JavaScript is off. Please enable to view full site.

Vietnam Prime Minister says first-quarter growth of 7.41 pct likely: website

Tuesday, March 13, 2018, 09:48 GMT+7

Vietnam’s economy is likely to grow by 7.41 percent in the first quarter this year, led by robust exports and tourism, according to Prime Minister Nguyen Xuan Phuc, a statement posted on a government website said on Monday.

The tourism sector in the January-March period likely grew by 60 percent while total trade will be up by 40 percent from a year earlier, Phuc told a gathering of Vietnamese during an official visit to New Zealand, it added.

If achieved, the figure would be the highest first quarter growth in years, well above the expansion of 5.15 percent in the first quarter of last year.

Vietnam’s growth is often lower in the first quarter than the rest of the year, due to a week-long holiday for the Lunar New Year, which often falls in February.

Phuc also said Vietnam is likely to post a trade surplus of nearly $2 billion in the three-month period, according to the statement.

Vietnam’s economic growth was seen expanding by 6.83 percent this year from 6.81 percent last year, the investment ministry said on Wednesday, citing its socio-economic forecasting and information agency.

The government’s General Statistics Office is scheduled to release official GDP data on March 29.

After visiting New Zealand, Phuc will pay an official visit to Australia later this week, to attend the ASEAN-Australia Summit in Sydney. 

Reuters

More

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news