In February 2025, the processing and manufacturing industry increased by 20% compared to the same period.

In the first two months, the industrial production index increased by 7.2% compared to the same period last year. Notably, the manufacturing sector increased by 20% year-on-year. Photo: TT

Overall, in the first two months of 2025, the industrial production index (IIP) increased by 7.2% compared to the same period last year.

Notably, in February 2025, the manufacturing sector's production index increased by 20% compared to the same period last year; electricity production and distribution increased by 9.9%; water supply, waste management and wastewater treatment increased by 13.9%; and the mining sector alone increased by 0.4%.

Overall, in the first two months of 2025, the Industrial Production Index (IIP) is estimated to increase by 7.2% compared to the same period last year (compared to a 6.5% increase in the same period of 2024). Specifically, the manufacturing sector increased by 9.3% (compared to a 6.6% increase in the same period of 2024), contributing 7.9 percentage points to the overall increase; the electricity production and distribution sector increased by 2.3% (compared to a 13.7% increase in the same period of 2024), contributing 0.2 percentage points; the water supply, waste management and wastewater treatment sector increased by 8.0% (compared to a 1.4% increase in the same period of 2024), contributing 0.1 percentage points; and the mining sector decreased by 6.4% (compared to a 1.9% decrease in the same period of 2024), reducing the overall increase by 1 percentage point.

In particular, the industrial production index for the first two months of 2025 in several key second-level industries increased compared to the same period last year: Motor vehicle production increased by 53.5%; leather and related products production increased by 22.5%; bed, wardrobe, table, and chair production increased by 19.8%; garment production increased by 15.3%; wood processing and production of products from wood, bamboo, and rattan increased by 12.5%; textiles increased by 12.2%; production of other transport equipment 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%; and food processing increased by 7.4%.

Conversely, the Industrial Production Index (IIP) of several sectors decreased compared to the same period last year: Crude oil and natural gas extraction decreased by 12.0%; pharmaceutical and medicinal product manufacturing decreased by 10.4%; coke and refined petroleum product manufacturing decreased by 3.6%; tobacco product manufacturing decreased by 2.8%; and electrical equipment manufacturing decreased by 1.7%.

Industrial production increased in 58 localities.

The industrial production index (IIP) for 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 experienced relatively high increases in the IIP due to strong growth in the manufacturing and processing industry and the electricity production and distribution sector. Conversely, some localities saw low increases or decreases in the IIP due to low increases or decreases in the manufacturing and processing industry, the mining industry, and the electricity production and distribution sector.

Several key industrial products showed increases in the first two months of 2025 compared to the same period last year: automobiles increased by 106.5%; televisions by 58.1%; textiles made from natural fibers by 18.0%; motorcycles by 17.9%; everyday clothing by 14.0%; leather shoes and sandals by 9.2%; aquatic feed by 7.2%; NPK compound fertilizer by 6.9%; and cement by 6.6%. Conversely, some products decreased compared to the same period last year: natural gas decreased by 15.8%; crude oil extraction decreased by 8.1%; liquefied petroleum gas (LPG) decreased by 7.9%; gasoline and diesel decreased by 4.5%; rolled steel decreased by 3.0%; and cigarettes decreased by 2.8%.