Vietnam's industrial engine is roaring to life, powering one of Southeast Asia's most remarkable economic success stories with its manufacturing sector alone contributing over 84% of industrial production value.
Key Takeaways
- Vietnam's manufacturing sector grew by 9.8% year-on-year in the first half of 2023
- The manufacturing industry accounted for 84.5% of Vietnam's total industrial production value in 2022
- Vietnam's manufacturing output reached VND 3,200 trillion in 2022
- Vietnam's construction sector grew by 5.8% in 2022
- Construction investment reached VND 3,100 trillion in 2022
- Construction contributed 5.9% to GDP in 2022
- Vietnam's electricity production reached 265.3 billion kWh in 2022
- Renewable energy capacity hit 16.5 GW in 2022
- Coal-fired power generation 110 billion kWh in 2022
- Vietnam's mining sector output value VND 700 trillion in 2022
- Coal production reached 40.7 million tons in 2022
- Bauxite ore mining 5.2 million tons in 2022
- Vietnam's water supply production 3.5 billion m3 in 2022
- Wastewater treatment capacity 2 million m3/day in 2022
- Clean water access rate 88% urban in 2022
Vietnam's industrial growth is strong, driven by expanding manufacturing, construction, and energy sectors.
Construction
1Vietnam's construction sector grew by 5.8% in 2022
Verified2Construction investment reached VND 3,100 trillion in 2022
Verified3Construction contributed 5.9% to GDP in 2022
Verified4Public construction projects numbered 12,500 in 2022
Directional5Construction sector IPI increased 4.2% YoY in Q3 2023
Single source6Real estate construction grew 3.7% in 2022
Verified7Construction employment at 7.1 million workers in 2022
Verified8Infrastructure construction spending up 10% in 2023
Verified9Residential construction permits issued: 150,000 units in 2022
Directional10Highway construction length added 1,200 km in 2022-2023
Single source11Construction materials production up 6.5% in 2022
Verified12Bridge construction projects: 500 completed in 2022
Verified13Construction FDI inflows $4.2 billion in 2022
Verified14Urban construction area expanded by 12% in 2022
Directional15Industrial zone construction: 400 new zones planned by 2030
Single source16Construction cost index rose 4.8% in 2023
Verified17Port construction capacity added 50 million tons in 2022
Verified18Hospital construction investments VND 100 trillion in 2022-2025 plan
Verified19School construction: 5,000 new classrooms built in 2022
Directional20Railway construction: 200 km high-speed rail planned start 2023
Single source21Apartment construction completions: 120,000 units in 2022
Verified22Dam and reservoir construction: 10 new projects in 2022
Verified23Office building construction area 2.5 million sqm in 2022
Verified24Hotel construction pipeline: 15,000 rooms by 2025
Directional25Airport construction expansions at 22 airports in 2022
Single sourceConstruction Interpretation
Vietnam is laying the literal and economic foundation for its future, with a construction sector growing at a brisk 5.8% and employing 7.1 million workers to build everything from highways and homes to hospitals, signaling a nation building itself up from the ground at a remarkable pace.
Energy
1Vietnam's electricity production reached 265.3 billion kWh in 2022
Verified2Renewable energy capacity hit 16.5 GW in 2022
Verified3Coal-fired power generation 110 billion kWh in 2022
Verified4Hydropower output 50.2 billion kWh in 2022
Directional5Solar power capacity installed 16.5 GW by end-2022
Single source6Gas power plants produced 15 billion kWh in 2022
Verified7Electricity consumption grew 3.5% YoY in 2023 Q1
Verified8Wind power capacity reached 4.5 GW in 2023
Verified9EVN's electricity sales 240 billion kWh in 2022
Directional10Energy sector IPI up 10.2% in 2022
Single source11Crude oil production 8.5 million tons in 2022
Verified12LNG import terminals under construction: 3 by 2025
Verified13Electricity tariff average 2,108 VND/kWh in 2023
Verified14Biomass energy capacity 500 MW in 2022
Directional15Power grid losses 6.5% in 2022
Single source16Nuclear power feasibility study for 4 GW by 2030
Verified17Diesel power generation 2 billion kWh in 2022
Verified18Offshore wind potential 600 GW estimated
Verified19Electricity export to Laos 2.5 billion kWh in 2022
Directional20Smart grid investments $1 billion in 2022-2025
Single source21Coal imports for power 50 million tons in 2022
Verified22Energy intensity GDP ratio 0.12 koe/USD in 2022
VerifiedEnergy Interpretation
Vietnam's electricity sector is sprinting into a renewable future with its left foot while its right foot remains firmly planted in a coal-fired past.
Manufacturing
1Vietnam's manufacturing sector grew by 9.8% year-on-year in the first half of 2023
Verified2The manufacturing industry accounted for 84.5% of Vietnam's total industrial production value in 2022
Verified3Vietnam's manufacturing output reached VND 3,200 trillion in 2022
Verified4Processing and manufacturing sub-sector increased by 11.2% in Q4 2022
Directional5Vietnam exported $371.8 billion worth of manufactured goods in 2022
Single source6Manufacturing employment in Vietnam stood at 12.5 million workers in 2022
Verified7The index of industrial production in manufacturing rose 8.7% in 2023's first nine months
Verified8Vietnam's manufacturing PMI averaged 52.3 points in 2023, indicating expansion
Verified9Heavy industry manufacturing grew 10.1% YoY in August 2023
Directional10Vietnam's manufacturing sector FDI reached $20.5 billion in 2022
Single source11Manufacturing value added grew 7.6% in 2022
Verified12Vietnam produced 28.5 million tons of steel in manufacturing in 2022
Verified13Electronics manufacturing exports hit $114 billion in 2022
Verified14Footwear manufacturing output increased 15% YoY in 2023 Q1
Directional15Vietnam's manufacturing capacity utilization rate was 76% in 2022
Single source16Rubber products manufacturing grew 12.3% in 2022
Verified17Plastic products manufacturing output up 9.5% YoY in 2023
Verified18Furniture manufacturing exports reached $15.2 billion in 2022
Verified19Cement manufacturing production was 95.2 million tons in 2022
Directional20Pharmaceutical manufacturing grew 8.2% in 2022
Single source21Metal products manufacturing index up 7.9% in nine months of 2023
Verified22Paper and cardboard manufacturing output increased 6.4% YoY in 2023
Verified23Leather goods manufacturing employment at 1.2 million in 2022
Verified24Machinery manufacturing grew 11.5% in Q3 2023
Directional25Food processing manufacturing share 20% of industrial output in 2022
Single source26Beverage manufacturing production up 5.8% YoY 2023
Verified27Tobacco manufacturing revenue VND 50 trillion in 2022
Verified28Printing industry manufacturing index 4.2% growth in 2022
Verified29Non-metallic minerals manufacturing up 9.1% in 2023 H1
Directional30Electrical equipment manufacturing exports $50 billion in 2022
Single sourceManufacturing Interpretation
Vietnam's manufacturing sector is roaring ahead like a well-oiled machine, not just building everything from smartphones to shoes, but building an entire economic powerhouse in the process.
Mining
1Vietnam's mining sector output value VND 700 trillion in 2022
Verified2Coal production reached 40.7 million tons in 2022
Verified3Bauxite ore mining 5.2 million tons in 2022
Verified4Mining IPI grew 7.1% YoY in 2023 H1
Directional5Oil and gas extraction revenue $10 billion in 2022
Single source6Limestone mining for cement 120 million tons in 2022
Verified7Rare earth mining reserves 22 million tons
Verified8Gold production 1.2 tons in 2022
Verified9Sand and gravel extraction 300 million m3 in 2022
Directional10Mining employment 800,000 workers in 2022
Single source11Phosphate rock production 1.5 million tons in 2022
Verified12Copper ore mining output up 5% in 2023
Verified13Mining exports $15 billion in 2022
Verified14Antimony mining reserves 50,000 tons
Directional15Iron ore production 2 million tons in 2022
Single source16Mining FDI $2.5 billion in 2022
Verified17Kaolin clay extraction 500,000 tons in 2022
Verified18Titan mining production 100,000 tons in 2022
Verified19Mining accident rate 0.15 per 1,000 workers in 2022
Directional20Gemstone mining output VND 500 billion in 2022
Single source21Salt production from mining 1 million tons in 2022
VerifiedMining Interpretation
While Vietnam's mining sector powers the nation's economy with mountains of coal, rivers of sand, and promising rare earth reserves, its true wealth lies in the safe employment of 800,000 workers whose hands turn this geological bounty into $15 billion in exports and cautious, yet steady, growth.
Water Supply
1Vietnam's water supply production 3.5 billion m3 in 2022
Verified2Wastewater treatment capacity 2 million m3/day in 2022
Verified3Clean water access rate 88% urban in 2022
Verified4Water supply IPI up 5.2% YoY 2023
Directional5Sewerage treatment plants: 150 operational in 2022
Single source6Water production cost VND 5,000/m3 average 2022
Verified7Rural clean water coverage 77% in 2022
Verified8Solid waste collected 25 million tons in 2022
Verified9Water supply investment VND 50 trillion 2021-2025
Directional10Desalination plants capacity 100,000 m3/day 2022
Single source11Flood control infrastructure protected 10 million people 2022
Verified12Groundwater extraction 10 billion m3/year in 2022
Verified13Water recycling rate 20% industrial in 2022
Verified14Hazardous waste treated 500,000 tons in 2022
Directional15Urban wastewater treatment rate 15% in 2022
Single source16Irrigation water supply 40 billion m3 in 2022
Verified17Water meter installation 95% urban households 2022
Verified18Plastic waste recycled 300,000 tons in 2022
Verified19River basin management covered 80% area 2022
Directional20E-water billing adoption 70% in 2022
Single source21Water loss rate 20% in supply systems 2022
Verified22New water plants: 50 built 2021-2022
VerifiedWater Supply Interpretation
Vietnam's water sector is a study in ambitious contrasts, diligently pouring money into new pipes and plants while its urban centers, for all their modern billing systems, still treat wastewater with an almost quaint reluctance, sending a sobering 85% of it straight back to nature.
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