Hanoi’s industrial production index (IIP) continued its positive recovery in July 2025, with a year-on-year rise of 7.9%, driven by robust performance in key sectors, including manufacturing, electricity production, and water supply.

The manufacturing sector, a key contributor, saw an 8.4% increase compared to July 2024, while water supply and waste management rose 8.1%, according to the Hanoi Statistics Office.

Over the first seven months of 2025, Hanoi’s IIP expanded by 6.2% year-on-year. Manufacturing and processing led the growth with a 6.4% increase, followed by water supply and waste management (6.9%), and electricity generation (4.6%). 

The industrial sector has long been a cornerstone of the city's economy, contributing significantly to the city’s GRDP. In 2024, Hanoi’s industrial production index grew by 5.4% compared to 2023, with key industries attracting $1.5 billion in foreign direct investment (FDI).

In the same year, industry accounted for approximately 15.8% of Hanoi’s GRDP, affirming its position as one of the top 5 largest industrial contributors among Vietnam’s 34 provinces and cities.

To boost industrial development, the city has prioritized key and supporting industries, focusing on high-tech industries, clean energy, and advanced manufacturing, with initiatives like the Hanoi Key Industrial Products Program.

These efforts align with Hanoi’s vision to lead in high-tech and sustainable industrial development by 2030, with a focus on automation, advanced materials, and biotechnology post-2030.