The General Statistics Office recently released key macroeconomic indicators for Q1-2025. Overall, Vietnam’s economy maintained a positive growth trajectory despite considerable challenges amid global economic turbulence. Vietnam’s GDP growth in Q1-2025 is estimated at 6.93% year-on-year, marking the highest Q1 growth rate in the 2020–2025 period. The services sector led the way with a 7.7% increase, acting as the main driver of GDP growth. The agriculture, forestry, and fisheries sector posted growth of 3.74%, contributing 6.09% to GDP growth. This is a clear indication of the sector’s stability in ensuring food security and exports. Meanwhile, the industry and construction sector continued its positive performance with a 6.3% rise, driven mainly by the manufacturing and processing industry, which expanded 7.0% and accounted for nearly 28% of GDP growth. Regarding prices, inflation has been relatively well controlled, with the average consumer price index (CPI) in the first quarter of this year rising by 3.22%, remaining below the Government’s target threshold of 4%. Four categories experienced price increases compared to the same period last year: food and catering services (up 3.78%, contributing 1.27 percentage points to the overall CPI increase); housing, electricity, water, fuel, and construction materials (up 5.11%, contributing 0.96 percentage point); […]
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