Vietnam’s index of industrial production (IIP) fell by 9.2 per cent month on month (MoM) and rose by 0.6 per cent year on year (YoY) in January, according to the General Statistics Office (GSO).
The manufacturing and processing sector grew by 1.6 per cent YoY in the month, while electricity production and distribution increased by 0.4 per cent YoY in the month.
The manufacturing and processing sector grew by 1.6 per cent YoY in the month.
Production of natural fibre fabric rose by 9.6 per cent YoY and clothing production went up by 5 per cent YoY in January.
Textile and footwear firms have secured orders for the first half of this year.
Textile and footwear companies have secured orders for the first half of this year.
Forty-seven cities and provinces recorded significant YoY growth, with noticeable industrial expansion witnessed in Nam Dinh province (29.9 per cent), Bac Kan (28.5 per cent), Ben Tre (24.2 per cent), Binh Phuoc (17 per cent), Kien Giang (16.6 per cent), and Hai Phong (16.3 per cent).
In the electricity production sector, Tra Vinh stood out with a 56 per cent surge while Khanh Hoa and Binh Thuan documented increases of 30.8 per cent and 20.6 per cent respectively.
Ca Mau saw a 16.3-per cent YoY drop in industrial production, followed by Gia Lai (13.2 per cent) and Ha Tinh (10.4 per cent). Major economic hubs also struggled with industrial production in the month, with Hanoi dropping by 9.8 per cent YoY, Ho Chi Minh City by 9.3 per cent and Da Nang by 8.9 per cent, a domestic news agency reported.
Furniture manufacturing increased by 10.6 per cent YoY in the month and leather and related item production by 10.3 per cent YoY. Production of natural fibre fabric rose by 9.6 per cent YoY and clothing production went up by 5 per cent YoY in January this year.
The number of workers in industrial enterprises saw a 0.2-per cent MoM increase, and a 4.5-per cent YoY rise as of January 1, 2025. Foreign-invested enterprises led employment growth, with a 4.9-per cent increase YoY.
Fibre2Fashion News Desk (DS)