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Four months into 2026, the economy continues its recovery, supported by stronger industrial production, rising public investment disbursement, and a growing number of enterprises resuming operations. The General Statistics Office (GSO) said the industrial sector remains the main driver of growth.
In April, the industrial production index for the entire sector (IIP) increased by 3% from March and by 9.9% year-on-year. Over the first four months, IIP rose by 9.2%.
By sector, processing and manufacturing continued to lead, contributing the most to growth with a 9.9% increase. Electricity, water, and waste treatment rose by about 7–7.5%, while mining grew more slowly at around 4%.
The GSO noted that industrial production increased across all 34 localities, indicating a broad-based recovery. Several provinces recorded strong gains linked to processing industries, including Ninh Binh, Phu Tho, Ha Tinh, Nghe An, and Bac Ninh. Provinces with hydropower advantages such as Lai Chau and Son La also performed well due to the electricity sector.
Some localities rose more slowly, including Lang Son, Lao Cai, Quang Ngai, and Tuyen Quang, reflecting greater dependence on mining or electricity.
Market demand is also recovering, reflected in higher output of several items, including automobiles, motorcycles, steel, processed seafood, and beer.
Industrial workers increased by 1.1% month-on-month and by 3.6% year-on-year, suggesting firms are expanding production.
In the business sector, activity improved further. In four months, 77.8 thousand new enterprises were established, with growth in both the number and capital. Alongside 41.6 thousand enterprises resuming operations, the total number of enterprises entering the market surpassed 119.4 thousand, up 32.8%.
On average, about 29.9 thousand new or returning enterprises were formed or resumed operations each month. The average registered capital reached 10.1 billion VND per enterprise, up 6.2%, indicating an improvement in capital quality. Total registered capital injected into the economy reached nearly 1.9 quadrillion VND.
Public investment disbursement also picked up. In April, State budget investment reached about 54.8 trillion VND, up 8.2% year-on-year. Over four months, total disbursed capital reached 187.1 trillion VND, equivalent to nearly 20% of the annual plan and up 10.4%.
Localities accounted for most disbursement, with 161.7 trillion VND disbursed, up more than 11%. Commune-level disbursement posted the strongest growth, at about 23.5%.
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