Vietnam’s GDP up 5.03% in first quarter

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(VOVWORLD) - Vietnam’s Gross Domestic Product (GDP) was estimated to increase 5.03% in the first quarter of this year, higher than the 4.72% growth rate in the same period last year, according to the General Statistics Office (GSO). 
Vietnam’s GDP up 5.03% in first quarter - ảnh 1
The General Statistics Office (GSO) press conference on March 29, 2022, to announce socio-economic statistics in the first quarter.

Vietnam's economy in the first three months of 2022 has seen many positive changes compared to the previous year, Nguyen Thi Huong, General Director of GSO, said at a press conference announcing socio-economic statistics in the first quarter.

The service industry is bouncing back and the industrial sector is developing quite well, especially manufacturing, she noted, adding that total trade grew 19% and the number of foreign arrivals surged 90%.

“We need to continue to effectively implement government resolutions on socio-economic recovery and development and adapting to and controlling the pandemic,"  General Director Huong proposed measures to achieve this year’s GDP growth target of 6.5%.

"It’s crucial to disburse 100% public investment, maintain macroeconomic stability, boost production, and gradually ensure self-sufficiency in raw materials,” she said.