Vietnam’s GDP was estimated to grow by 6.93% in the first three months of the year, the highest growth rate in the first quarter since 2020, according to the National Statistics Office.

The figure exceeded the target of 6.2% - 6.6% set by the Government.

The growth was attributed to the development of the three key economic sectors. 

Services enjoyed a growth of 7.7%, contributing over 53.7% to the added value of the economy, boosted by the rising consumption demand during the Lunar New Year holiday and the increase in number of international tourists.

The industrial and construction sector displayed robust performance, with added value rising 7.42% in the period, contributing 40.17% to the added value of the economy.

The agro-forestry and fishery sector recorded a stable increase of 3.74%, contributing 6.09% to the total added value of the whole economy.