Vietnam’s gross domestic product (GDP) rose by 6.93 percent year-on-year in the first quarter of 2025, surpassing the quarterly target of 6.5–7.0 percent, according to data from the General Statistics Office. While the result fell short of the full-year 8 percent goal, it reflects strong growth amid global uncertainties.
Key figures:
- GDP growth (Q1 2025): +6.93 percent year-on-year; highest Q1 growth since 2020
- Sector contributions: Services led with 7.70 percent growth, followed by industry and construction at 7.42 percent, and agriculture at 3.74 percent
- Manufacturing: Rose 9.28 percent, making it the largest single contributor to growth
- Household demand: Final consumption grew 7.45 percent, alongside strong export growth of 9.71 percent
- Drag from mining: Output declined 5.76 percent, offsetting gains in other sectors