(VOVWORLD) -The manufacturing and processing sector remains one of the vital pillars of Vietnam’s economic development, the backbone of national competitiveness. To achieve double-digit growth this year, Vietnam is aiming for an Industrial Production Index (IIP) growth of 12-14%.
 Vietnam’s processing and manufacturing sector grows 10% in 2025, making a major contribution to the national economic growth. (Photo: vneconomy.vn) |
Last year, the manufacturing and processing sector grew 10%, contributing nearly 32% to the national economy. Deep processing and high-tech manufacturing were dominant. Building on this momentum, from now until 2030 Vietnam is shifting from a scale-driven growth model to one based on depth and quality by improving industrial product value, reducing reliance on simple assembly, and increasing value along the manufacturing chain.
Quach Quang Dong, Deputy Director of the Vietnam Industry Agency at the Ministry of Industry and Trade, said that to achieve a GDP growth target of at least 10% this year, the Ministry is focusing on three groups of solutions. “First, we must fine-tune institutions, policies, laws, and development strategies for foundational, spearhead, and priority industries. Second, we’ll continue implementing support programs for businesses and put new industrial projects into operation to serve both export and domestic markets. Third, we’ll help enterprises capitalize on opportunities from major public investment projects,” said Dong.
 Quach Quang Dong, Deputy Director of the Vietnam Industry Agency at the Ministry of Industry and Trade |
A core strategy for the coming period is to promote digital transformation and innovation in manufacturing. Businesses are encouraged to increase investment in research and development, adopt new technologies, and master high-value core technologies. To Hoai Nam, Vice President of the Vietnam Association of Small and Medium Enterprises, said, “To achieve double-digit growth, we must focus on the digital economy, the green economy, innovation, and high-tech industries. Only through these drivers can we increase added value and fully leverage our competitive advantages.”
Many localities are racing to develop high-tech manufacturing and processing industries under ecological and sustainable models—shifting from simple assembly to high-value production in order to attract major technology groups and stimulate long-term economic growth. Khanh Hoa province is a prime example.
According to Tran Minh Chien, Head of the Khanh Hoa Economic Zone and Industrial Park Management Board, “To meet the requirements of high-tech, green, and sustainable industry, we have developed a plan to synchronize both technical and social infrastructure. This will ensure favorable conditions for investors while also serving the community and protecting the environment.”
 Jasan Vietnam Textile Dyeing Company, a Chinese-invested company in Pho Noi B Industrial Park, Hung Yen province (Photo: Dang Duy/nhandan.vn) |
To lay the groundwork for future growth, the Ministry of Industry and Trade is drafting a Supporting Industry Development Program through 2030 and launching modern technical centers to help Vietnamese businesses integrate into global supply chains.
Mr. Dong underscored the need to mobilize diverse sources of capital to achieve the IIP target of 12-14%, adding, “Industry requires large capital investment and has long capital turnover cycles, so we need more large-scale, high-efficiency projects in energy, mining, and foundational infrastructure in both the public and private sector to generate new momentum for industrial production.”
Manufacturing and processing are asserting their role as the central engine of Vietnam’s economic growth. Continued investment in this sector will be the key to boosting labor productivity, improving product quality, and sharpening Vietnam’s competitive edge in the global economy.