State budget collection reaches US$17.52 billion in Q1
Vietnam recorded a trade surplus of US$2.67 billion during the period.
Vietnam recorded a trade surplus of US$2.67 billion during the period.
The construction – industry sector was among key contributors for economic growth by an expansion rate of 7.99% year-on-year, representing an increase of 1.43-fold year-on-year.
Vietnam's exports rose 7.5% year-on-year to US$63.23 billion in the January-March quarter, and imports reached US$59.49 billion, representing an increase of 3.7%.
Such a growth pace is the slowest in many years, due to growing impacts of the Covid-19 pandemic.
Vietnam's trade turnover is expected to reach US$115.34 billion in the January – March period, down 0.7% year-on-year.
A survey in the manufacturing and processing in Q1 revealed nearly 60% of enterprises saw stability and even improvements in business performance compared to the previous quarter.
A positive economic growth rate in the first quarter indicated strong efforts of both the government and the society in maintaining business production while combating the Covid-19.