The office’s quarterly survey for Q3 of 2025, which focused on manufacturing and processing firms, shows widespread optimism. Foreign direct investment (FDI) enterprises are the most optimistic, with 81% forecasting better or stable conditions in Q3.

The processing and manufacturing industry is the main pillar of industrial growth.

Confidence is similarly high among domestic private firms (80.7%) and state-owned enterprises (79.8%). More businesses believe in an upward trend in production volume, new orders and, especially, export orders.

Despite the upcoming US reciprocal tariffs on Vietnamese exports, 30.8% of firms expect an increase in new export orders in Q3, while 51% foresee stable demand and 18.2% predict a decline.

Phi Thi Huong Nga, head of the NSO’s Industrial and Construction Statistics Department, noted that the next few months are crucial for production growth ahead of consumer demand peaks during the year-end holidays in the US and Europe.

Nguyen Viet Thang, CEO of Hoa Phat Group, explained that though the US tariffs may drive hot-rolled coil (HRC) steel prices above 900 USD per tonne, export deals remain profitable.

However, Hoa Phat still prioritises the domestic market, which accounts for 80% of its sales. Hoa Phat is also expanding its Dung Quat 2 Plant, with full capacity expected by Q4 this year.

This will boost its HRC output to 8.6 million tonnes annually, and the company is targeting high-quality and specialty steel segments to enhance long-term value.

Domestically, the ongoing transition to a two-tier local government system and administrative reforms are reducing bureaucracy for businesses and helping them better plan production.

Additionally, the strong crackdown on counterfeit goods is encouraging legitimate manufacturers to expand. However, the NSO pointed out that industrial production still faces considerable challenges.

Volatile global oil and gas prices and shifting trade policies may raise production costs and disrupt supply chains, thus eroding businesses' competitiveness.

Furthermore, the push for cleaner manufacturing, coupled with greater IT application and smart production, requires significant investment, presenting a financial burden for many firms. Surveyed businesses identified weak domestic demand and local products' competitiveness as the biggest factors affecting their operations.

Other challenges include low international demand, financial constraints, difficulties in recruiting suitable labour, and competition with imports. To alleviate pressure and ensure business resilience through the remainder of the year, Nga noted that fewer companies are calling for interest rate cuts compared to Q1 (down 1.7 percentage points), but 38.7% still seek further lending rate reductions.

Additionally, 31.8% of firms urge the government to take more effective measures to stabilise raw material and energy prices, particularly electricity, which has seen multiple price hikes since October 2024, adding strain to production budgets.

On administrative reform, 25.9% of companies want further streamlining procedures, especially in motorised vehicle manufacturing (33.3%), wood processing (48.6%), and metal production (32.2%). Meanwhile, 25.4% call for stabilising raw material supply chains.

Industrial park enterprises consume over 100 tonnes of lychee

BAC NINH - In an effort to support farmers and implement the provincial leadership’s directive to boost lychee consumption within industrial park enterprises, the Bac Ninh Industrial Park Authority cooperated with the Department of Industry and Trade and various businesses and cooperatives to promote lychee sales directly at companies.

Bac Ninh industrial park authority established

BAC NINH - Deputy Prime Minister Tran Hong Ha has signed Decision No. 1458/QD-TTg to establish the Bac Ninh Industrial Park Authority.

Luc Ngan Lychee Week attracts workers at industrial parks

BAC GIANG – As part of “Luc Ngan Lychee Week,” Bac Giang’s Department of Industry and Trade set up promotional booths near factories and worker housing areas in Van Trung Industrial Park and Noi Hoang ward on June 12. Lychees are made available during workers’ shift breaks, with strong interest from both local and foreign customers, including Chinese buyers.

"Luc Ngan Lychee Week" launched in Bac Giang’s industrial parks

BAC GIANG - To diversify the forms of lychee consumption, the Department of Industry and Trade coordinated with the Bac Giang provincial Industrial Park Management Board and the People's Committees of districts and township: Tan Yen, Luc Ngan, Chu to implement "Luc Ngan Lychee Week" in industrial parks in the province, starting at 4:00 p.m. on June 12, 2025.

Bac Giang’s industrial production value increases strongly in May

BAC GIANG – The industrial production in Bac Giang continued to grow significantly in May, led by strong performance in sectors such as electronics, electronic components, garments, and beverages. 

Bac Giang to complete land clearance for 22 industrial clusters in June

BAC GIANG- There have been 55 industrial clusters established in northern province of Bac Giang with the total area of 2,300 hectares (including nearly 1,500 hectares of industrial land). To date, 957 hectares of land in 34 industrial clusters (totaled 1,800 hectares) have not been completed land clearance.