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Vietnam’s Q1 growth at highest level since 2020 despite global economic turmoil

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Jamille Tran

Published Fri, Mar 29, 2024 · 02:36 PM
    • Trade-reliant Vietnam's exports in March surge by 14.2 per cent from a year ago to roughly US$34.01 billion.
    • Trade-reliant Vietnam's exports in March surge by 14.2 per cent from a year ago to roughly US$34.01 billion. PHOTO: AFP

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    [HO CHI MINH CITY] Vietnam’s gross domestic product (GDP) grew 5.66 per cent year on year in the first quarter of 2024, with export growth returning to a double-digit rate.

    This expansion was greater than those recorded in the same period in the previous four years, but slower than the 6.72 per cent rise in the preceding quarter.

    In a report released on Friday (Mar 29), the country’s General Statistics Office (GSO) viewed the year-to-date economic and social performances of Vietnam as “positive” amid global economic turmoil.

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