VOV.VN - The Vietnamese economy maintained its strong recovery with gross domestic product (GDP) during the first quarter growing by 5.03%, while inflation and consumer price index continued to be controlled, according to the latest figures given by the General Statistics Office (GSO).
Statistics indicate that the industry and construction sectors contributed 51.08% to the overall growth, while the service sector made up 43.16%.
The first quarter of the year saw the industrial production index remain a bright spot, expanding by 7.07% over the same period from last year.
Throughout the reviewed period, the country had roughly 34,600 newly-established enterprises with a total registered capital of VND471,200 billion, thereby representing a year-on-year increase of 5.2%.
The number of firms returning to operation soared by 60,200 enterprises, representing a rise of 36.7% on-year.
According to a recent survey conducted by GSO, 50% of enterprises are optimistic about the production situation moving into the second quarter of the year.
Approximately 32.3% of respondents predict that production and business activities will remain stable, while 17.7% of enterprises forecast increasing difficulties ahead.
Total retail sales of consumer goods and services stood at an estimated VND1,318 trillion, up 4.4% compared to the same period last year.
These figures indicate that consumer purchasing power continues to show recovery momentum.
After a period of being ‘frozen” due to the impact of the COVID-19 pandemic, international tourism has shown initial signs of making a strong recovery.
The country received roughly 91,000 foreign arrivals throughout the reviewed period, a rise of 89.1% over the same period from last year.
In the first quarter of the year the total import and export turnover reached US$176.35 billion, representing an increase of 14.4% over the same period from last year, with exports and imports edged up 12.9% and 15.9%, respectively.
The United States made up the country’s largest export market with an estimated turnover of US$25.2 billion while China remained the largest importer of Vietnamese goods with an estimated turnover of US$27.6 billion.