Manufacturing and processing output increasing 23.6% from a year earlier, accounting for the bulk of overall growth.

Vietnam’s industrial production index (IIP) in January posted
a strong growth of 21.5% compared to the same period last year, according to
the National Statistics Office.

Manufacturing and processing output rose 23.6% from a year
earlier, accounting for the bulk of overall growth. Electricity generation and
distribution increased 14.1%, while water supply and waste treatment activities
climbed 13.6%. Mining output was up 10.3%.

Several key industrial segments recorded sharp gains,
reflecting stronger domestic and overseas demand. Output of non-metallic
mineral products jumped 41.9% from a year earlier, followed by motor vehicle
production, up 36.6%, and basic metals, up 35.4%. Chemical products rose 35.2%,
paper and paper products gained 31.9%, and beverage production increased 26.1%.

Electronics-related manufacturing also showed solid
momentum, with output of electronic products, computers and optical products
rising 20.9%, while electrical equipment climbed 21.1%. Garment production rose
25.3%, and food processing increased 17.7%.

Industrial production rose in all 34 provinces and cities,
with many localities posting strong gains driven by manufacturing and power
generation.

VnEconomy-Huyền Vy