The highlight of industrial production in the second quarter of 2025 is that production grew quite high on the basis of high growth in the same period in 2024 (in the second quarter of 2024, the production index of the whole industry increased by 9.9%, the processing and manufacturing industry increased by 11.6%).
This result makes industrial production in the first 6 months of 2025 have a remarkable development with the highest growth rate in the period 2021-2025, reaching 9.2%.
According to the General Statistics Office, the model conversion Two-level local government, reducing intermediate levels and administrative procedures will create favorable conditions for businesses to be more proactive in building production and business plans. The war anti-counterfeiting The drastic implementation in recent times will stimulate businesses to boost production.
Besides, along with accelerating the progress of public investment projects, attracting foreign direct investment The increase in foreign direct investment (FDI) into the real estate industry will facilitate the industries producing construction materials such as cement, concrete, steel, etc. to continue to maintain positive growth momentum.
Manufacturing industries serving export needs such as electronics, textiles, garments, and footwear, Vietnam still has a relative advantage due to having reached a framework agreement with the US on lower export taxes than many other countries. FDI attraction in the processing and manufacturing industry still accounts for the largest proportion of FDI attraction in the first 6 months of the year, with electronics, computers, etc. playing a key role, showing that the processing and manufacturing industry is still the main driving force for industrial growth in the last 6 months of the year.
Besides the positive results, there are still some noteworthy points for industrial production in the first 6 months of 2025.
According to the General Statistics Office, the mining industry continued to decline in the previous years, down 3% in the first 6 months of the year compared to the same period last year. Notably, the crude oil and natural gas exploitation industry still decreased by a deep 8.2% (down 12.4% in the same period last year).
Some manufacturing industries, although still growing, tend to slow down in the second quarter of 2025, such as: wood processing and wood products industry increased by 16.2% in the first quarter, only 5.8% in the second quarter; production of beds, wardrobes, tables, and chairs increased by 12.6% in the first quarter, but increased lower in the second quarter, reaching 10.9%.
Another important indicator is that the inventory and inventory ratio of the manufacturing and processing industry is quite high, with an average of 85.7% in the first 6 months of 2025, much higher than the same period in 2024 at 76.9%.
With the above advantages and challenges, the General Statistics Office believes that Vietnam's industrial production will basically continue to grow in the second half of 2025, despite having to deal with many global challenges and costs.
The impetus will come from FDI in manufacturing, the shift to green technology and large-scale public investment. However, to maintain the high growth momentum, businesses and policies need to be flexible, proactive in responding and improving domestic supply chains.
Source: https://baoquangninh.vn/san-xuat-cong-nghiep-se-tiep-da-tang-truong-trong-nua-cuoi-nam-2025-3365689.html
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