Vietnam Quarterly Macroeconomic Report

The domestic economy in Q1 witnessed an unusually high growth rate of 7.38% (yoy), the highest in 10 years. The agriculture, forestry, fishery, and service sectors improved sharply compared to previous years. The industry and construction sector also grew at a high rate of 9.7%. The manufacturing continued to be the driving force for the whole economy. Meanwhile, the mining industry has gained positive growth after two years of decline. The number of new jobs and newly established firms in Q1 did not increase sharply like the growth of the economy compared to the previous year.