Vietnam Q1 GDP grew 4.48% y/y, March exports soar 19.2%

HANOI: Vietnam’s gross domestic product grew 4.48% in the first quarter of 2021 from the same period a year earlier, while March exports soared 19.2% year-on-year, 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 (GSO) said in a statement.

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

Vietnam is estimated to have recorded a $400 million trade surplus in March, data showed.

Exports in March likely rose 19.2% from a year earlier to $28.6 billion, while imports were…