Economy advances with Q1 results

The Vietnamese economy has recorded the highest Q1 economic growth over the past 15 years, backed by positive performance in production and business activities.

- Nguyen Thanh reports.

The National Statistics Office (NSO) under the Ministry of Finance (MoF) last week reported that so far this year, the domestic economy has hit the highest on-year growth since 2011. GDP in Q1 this year increased 7.83 per cent - the highest since 2011 (see chart).

The three key economic sectors of agro-forestry-fishery (3.58 per cent); industry and construction (8.92 per cent); and services (nearly 8.2 per cent) saw the most positive results.

In terms of the economic structure in Q1 of 2026, the agro-forestry-fishery sector accounted for 10.89 per cent; the industry and construction sector represented 37.15 per cent; and the services sector was responsible for 43.45 per cent.; while taxes less subsidies on products held 8.51 per cent.

Many localities nationwide also witnessed double-digit growth, the highest being Ha Tinh (12.42 per cent), Quang Ninh (12.08 per cent), and Ninh Binh (11.63 per cent).

According to the NSO, production and business activities have shown good signals. In March, about 15,600 enterprises were newly established, up 54.2 per cent on-month and 3.4 per cent on-year.

In Q1, there were 96,000 businesses newly established and resuming operation, up 31.7 per cent on-year. The total registered capital added into the economy reached more than $52 billion.