Industry recovers strongly, import and export grow impressively

According to the General Statistics Office, industrial production in the first five months of 2025 is estimated to have increased by 8.8% over the same period last year. Import-export activities also recorded strong growth, with a trade surplus of 4.67 billion USD.

Industrial production recovers positively

According to a report released by the General Statistics Office on June 6, the index of industrial production (IIP) for the entire industry in May 2025 is estimated to increase by 9.4% over the same period last year. Compared to the previous month, this index increased by 4.3%.

In the first 5 months of 2025, IIP is estimated to increase by 8.8% over the same period last year (same period in 2024 increased by 7.1%).

The main growth driver came from the processing and manufacturing industry with an increase of 11% over the same period last year. (Photo: Vietnamplus)

The main growth driver came from the processing and manufacturing sector with an increase of 10.8%, contributing 8.8 percentage points to the overall growth. Other sectors that also grew included electricity production and distribution (up 4.2%); water supply, waste and wastewater management and treatment (up 10.0%). In contrast, the mining sector decreased by 3.4%, reducing the overall growth by 0.6 percentage points.

Some key secondary industries recorded high growth such as: motor vehicle manufacturing (up 34.3%); leather and related products manufacturing (up 16.8%); rubber and plastic products manufacturing (up 16.1%). On the other hand, some industries decreased including crude oil and natural gas exploitation (down 8.8%); pharmaceutical, chemical and medicinal materials manufacturing (down 6.1%).

According to the report, the number of workers working in industrial enterprises as of May 1, 2025 increased by 4.5% compared to the same period last year.

Industrial production in the first 5 months of 2025. (Photo: General Statistics Office)

Import and export growth, maintaining trade surplus

According to the report, in the first 5 months of 2025, the total import and export turnover of goods reached 355.79 billion USD, an increase of 15.7% over the same period last year.

Of which, export turnover reached 180.23 billion USD, up 14.0%. Import turnover reached 175.56 billion USD, up 17.5%. The trade balance of goods recorded a trade surplus of 4.67 billion USD.

The foreign-invested economic sector (including crude oil) continued to be the main driving force, with export turnover reaching 130.61 billion USD, accounting for 72.5% of total turnover.

In terms of markets, the United States is Vietnam's largest export market with a turnover of 57.2 billion USD. According to the report, Vietnam had a trade surplus of 49.9 billion USD with the United States and 16.3 billion USD with the EU.

On the other hand, China is the largest import market, with a turnover of 69.4 billion USD. Vietnam's trade deficit with China was 45.9 billion USD, up 40.3% over the same period last year.

Source: https://thoidai.com.vn/cong-nghiep-phuc-hoi-manh-xuat-nhap-khau-tang-truong-an-tuong-214055.html