GDP in the first quarter increased by 7.83%.

VTV.vn - Industrial production continues to be the driving force of the economy, with the industrial production index estimated to increase by 9.0% compared to the same period last year.

According to a report from the General Statistics Office, the gross domestic product (GDP) in the first quarter of 2026 is estimated to increase by 7.83% compared to the same period last year (the first quarter of 2025 increased by 7.07%).

Regarding the economic structure in the first quarter of 2026, the agriculture, forestry, and fisheries sector accounted for 10.89%; the industry and construction sector accounted for 37.15%; the service sector accounted for 43.45%; and product taxes less product subsidies accounted for 8.51%.

Industrial production continues to be the driving force of the economy, maintaining a positive growth trend in the first quarter of 2026. The industrial production index is estimated to increase by 9.0% compared to the same period last year, the highest first-quarter increase since 2020, with the manufacturing industry increasing by 9.7%.

Gross Domestic Product (GDP) in the first quarter of 2026 is estimated to increase by 7.83% compared to the same period last year.

Regarding business activity, in the first three months of the year, the whole country saw 96,000 newly registered and reactivated businesses. Of these, over 57,400 were newly registered and over 38,600 resumed operations. On average, 32,000 businesses were newly established or resumed operations each month.

Conversely, 91,800 businesses withdrew from the market, including: 63,500 businesses temporarily suspending operations; over 16,600 businesses ceasing operations pending dissolution procedures; and over 11,700 businesses completing dissolution procedures.

Regarding business trends for manufacturing enterprises in the first quarter of 2026: 23.8% of enterprises assessed their business performance as better than in the fourth quarter of 2025; 46.1% considered it stable; and 30.1% assessed it as difficult. For the second quarter of 2026, 40.8% of enterprises expect the trend to improve compared to the first quarter; 37.5% believe the business performance will remain stable; and 21.7% predict more difficulties.

According to the General Statistics Office, retail sales of goods in the first quarter of 2026 are estimated at 1,452 trillion VND, an increase of 10.9% compared to the same period last year. This increase shows that the purchasing power of the economy continues to recover.

Regarding goods exports and imports, in the first quarter of 2026, the total value of goods exports and imports reached US$249.5 billion, an increase of 23% compared to the same period last year. Of this, goods exports reached US$122.93 billion, an increase of 19.1% compared to the same period last year. Goods imports reached US$126.57 billion, an increase of 27.0% compared to the same period last year. Thus, the trade balance for goods in the first three months of 2026 showed a trade deficit of US$3.64 billion.

In the first quarter of 2026, the US was Vietnam's largest export market with a turnover of $39.0 billion. China was Vietnam's largest import market with a turnover of $50.1 billion.

Regarding investment and development, the total registered foreign investment in Vietnam as of March 31, 2026, including newly registered capital, adjusted registered capital, and the value of capital contributions and share purchases by foreign investors, reached US$15.20 billion, an increase of 42.90% compared to the same period last year.

Foreign direct investment (FDI) implemented in Vietnam in the first quarter of 2026 is estimated at US$5.41 billion, an increase of 9.1% compared to the same period last year.

Source: https://vtv.vn/gdp-quy-i-tang-783-100260404083723091.htm