FX.co ★ Vietnam’s Industrial Growth Cools Sharply to 1.0% in February YoY

Vietnam’s industrial production growth slowed dramatically in February 2026, rising just 1.0% year-over-year, according to data updated on 6 March 2026. This marks a steep deceleration from January 2026, when industrial output surged 19.4% compared with the same month a year earlier.

Both figures are measured on a year-over-year basis, comparing each month’s performance to the corresponding month in the previous year. The abrupt shift from nearly 20% growth in January to just 1.0% in February highlights increased volatility in Vietnam’s industrial sector, which is closely watched as a barometer of the country’s broader economic momentum.

While the latest reading still indicates slight expansion, the sharp loss of pace suggests that the strong gains seen at the start of the year were not sustained into February, raising questions about the durability of industrial demand and external orders in the months ahead.