Amid the second wave of the Coronavirus Disease, which negatively affected its economy, Vietnam’s Gross Domestic Product has grown by 4.48 per cent.
According to a government report released on Monday, the south-east Asian country’s industrial sector grew sharply in the first quarter of 2021 by 6.3 per cent from the figure last year.
The service sector increased by 3.34 per cent, Vietnam’s General Statistics Office stated in the report.
“Registered foreign direct investment in Vietnam over the first quarter of 2021 grew to 18.5 per cent, hitting a total value of over $10bn.
“The first quarter of 2021 also saw a strong recovery of import and export activities. The total import-export turnover reached $152.7bn, up 24 per cent compared to Q1 2021,” it stated.
The Vietnamese government has set a target of six per cent GDP growth this year, with a per capita income of $3,700, even as the International Monetary Fund predicted a growth rate of 6.8 per cent for the country in 2021.
