Vietnam’s Jan-Sep industrial production index up 0.3%
Vietnam’s index of industrial production (IIP) grew 0.3% year-on-year in the first nine months of this year, the General Statistics Office (GSO) reported Friday.
The growth followed a 0.4% fall in January-August, it said, adding that the nine-month performance was driven by increases of 0.2% in the manufacturing-processing sector, 2.6% in electricity production and distribution, and 4.9% in waste and wastewater supply and treatment.
However, the mining sector fell 3%.
The nation’s IIP rose 3.5% year-on-year in the third quarter, much higher than a contraction of 2.6% in Q1 and 0.2% in Q2, indicating continuous recovery.

Automaker VinFast's factory in Hai Phong city, northern Vietnam. Photo courtesy of VinFast.
The sectors with the highest year-on-year growth in Jan-Sept were tobacco with 9.6%, plastics and plastics products with 8.7%, goods made from prefabricated metal (except for machines and equipment) with 7.4%, and chemical and chemical products with 6.2%.
The report said that the worst performers were crude oil and natural gas exploitation at negative 3.6%, manufacturing of uncategorized machines and tools at negative 4%, manufacturing of vehicles with engines at negative 5.2%, and manufacturing of other vehicles at negative 7.2%.
Some sub-sectors with strong growth were sugar with 37.1%, fertilizers with 18.6% and television with 10.1%. Some of the notably poor performers were automobiles with negative 19.3%, steel bars with negative 14.4%, and mobile phones with negative 12.8%.
Locality-wise, the best performer was the Mekong Delta province of Tra Vinh with 24.7%, followed by northern provinces of Bac Giang with 17.4%, Phu Tho with 16%, Nam Dinh with 14%, and Ha Nam and Thai Binh with 12.6%.
The worst performers were the central province of Quang Nam with negative 29%, followed by northern provinces of Son La with negative 19.7%, Lai Chau with negative 17.6%, Ha Giang with negative 16.3%, and Bac Ninh with negative 13.8%.
135,100 firms exit
In the first nine months of this year, Vietnam welcomed 116,300 new businesses and 48,900 firms resumed operations for 165,200 new players in total, up 1.2% year-on-year.
The wholesale, retail and vehicle repair sectors recorded the highest number of new firms with 44,673, up 12.3% year-on-year; followed by manufacturing-processing with 13,861, down 5.4%; and construction with 23,456, up 2.1%.
Meanwhile, 135,100 others left the market, up 19.9% year-on-year, including 75,800 that suspended operations, 46,100 that initiated dissolution procedures and 13,200 that completed dissolution procedures.
The grouping of wholesale, retail and vehicle repair firms recorded the highest number of dissolved companies at 4,945, up 2.1% year-on-year; followed by manufacturing-processing with 1,454, down 11.1%; construction with 975, down 23.4%; and real estate businesses with 963, up 10.7%.
Retail, service revenues up 9.7%
The total revenue of retail and services sectors increased 9.7% year-on-year to VND4,567.8 trillion ($187.77 billion) in the first nine months. The 9.7% growth was significantly lower than the 20.9% recorded in the same period of 2022, but higher than the negative 0.7% and 5% in the same periods of 2020 and 2021, respectively, when the Covid-19 pandemic was at its peak.
Retail sales of VND3,572.1 trillion ($146.84 billion), up 8.4%, was the biggest revenue earner. Accommodation and restaurant services posted VND500.1 trillion ($20.56 billion), up 16%; and tourism earned VND26.5 trillion ($1.09 billion), up 47.7%, indicating a robust recovery. Other activities recorded a total revenue of VND469.1 trillion ($19.28 billion), up 11.5%.
- Read More
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7
Vietnam Education Publishing House faces challenges in curbing fake textbooks
The Vietnam Education Publishing House (VEPH) is encountering a range of difficulties in fighting counterfeit textbooks as the situation is becoming increasingly sophisticated and complex.
Companies - Wed, September 17, 2025 | 3:54 pm GMT+7
Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio
National flag carrier Vietnam Airlines has overtaken Vinamilk and Sabeco to become the largest holding in State Capital Investment Corporation's (SCIC) stock portfolio following the latest capital funding.
Finance - Wed, September 17, 2025 | 3:20 pm GMT+7
Hoa Phat Agriculture submits documents for IPO
Hoa Phat Agriculture Development JSC, a subsidiary of Hoa Phat Group, on Tuesday submitted documents for an IPO of its shares as early as December 2025.
Companies - Wed, September 17, 2025 | 3:03 pm GMT+7
Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam
Petrovietnam plans to develop an eco-energy and industrial center project in Can Tho city, the "heart" of the Mekong Delta, its representatives stated on Monday.
Energy - Wed, September 17, 2025 | 11:49 am GMT+7
Thailand - one of Southeast Asia’s fastest-growing markets for AI
Thailand has emerged as one of Southeast Asia’s fastest-growing markets for artificial intelligence (AI), with OpenAI reporting that weekly active users of ChatGPT in the country have quadrupled over the past year.
Southeast Asia - Wed, September 17, 2025 | 10:40 am GMT+7
MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam
Vietnam should establish a single regulatory focal point and adopt a more flexible sandbox regime to accelerate fintech innovation, said Nguyen Ba Diep, co-founder of e-wallet giant MoMo.
Finance - Wed, September 17, 2025 | 8:00 am GMT+7
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7
Lotte Shopping plans to open more shopping malls in Vietnam
South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.
Companies - Tue, September 16, 2025 | 9:25 pm GMT+7
Vietnam ratifies WTO Agreement on Fisheries Subsidies
Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.
Companies - Tue, September 16, 2025 | 9:21 pm GMT+7
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7