Vietnam’s GDP up 5.03% in first quarter
(VOVWORLD) - Vietnam’s Gross Domestic Product (GDP) was estimated to increase 5.03% in the first quarter of this year, higher than the 4.72% growth rate in the same period last year, according to the General Statistics Office (GSO).
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The General Statistics Office (GSO) press conference on March 29, 2022, to announce socio-economic statistics in the first quarter.
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Vietnam's economy in the first three months of 2022 has seen many positive changes compared to the previous year, Nguyen Thi Huong, General Director of GSO, said at a press conference announcing socio-economic statistics in the first quarter.
The service industry is bouncing back and the industrial sector is developing quite well, especially manufacturing, she noted, adding that total trade grew 19% and the number of foreign arrivals surged 90%.
“We need to continue to effectively implement government resolutions on socio-economic recovery and development and adapting to and controlling the pandemic," General Director Huong proposed measures to achieve this year’s GDP growth target of 6.5%.
"It’s crucial to disburse 100% public investment, maintain macroeconomic stability, boost production, and gradually ensure self-sufficiency in raw materials,” she said.