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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Overcoming initial impacts from the Middle East conflict, the General Statistics Office (GSO) reported that Vietnam’s GDP in Q1 2026 grew 7.83% year on year. The GSO expects growth pressures in Q2 2026 as the global environment remains volatile.
According to the Q1 2026 socioeconomic statistics report, growth drivers were evenly distributed across three economic sectors.
Services rose as the largest contributor, accounting for 50.32% of the overall increase and growing 8.18%. The services expansion was supported by strong domestic demand around the Lunar New Year and a rebound in international arrivals. Within services, wholesale and retail increased 9.62%, transport and warehousing rose 8.95%, and financial, banking, and information and communication services also improved.
Industry and construction grew 8.92% and contributed 44.08% to the overall increase. Within this group, manufacturing and processing remained a leader with 9.73% growth.
Construction rose 8.36%, supported by accelerated disbursement of public investment capital from early in the year. However, the GSO noted that this growth rate still fell short of expectations, as construction is considered a key factor in the 2026 growth target.
Agriculture, forestry and fishery maintained stability, growing 3.58%. The sector’s performance was highlighted by a strong rise in seafood production, attributed to the successful application of science and technology in farming.
The report also pointed to positive momentum in the economy’s structure and use. The services sector continued to hold the largest share at 43.45%, followed by industry and construction at 37.15%, and agriculture, forestry and fishery at 10.89%.
On the demand side, final consumption increased 8.45%, while asset accumulation rose 7.18%.
International trade was described as highly dynamic. Exports of goods and services rose 19.85%, while imports increased 24.27%, indicating higher material demand to support the new production cycle.
“These positive figures are not only the result of close, timely governance but also reflect the resilience and adaptability of the economy and businesses,” Ms. Huong said.
The GSO forecast that in Q2 2026, as Middle East tensions affect oil prices, inputs, and supply chains, growth pressures will be very large. The report said this will require timely and effective solutions from both the government and enterprises to address global challenges.

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