April 08, 2025 | 16:00 GMT+7

Quang Tri's economic growth exceeds Q1 scenario

Nguyễn Thuấn -

Q1 GRDP rose by 6.72% year-on-year, surpassing the 4.84% increase recorded in Q1 2024 and exceeding the planned growth scenario for Q1 2025.

Illustrative Photo
Illustrative Photo

The central province of Quang Tri has recorded GRDP growth rate of 6.72% in the first quarter of 2025, surpassing the 4.84% increase recorded in Q1 2024, and exceeding its planned growth scenario for the first quarter of this year, thanks to strong performances across all sectors. This achievement significantly contributes to the province's annual growth target of 8% or more.

The agriculture, forestry, and fishery sector expanded by 6.35%, with the forestry sub-sector leading the charge with a remarkable growth rate of 19.81%. The logging industry also surged by 33.16%, driven by rising demand for wood exports. Agriculture grew by 2.73%, bolstered by a 3.90% increase in live weight livestock output.

The industry and construction sector recorded a 6.38% increase, outpacing the 4.60% growth observed in Q1 2024. Signs of recovery in the processing and manufacturing industry contributed to a 4.89% growth rate, while electricity production and distribution saw impressive growth of 13.86%. Construction maintained a strong performance with a growth rate of 6.81%.

The service sector experienced robust growth, rising by 7.29% compared to the same period last year. Market service industries, including wholesale and retail, financial services, banking and insurance activities, and information and communication, all recorded significant gains.

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