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Vietnam posts fastest first-quarter GDP growth in 15 years

Vietnam’s economy expanded 7.83 per cent in the first quarter, its strongest growth rate in 15 years despite ongoing domestic and global challenges.

Vietnam posts fastest first-quarter GDP growth in 15 years - 1
Vietnam’s economy expanded 7.83 per cent in the first quarter of 2026, its strongest growth rate in 15 years. Illustrative photo

The General Statistics Office said on April 4 that gross domestic product rose 7.83 per cent year on year in the first three months, the highest first-quarter growth since 2011.

Nguyen Thi Huong, head of the statistics office, described the result as positive given continued external and internal pressures on the economy.

She said traditional growth drivers maintained their recovery momentum and made significant contributions, indicating a stable economic foundation and strong adaptability.

In the first quarter, agriculture, forestry and fisheries grew 3.58 per cent, contributing 5.6 per cent to overall growth. Industry and construction expanded 8.92 per cent, accounting for 44.08 per cent, while services rose 8.18 per cent, contributing 50.32 per cent.

Foreign investment inflows also increased sharply, with total registered foreign direct investment reaching about USD 15.2 billion, up 42.9 per cent year on year.

Newly registered capital included 904 licensed projects worth USD 10.23 billion, up 6.4 per cent in number and 2.4 times higher in value.

Singapore remained the largest investor among 52 countries and territories, with USD 5.32 billion, accounting for 52 per cent of newly registered capital. It was followed by South Korea with USD 3.68 billion (35.9 per cent), China with USD 417.5 million (4.1 per cent), Hong Kong with USD 256.8 million (2.5 per cent), Japan with USD 191.3 million (1.9 per cent) and the United States with USD 91.3 million (0.9 per cent).

Disbursed FDI in the first quarter was estimated at USD 5.41 billion, up 9.1 per cent year on year and the highest level for the period in five years.

On trade, total import-export turnover reached USD 93.55 billion, up 39.2 per cent from the previous month and 23.9 per cent year on year.

For the quarter, total trade turnover rose 23 per cent to USD 249.5 billion, with exports up 19.1 per cent and imports rising 27 per cent, resulting in a trade deficit of USD 3.64 billion.

Notably, 20 export items recorded turnover of more than USD 1 billion, accounting for 86.8 per cent of total exports. Of these, five items exceeded USD 5 billion, contributing 62.4 per cent.

On inflation, rising domestic fuel prices in line with global trends, along with higher construction material costs due to increased input and transport expenses, pushed the consumer price index up 1.23 per cent in March from the previous month.

Compared with December 2025, the index rose 2.44 per cent and increased 4.65 per cent year on year. For the first quarter as a whole, CPI rose 3.51 per cent, while core inflation increased 3.63 per cent.

Source: dantri.com.vn
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