Want to be in the loop?
subscribe to
our notification
Business News
AUTO OUTPUT JUMPS NEARLY 60%, BOOSTS INDUSTRIAL GROWTH
A worker assembles a car at an auto factory in Vietnam - PHOTO: ARCHIVES
HCMC – The index of industrial production (IIP) rose 8.5% in the first eight months of this year, driven by strong growth in automobile manufacturing, according to the National Statistics Office (NSO).
Automobile output increased 59.6% from a year earlier, the fastest growth among key industrial products. The sector became the main contributor to overall industrial expansion, the NSO said.
In August, the IIP picked up 2.2% from July and 8.9% from a year earlier. Manufacturing grew nearly 10%, while mining and power generation also posted gains.
The Government earlier this year issued Decree 21, extending a 0% preferential import tariff until 2027 on components and materials not produced domestically for the automotive supporting industry. Companies already participating in the program can continue to benefit without re-registration.
Other products also recorded growth, including televisions, up more than 20%, cement and leather footwear, each rising about 14%, and rolled steel, up nearly 12%. Natural gas, synthetic fibers and crude oil extraction declined.
All 34 provinces and cities surveyed reported higher industrial output from a year earlier. Employment in industrial enterprises continued to rise, particularly in foreign-invested firms and the manufacturing sector.
Source: The Saigon Times
Related News
VIETNAM ECONOMY INVESTMENT
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY
Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
MEMBER CORNER / PROMOTIONS
PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES
On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.
HOSPITALITY / TOURISM / ENTERTAINMENT
INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH
International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.
PROPERTY / INDUSTRIAL ZONE
HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS
HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.
VIETNAM ECONOMY INVESTMENT
VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY
Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.
Events Sponsors
