Vietnam Business Economy News

Vietnam’s GDP Growth Fastest Since 2020

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Vietnam’s GDP grew by 5.66% in the first quarter, the highest rate for the period since 2020, according to the General Statistics Office.

Industry and construction grew at 6.28% and accounted for 35.7% of the GDP. Following close behind was the services sector with 6.12%, thanks to sharp increases in retail and tourism, which accounted for 43.5% of the economy.

The Consumer Price Index, one indicator of inflation, rose by 3.77% year-on-year during the quarter.

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