Industrial production continued to be a key growth driver, with the Index of Industrial Production (IIP) rising 8.8 per cent year-on year (YoY) in May and 9.1 per cent during January-May, marking the highest five-month growth rate in four years, according to the National Statistics Office.
Manufacturing and processing expanded 9.5 per cent during the period, contributing 7.4 percentage points to overall industrial growth.
Vietnam’s economy maintained strong growth momentum in January-May 2026, supported by rising industrial production, strong trade activity, recovering domestic demand, and higher foreign investment inflows.
Manufacturing, retail sales, and business activity expanded steadily, while exports and imports recorded robust growth despite inflationary and macroeconomic challenges.
Registered foreign direct investment (FDI) rose 34.9 per cent to $24.81 billion, while disbursed FDI increased 9.6 per cent to $9.75 billion, the highest level recorded in five years.
Business activity remained strong, with over 94,800 newly established enterprises and nearly 47,800 firms resuming operations during January-May, taking the total number of new and re-entering businesses to more than 142,600.
Trade activity remained active, with total import-export turnover increasing 25 per cent year-on-year to $445.12 billion. Exports rose 19.5 per cent to $215.66 billion, while imports climbed 30.8 per cent to $229.46 billion, resulting in a trade deficit of $13.8 billion compared with a surplus of $5.1 billion a year earlier.
Fibre2Fashion News Desk (JP)
