Industrial production gains momentum for breakthrough growth
Hanoi, Oct. 5 -- Vietnam's industrial production continued its two-digit growth in the third quarter of 2026, with the Index of Industrial Production (IIP) estimated to rise 14.8% year-on-year, according to the National Statistics Office under the Ministry of Finance. In the first nine months of 2026, IIP increased 12.3% year-on-year, the highest nine-month growth since 2019. Manufacturing and processing expanded 12.9%, continuing to serve as the main driver of overall industrial growth. All 34 provinces and centrally-run cities recorded positive IIP growth. Leading the way was Ha Tinh with 40.2%, followed by Ninh Binh at 25%, Thai Nguyen at 23.2%, and Phu Tho and Nghe An both at 21.5%. All four major industrial sectors posted growth, wit...
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