Vietnam's IIP up 17.2% YoY, down 2.2% MoM in Feb 2025

09 Mar '25

1 min read

Vietnam's IIP up 17.2% YoY, down 2.2% MoM in Feb 2025

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Vietnam's index of industrial production in February fell by 2.2 per cent month on month, but rose by 17.2 per cent YoY.
The index grew by 7.2 per cent over the past two months, with manufacturing and processing posting the highest growth rate at 9.3 per cent.
The IIP over two months also showed notable variation across localities, with 58 out of 63 cities and provinces recording increases.

Vietnam’s index of industrial production (IIP) in February this year dropped by 2.2 per cent month on month (MoM), but rose by 17.2 per cent year on year (YoY), according to the general statistics office (GSO).

The index grew by 7.2 per cent over the past two months, with manufacturing and processing posting the highest growth rate at 9.3 per cent.

Several key industries also recorded impressive growth rates compared to the same period last year. Electricity production and distribution rose by 2.3 per cent, while oil and gas extraction decreased by 12 per cent.

The IIP over two months also showed notable variation across localities, with 58 out of 63 cities and provinces recording increases.

Phu Tho, Bac Kan and Bac Giang provinces reported exceptional growth in manufacturing and processing, with the IIP increasing by 48.5 per cent, 41.4 per cent and 26.8 per cent respectively.

On the other hand, Tra Vinh, Hoa Binh and Quang Nam provinces witnessed strong growth in electricity production and distribution with IIP rates of 51.3 per cent, 43.6 per cent and 13.8 per cent respectively.

Fibre2Fashion News Desk (DS)