Vietnam’s economy expanded 7.83 percent year on year in the first quarter of 2026, accelerating from 7.07 percent in the same period last year, with growth broad-based across sectors and led by industry and services, according to the latest release from the National Statistics Office.
Agriculture, forestry, and fisheries grew 3.58 percent, contributing 5.60 percent to overall value-added growth.
Within the sector, agriculture rose 3.36 percent, forestry 3.22 percent, and fisheries 4.51 percent, supported by stable crop yields, a recovery in pig farming, and stronger aquaculture output linked to increased use of technology.
Industry and construction remained the main engine of expansion, rising 8.92 percent and accounting for 44.08 percent of total growth.
Industrial value added increased 9.01 percent, with manufacturing up 9.73 percent and contributing 32.52 percent, reinforcing its role as the core driver of the economy.
Electricity generation and distribution grew 6.54 percent, water supply and waste management 8.58 percent, mining 5.42 percent, and construction 8.36 percent, the latter supported by faster public investment disbursement.
Services expanded 8.18 percent, contributing 50.32 percent to overall growth, driven by domestic consumption during the Lunar New Year and a rise in international arrivals.
Wholesale and retail trade increased 9.62 percent, transport and warehousing 8.95 percent, and financial services 7.70 percent.
Information and communications grew 7.65 percent, while accommodation and food services rose 7.49 percent.
Public-sector-linked services also recorded gains, including state administration and social security activities, education, and healthcare.
The economic structure in the quarter remained service-led, with services accounting for 43.45 percent of GDP, followed by industry and construction at 37.15 percent, and agriculture, forestry, and fisheries at 10.89 percent.
Product taxes less subsidies made up the remaining 8.51 percent.
On the demand side, final consumption increased 8.45 percent year on year, while gross capital formation rose 7.18 percent.
External trade remained a key growth pillar, with exports of goods and services increasing 19.85 percent and imports rising 24.27 percent, indicating continued strength in trade flows alongside robust domestic demand.