Quarter I-2025: Gross domestic product increases by 6.93%

Industrial production in the first quarter continued to improve. Illustrative photo

This growth result exceeded the target set for the first quarter of 2025 in Resolution No. 01/NQ-CP, but did not reach the higher target in Resolution No. 25/NQ-CP dated February 5, 2025 due to the rapidly changing world and many instabilities that have affected our country's socio-economy.

The agriculture, forestry and fishery sector increased by 3.74%, contributing 6.09% to the total added value of the entire economy; the industry and construction sector increased by 7.42%, contributing 40.17%; the service sector increased by 7.70%, contributing 53.74%.

The industrial production index in the first quarter compared to the same period last year increased in 59 localities and decreased in 4 localities nationwide.

Industrial production in the first quarter continued to flourish, with the industrial production index increasing by 7.8% over the same period - the highest increase in the first quarter since 2020; of which the processing and manufacturing industry increased by 9.5%.

Notably, motor vehicle production increased by 36.1%; leather and related products production increased by 18.1%; garment production increased by 14.6%; bed, wardrobe, table and chair production increased by 12.9%; repair, maintenance and installation of machinery and equipment increased by 12.8%; rubber and plastic product production increased by 12.7%; other means of transport production increased by 11.8%; wood processing and production of products from wood, bamboo, rattan... increased by 11%; production of electronic products, computers and optical products increased by 10.6%...

Total registered foreign investment capital in Vietnam as of March 31, 2025 reached 10.98 billion USD, up 34.7% over the same period last year. Foreign direct investment capital realized in Vietnam in the first 3 months of 2025 is estimated at 4.96 billion USD, up 7.2% over the same period last year.

This is the highest realized foreign direct investment capital in the first three months of the year in the past five years.

In the first quarter, total export turnover reached 102.84 billion USD, up 10.6% over the same period last year. Of which, the domestic economic sector reached 29.02 billion USD, up 15%, accounting for 28.2% of total export turnover; the foreign-invested sector (including crude oil) reached 73.82 billion USD, up 9%, accounting for 71.8%.

There are 18 items with export turnover of over 1 billion USD, accounting for 84.5% of total export turnover (there are 5 items with export turnover of over 5 billion USD, accounting for 59.9%).

The United States is Vietnam's largest export market with a turnover of 31.4 billion USD.

During the same period, import turnover of goods reached 99.68 billion USD, up 17% over the same period last year, of which the domestic economic sector reached 36.78 billion USD, up 19.3%; the foreign-invested sector reached 62.9 billion USD, up 15.8%. The trade balance of goods had a surplus of 3.16 billion USD.

Source: https://hanoimoi.vn/quy-i-2025-tong-san-pham-trong-nuoc-tang-6-93-698064.html