Vietnam’s index of industrial production rose by 11.2 per cent YoY Q2 2026 and by 10.8 per cent YoY in H1 2026, official statistics show.
Industrial production posted its fastest H1 growth since 2019, while the Q2 growth was partly driven by the manufacturing sector, which grew by 11.3 per cent YoY.
Manufacturing remained the largest contributor in H1 2026, expanding by 11.4 per cent YoY.
This indicates that industrial production is recovering broadly, supported by stronger domestic consumption, exports and investment, a domestic news agency cited NSO director Nguyen Thi Huong as saying.
Manufacturing remained the largest contributor in 2026 first half, expanding by 11.4 per cent YoY and contributing 8.9 percentage points to the overall industrial growth.
The leather and related products sector rose by only 4 per cent YoY in H1 2026.
Industrial production increased across all 34 provinces and cities and market demand continued to improve as well.
The manufacturing consumption index rose by 10.8 per cent YoY in the first half, exceeding the growth recorded a year earlier, while the average inventory ratio fell to 82.2 per cent, down from 85.7 per cent in the corresponding period last year, indicating stronger sales and faster production turnover.
The labour market also showed positive signs, with employment at industrial enterprises increasing by 3.1 per cent YoY, including a 3.2 per cent rise in manufacturing, reflecting business confidence in further production expansion.
Fibre2Fashion News Desk (DS)
