Vietnam’s economic growth hits five-year high in first quarter

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Vietnam’s economy grew by 5.66% in the first quarter, mainly due to strong exports.

The industry and construction industry increased by 6.28%, and the service industry increased by 6.12%. The export volume of goods reached 93 billion US dollars, a year-on-year increase of 17%, and the United States was the largest export market.

The trade surplus in the first quarter reached 8.08 billion U.S. dollars, and the target is for full-year economic growth of 6-6.5%, higher than last year’s 5.05%.

(Source: AFP Image source: freepik)

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