Industrial production index increased by 9.3%, businesses focused on reaching the finish line

Enterprises proactively stock up and maintain production rhythm

As a company operating in the field of manufacturing computers with Vietnamese brands, talking to reporters of Cong Thuong Newspaper, Mr. Tran Nam Hai, Deputy General Director of Thanh Giong Computer and Communications Joint Stock Company, said that this year, the company has encountered great difficulties due to the broken supply chain of components, especially semiconductor chips. The prices of these components have increased two to three times compared to the beginning of the year, directly affecting production costs and market demand. This situation has strongly affected the company's operations, creating great pressure on the development plan for the year.

Industrial production in November continued to maintain a positive growth trend as businesses increased production to prepare goods to serve domestic consumption and export needs at the end of the year. Illustrative photo

Immediately after receiving information about the risk of disruption in the supply of electronic chip components, the company proactively focused all its resources on importing a reserve in advance to ensure production and business in 2025. Currently, the company is also focusing on year-end production orders as well as building a plan for the new year with a growth target of about 10% compared to the previous year.

In the field of mechanical engineering, Bao Minh Chau Industrial Joint Stock Company also maintained stable output and was ready to expand production when the market recovered. Mr. Nguyen Quang Thang, Director of the company, said that after a long period of impact by the Covid-19 epidemic, current revenue was only equivalent to the previous year due to the market still facing many difficulties. To seize market opportunities in the coming time, the company is implementing a project to build factories to produce electrical cabinets that meet international standards. This is an important step to improve production capacity and meet the strict requirements of the international market. The company is actively seeking investment capital to build factories, while streamlining operations and focusing on improving product quality.

The end of the year also witnessed a more vibrant labor market. Accordingly, recruitment demand increased sharply during the peak period to meet the shopping and consumption needs during the holidays and Tet. The fields of e-commerce, tourism , restaurants, and the manufacturing sector all increased recruitment to complete year-end orders. A representative of Sunhouse Group Joint Stock Company said that due to expanding production scale, it announced the need to recruit 50 technical positions in operations, warehouses, and logistics. The company offers attractive bonus policies for new employees and labor referrals to attract quality personnel.

Industrial production maintains growth momentum, preparing for 2026

According to the General Statistics Office, industrial production in November 2025 continued to grow positively as businesses increased production and prepared goods to serve domestic consumption and export needs at the end of the year.

Specifically, the industrial production index (IIP) in November increased by 2.3% compared to the previous month and by 10.8% compared to the same period last year. In the first 11 months of 2025, the IIP of the whole industry increased by 9.3% compared to the same period, of which the processing and manufacturing industry increased by 10.6%; the water supply and waste treatment industry increased by 8.4%; the electricity production and distribution industry increased by 6.5%; and the mining industry increased by 0.9%.

Many key secondary industries also recorded strong growth compared to the same period: motor vehicle production increased by 22%; non-metallic mineral products increased by 16.5%; rubber and plastic increased by 16.4%; metal products increased by 15.5%; garments increased by 13.5%; prefabricated metal products increased by 12.6%; paper and paper products increased by 11.6%; leather and chemical production both increased by 11.2%.

The Purchasing Managers' Index™ (PMI®) report also showed that despite disruptions caused by storms, Vietnam's manufacturing sector maintained growth. Output, new orders and employment continued to increase, despite higher input costs due to the impact of natural disasters. The November PMI for Vietnam's manufacturing sector reached 53.8 points, down slightly from 54.5 points in October, but still showing a strong improvement in business conditions. New export orders increased rapidly, reaching a 15-month high, mainly from mainland China and India.

Businesses increased their purchasing activity for the fifth consecutive month in response to rising output. Despite a slight increase in input inventories, goods were used effectively in production. Overall, businesses were optimistic about the outlook for output next year, with nearly half expecting an increase in output, with business sentiment at a 17-month high.

Andrew Harker, chief economist at S&P Global Market Intelligence, sees positive manufacturing growth through 2025, despite weather-related supply chain disruptions. Businesses are hiring more workers at a faster pace to handle the workload, maintain growth, and complete delayed projects.

Many international organizations also have optimistic assessments of Vietnam's economy. UOB Bank (Singapore) forecasts GDP growth of 7.7% in 2025; HSBC forecasts 7.9%. OECD rates Vietnam among the fastest growing economies in Asia and the world .

In the economic and political context since the beginning of the year, opportunities, advantages and difficulties have been intertwined, with increasing risks, fragmentation trends and increasingly fierce strategic competition, etc. However, the overall picture shows that businesses are resilient, dynamic and ready to seize opportunities for sustainable development. Focusing on the finish line, maintaining growth and preparing for new goals in 2026 is being implemented by businesses at this time.

Speaking to a reporter from the Industry and Trade Newspaper, Mr. Nguyen Hoang, Chairman of the Hanoi Supporting Industry Enterprises Association (HANSIBA), said that the capital's enterprises not only master the production of domestic components but are also capable of participating in multinational supply chains and exporting to many international markets.

With the Party and State's policy foundation and the correct orientation of the supporting industry business community in general, enterprises are facing a historic opportunity to rise up, become a core industry, and make important contributions to the new growth target of the Capital and the country. Industrial production is maintaining its growth momentum, enterprises are focusing on reaching the finish line, aiming for international standards and expanding export markets, this is also a testament to the resilience and competitiveness of Vietnamese enterprises.

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