(VOVWORLD) - Vietnam’s GDP in the first quarter of 2025 is estimated to grow 6.93% year-on-year, marking the highest first-quarter growth rate in the 2020–2025 period and surpassing the target set for the quarter in the Government’s Resolution No. 01.
 Vietnam’s Q1 GDP grows 6.93%, highest in 5 years |
The data was announced at a press conference on Sunday in Hanoi, held by the Statistics Department of the Ministry of Finance.
The Department's Director Nguyen Thi Huong said this strong performance reflects a highly positive outcome, especially given the unpredictable global economic and political landscape.
The report indicates that all key economic sectors contributed to this growth. The agriculture, forestry, and fishery sectors achieved their targets, while the industrial and construction sectors, particularly processing and manufacturing, continued to drive the economy forward. Meanwhile, increased consumer demand during the Lunar New Year and a surge in international tourist arrivals boosted trade and services, pushing the service sector to solid growth levels.
The consumer price index (CPI) in March 2025 declined 0.03% compared to the previous month, mainly due to falling global gasoline and rice prices. Over the first quarter, the CPI rose 3.22% year-on-year, while core inflation was up 3.01%.
Director Nguyen Thi Huong noted that the government and Prime Minister had proactively directed ministries, sectors, and localities to implement timely solutions aimed at easing difficulties, promoting economic growth, maintaining macroeconomic stability, and keeping inflation in check. As a result, prices of goods and services on the market remained relatively stable, and inflation remained under effective control.