Opening the conference, Prime Minister Pham Minh Chinh stated that in the first months of 2026, the global situation witnessed many new, complex, and unpredictable developments, such as tariff policies and the reactions of various countries; the conflict in Ukraine showed no signs of ending soon; and conflicts in the Middle East disrupted supply chains.
Prime Minister Pham Minh Chinh chaired the meeting.
PHOTO: NHAT BAC
Rising oil and gas prices, transportation costs; volatile global commodity, financial, currency, and precious metal markets with increased risk and uncertainty.
Nevertheless, the socio -economic situation in the first quarter generally continued to develop positively and comprehensively across all aspects, with many sectors experiencing breakthrough growth and many localities being bright spots.
In this context, the basic macroeconomic situation is stable, inflation is controlled, growth is promoted, major balances are ensured; social security and people's living standards are guaranteed...
In addition, there are still challenges and risks related to macroeconomic management pressures, ensuring energy security; administrative procedures; decentralization and delegation of power; online public services are not yet truly convenient; and food security and safety remain complex.
Emphasizing that the growth target of 10% or more remains unchanged, Prime Minister Pham Minh Chinh proposed that the conference set out tasks and solutions to further renew traditional growth drivers, promote new growth drivers; solutions for managing monetary and fiscal policies; promoting public investment; diversifying markets, etc.
According to the first quarter socio-economic report of the General Statistics Office (Ministry of Finance), the gross domestic product (GDP) is estimated to increase by 7.83% compared to the same period last year (Q1/2025 increase is 7.07%).
Within the overall economic growth, the agriculture, forestry, and fisheries sector increased by 3.58%, contributing 5.60% to the total value-added growth of the entire economy; the industry and construction sector increased by 8.92%, contributing 44.08%; and the service sector increased by 8.18%, contributing 50.32%.
In the industrial and construction sectors, industrial production maintained a positive growth trend, and construction activities flourished thanks to accelerated disbursement of public investment capital. Regarding services, increased consumer demand during the Lunar New Year and the influx of international tourists to Vietnam contributed to the growth of the trade and service sectors.
Source: https://thanhnien.vn/gdp-quy-1-tang-783-185260404110030315.htm
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