Vietnam’s economy enjoys auspicious startVietnam’s economy enjoyed a more sustainable growth in the first quarter of the year with a strong economic expansion of 7.38 percent, the best first-quarter performance in the last decade. Nearly 7,900 businesses added 485.5 trillion VND to their capital while 8,449 others resumed operations. Also, domestic production was stimulated by a surge of 9.9 percent in retail sales and revenue of consumption services to more than 1 trillion VND (44 million USD). In the period, non-state investment totalled 138.8 trillion VND (6.1 billion USD), or 41.9 percent of the total investment, much higher than foreign direct investment which made up 26.5 percent. The robust achievements were spurred by sound economic growth in Quarter 4 of 2017, new opportunities from stable economic development and efforts of the business community and drastic state management.

Source: VietNamNet News April 02, 2018 13:52 UTC