28.9 C
Ho Chi Minh City
Tuesday, May 6, 2025

spot_img

TAG

GDP growth

Economic resilience: Vietnam pushes forward in uncertain times

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); […]
To read more, please click here.

Unlocking credit access for SMEs

Small and medium-sized enterprises (SMEs) have few choices when it comes to borrowing, but access to loans at commercial banks is still tough though...

Vietnam’s GDP growth hits five-year high in Q1

HCMC - Vietnam’s gross domestic product (GDP) expanded by 6.93% year-on-year in the first quarter of 2025, the highest Q1 growth rate since 2020,...

Hinging on fiscal policy

Aware of challenges in achieving the ambitious GDP growth target of 8% or higher this year, the Government has reaffirmed its commitment through Directive...

Vietnam seeks global support for technology-driven growth

HCMC – Prime Minister Pham Minh Chinh has called on international partners to support Vietnam’s transformation into a technology-driven economy, emphasizing science, innovation, digital...

Striving for growth of over 8%

The Government looks determined to achieve economic growth of over 8% this year. While supporting this growth scenario, the National Assembly Standing Committee has...

Banking sector ramps up support for economic growth

HCMC – Vietnam's central bank has pledged to intensify efforts to boost economic growth by expanding credit and ensuring financial stability. The State Bank of...

Latest news

spot_img