Vietnam’s economy up 7.83% YoY in Q1 2026: NSO

Vietnam’s economy expanded by 7.83 per cent in the first quarter (Q1) of this year compared to 7.07 per cent during the corresponding quarter last year, as strong consumer demand and resilient manufacturing underpinned growth despite mounting global uncertainties, according to the National Statistics Office (NSO).

NSO director Nguyen Thi Huong told a press conference that the solid start offers a foundation to achieve full-year growth target even as global uncertainties loom.

Vietnam’s economy expanded by 7.83 per cent in Q1 2026 compared to 7.07 per cent in Q1 2025, as strong consumer demand and resilient manufacturing underpinned growth despite mounting global uncertainties.
Growth was broad-based across all major sectors.
Foreign trade activity picked up sharply.
Growth pressures could intensify in Q2 as the Middle East conflict drives up oil prices and input costs.

Growth was broad-based across all major sectors. The industry and construction sector grew by 8.92 per cent year on year (YoY), contributing 44.08 per cent to overall expansion, with processing and manufacturing continuing to act as the main engine after posting 9.73 per cent growth.

Foreign trade activity picked up sharply, with exports of goods and services rising by 19.85 per cent YoY and imports rising by 24.27 per cent YoY, reflecting stronger demand for raw materials, a domestic media outlet reported.

NSO, however, cautioned that growth pressures could intensify in the second quarter as the Middle East conflict drives up oil prices and input costs, increasing risks to supply chains and production.

Fibre2Fashion News Desk (DS)