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); […]
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); […]
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); […]
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...
Aware of challenges in achieving the ambitious GDP growth target of 8% or higher this year, the Government has reaffirmed its commitment through Directive...
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...
The Government looks determined to achieve economic growth of over 8% this year. While supporting this growth scenario, the National Assembly Standing Committee has...
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...