increased by 8.0% (increased by 1.4% in the same period in 2024), contributing 0.1 percentage points; the mining industry decreased by 6.4% (increased by 1.9% in the same period in 2024), reducing the overall increase by 1%.

In particular, the industrial production index in the first two months of 2025 of some key secondary industries increased compared to the same period last year: Production of motor vehicles increased by 53.5%; production of leather and related products increased by 22.5%; production of beds, cabinets, tables, and chairs increased by 19.8%; production of costumes increased by 15.3%; wood processing and production of products from wood, bamboo, rattan, etc. increased by 12.5%; textiles increased by 12.2%; production of other means of transport increased by 12.1%; production of rubber and plastic products increased by 11.3%; production of electronic products, computers, and optical products increased by 9.5%; food processing increased by 7.4%.

On the contrary, the IIP index of some industries decreased compared to the same period last year: Crude oil and natural gas exploitation decreased by 12.0%; production of drugs, pharmaceutical chemicals and medicinal materials decreased by 10.4%; production of coke and refined petroleum products decreased by 3.6%; production of tobacco products decreased by 2.8%; production of electrical equipment decreased by 1.7%.

Industrial production increased in 58 localities

The industrial production index in the first two months of 2025 compared to the same period last year increased in 58 localities and decreased in 5 localities nationwide. Some localities had a fairly high increase in the IIP index due to the high increase in the processing and manufacturing industry; the electricity production and distribution industry. On the contrary, some localities had a low increase or decrease in the IIP index due to the processing and manufacturing industry; the mining industry and the electricity production and distribution industry increased low or decreased.

Some key industrial products in the first two months of 2025 increased compared to the same period last year: Automobiles increased by 106.5%; televisions increased by 58.1%; natural fiber fabrics increased by 18.0%; motorbikes increased by 17.9%; casual clothes increased by 14.0%; leather shoes and sandals increased by 9.2%; aquatic feed increased by 7.2%; NPK mixed fertilizer increased by 6.9%; cement increased by 6.6%. On the contrary, some products decreased compared to the same period last year: Gaseous natural gas decreased by 15.8%; crude oil decreased by 8.1%; LPG decreased by 7.9%; gasoline decreased by 4.5%; rolled steel decreased by 3.0%; cigarettes decreased by 2.8%.