First quarter GDP grows 6.03 percent

The Gross Domestic Product (GDP) of Vietnam grew 6.03 percent in the first quarter this year, much highest than that in the same period last year and three previous years also, announced the General Statistics Office.
 
GDP growth rate was recorded at 5.9 percent, 4.75 percent, 4.89 percent and 5.06 percent in the same period from 2011 to 2014 respectively.
 
Agro-forestry field posted a growth rate of 2,14 percent, industry-construction grew 8.35 percent and services 5.82 percent. These rates were 2.68 percent, 4.42 percent and 5.9 percent in the first quarter last year.
 
Head of the office Nguyen Bich Lam said that GDP growth showed a positive recovery of the economy, especially in industrial production including manufacturing and processing.
 
Economic experts predicted that the first quarter’ GDP growth rate of 6.03 percent would help Vietnam be able to get this year target of 6.2 percent.

By Anh Phuong – Translated by Hai Mien

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