Ho Chi Minh City Targets 12.2% IIP Growth in 2026
Ho Chi Minh City targets a 12.2% Industrial Production Index (IIP) increase for 2026, requiring 15–16% growth in Q4. Nine-month IIP rose 11.3% in September 2026, with processing and manufacturing up 12.2%. Three priority sectors — machinery (+14.1%), chemical-pharmaceutical-rubber-plastics (+12.8%), and food processing (+11%) — achieved double-digit growth. Electronics-ICT grew only 1.4% but shows recovery signs, with consumption up 12.7% and inventory down 31.7%. Local content targets aim for >30% in electronics and >15% in high-tech industry by 2030.