Vietnam’s gross domestic product (GDP) expanded by 7.83% year-on-year in the first quarter of 2026, providing a solid foundation for achieving full-year growth targets, according to the National Statistics Office (NSO).
Speaking at a press briefing on April 4, NSO Director Nguyen Thi Huong said the result was notable amid ongoing global uncertainties, including geopolitical tensions in the Middle East.
Growth was broadly balanced across all three major sectors of the economy. The service sector led the expansion, rising 8.18% and contributing 50.32% to overall growth. The surge was driven by strong consumer demand during the Lunar New Year holiday and a robust rebound in international tourism. Key service industries posted solid gains, including wholesale and retail (up 9.62%), transportation and warehousing (8.95%), and finance, banking, and information and communications.
Industry and construction remained a key pillar, growing 8.92% and accounting for 44.08% of the increase. The processing and manufacturing sector continued to lead industrial expansion with growth of 9.73%.
Meanwhile, agriculture, forestry and fisheries maintained steady momentum, expanding 3.58%. The sector’s performance was supported by rising aquaculture output, aided by the application of advanced technologies.
The strong first-quarter performance underscores Vietnam’s economic resilience and positions the country well to navigate external headwinds in the months ahead.
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