WB: Vietnam’s Economy Registers Strong Growth of 13.7%
	Vietnam’s Economy Sees Positive Signs at the Beginning of 2024

According to information released by the General Statistics Office (Ministry of Finance), in the first four months of 2026, Vietnam’s economy has continued to show positive signs. (illustrative photo: Duc Thanh)

Industrial production up 9.2% in the first four months of 2026

Industrial production in April 2026 maintained a positive trend, with the Index of Industrial Production (IIP) rising by 3.0% compared to the previous month and 9.9% year-on-year. Overall, in the first four months of the year, the IIP increased by 9.2%, reflecting a steady recovery and expansion of the industrial sector.

The manufacturing and processing industry continued to play a leading role, growing by 9.9% and contributing 7.8 percentage points to the overall increase. Electricity production and distribution rose by 7.5%, water supply and waste treatment by 7.4%, and mining by 4.0%.

Another positive point is that the IIP recorded growth in all 34 localities, indicating the broad-based expansion of industrial activities nationwide. Several localities posted strong growth thanks to manufacturing and electricity production, including Ninh Binh, Phu Tho, Ha Tinh, Nghe An, and Bac Ninh. Hydropower-rich localities such as Lai Chau and Son La also saw strong increases in electricity output, contributing positively to overall growth.

Conversely, some localities experienced lower growth rates, including Lang Son, Lao Cai, Quang Ngai, and Tuyen Quang, mainly due to their reliance on slow-growing or declining sectors such as mining and electricity.

Notably, many key industrial products continued to record strong growth, including motorcycles, automobiles, steel, processed seafood, and beer, indicating a recovery in both domestic and export demand.

In addition, the labor market in the industrial sector showed positive signals, with the number of employees in enterprises increasing by 1.1% compared to the previous month and 3.6% year-on-year, suggesting that businesses are expanding production.

An average of 29.9 thousand enterprises established or resumed operations per month

Enterprise registration situation in the first four months of 2026 compared to the same period in 2025. Source: General Statistics Office, Ministry of Finance.

According to the General Statistics Office, in the first four months of the year, 77.8 thousand new enterprises were established, with total registered capital reaching nearly VND 785.4 trillion and employing 356.9 thousand workers. This marked a strong increase compared to the same period in 2025, particularly a 60.1% rise in registered capital and a 50.7% increase in the number of enterprises.

In addition, 41.6 thousand enterprises resumed operations, up 8.6%. As a result, from the beginning of the year to date, more than 119.4 thousand enterprises were newly established or resumed operations nationwide, up 32.8% year-on-year. On average, 29.9 thousand enterprises were established or resumed operations each month.

Notably, the average registered capital per enterprise reached VND 10.1 billion, up 6.2%, indicating an improvement in the quality of capital entering the market. Total additional registered capital injected into the economy reached nearly VND 1.9 quadrillion, up 4.2%.

Accelerating public investment disbursement to drive growth

Since the beginning of the year, ministries, sectors, and localities have been making strong and determined efforts to accelerate the disbursement of state budget investment, thereby contributing to economic growth. State budget-funded investment disbursement in April 2026 was estimated at nearly VND 54.8 trillion, up 8.2% year-on-year.

Overall, in the first four months of 2026, state budget-funded investment was estimated at VND 187.1 trillion, equivalent to 19.7% of the annual plan and up 10.4% year-on-year (the same period in 2025 reached 16.7% and grew by 20.5%). Of this, centrally managed investment reached an estimated VND 25.4 trillion, accounting for 12.5% of the annual plan and increasing by 4.6% year-on-year.

Locally managed investment reached an estimated VND 161.7 trillion, accounting for 21.6% of the annual plan and rising by 11.4% year-on-year. Specifically, provincial-level state budget investment totaled VND 125.3 trillion, equivalent to 21.3% of the plan and up 8.3% compared to the same period in 2025; commune-level state budget investment reached VND 36.4 trillion, equivalent to 22.7% and up 23.5%.

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