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Vietnam Q1 GDP grew 4.48% y/y, up from Q1 2020 growth

Monday, March 29, 2021, 11:34 GMT+7
Vietnam Q1 GDP grew 4.48% y/y, up from Q1 2020 growth
A man works at a mechanical factory in Hanoi, Vietnam May 30, 2018. Picture taken May 30, 2018. Photo: Reuters

HANOI -- Vietnam's gross domestic product grew 4.48% in the first quarter of 2021 from the same period a year earlier, government data released on Monday showed.

The expansion of GDP compared with 3.8% growth in the first quarter of 2020 and 4.48% in the fourth quarter.

The industrial and construction sector in the January-March period grew 6.3% from a year earlier, the General Statistics Office said in a statement.

The services sector rose 3.34% and the agricultural sector expanded 3.16%, it said.

Reuters

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