AGRO-FORESTRY-AQUATIC PRODUCT EXPORTS INCREASE OVER 13% IN FIRST QUARTER
Việt Nam's agro-forestry-aquatic product exports reached US$6.14 billion in March, bringing the total export value in the first quarter of this year to $15.72 billion, a year-on-year increase of 13.1 per cent. According to the Ministry of Agriculture and Environment, Việt Nam recorded a trade surplus of $4.4 billion in agro-forestry-aquatic products in the first quarter, up 13.1 per cent compared the same period last year.
BAD DEBT SEEN DROPPING IN Q2
Vietnamese banks expect non-performing loans (NPLs) to fall and interest rates to remain stable in the second quarter of the year. A survey on business sentiment by the Department of Forecasting, Statistics and Monetary and Financial Stabilization at the State Bank of Vietnam (SBV) found that NPLs declined in January-March and are forecast to drop further in the next three months.
VN’S TEXTILE INDUSTRY BREAKS NEW GROUND WITH FLAME-RESISTANT EXPORTS
Just one year since production began, the innovative line of flame-retardant products at the Vietnam National Textile and Garment Group (Vinatex) is opening the door to fresh export opportunities. This breakthrough comes as a result of a memorandum of understanding between Vinatex and the UK-based Coats Group, a global leader in high-performance threads and materials. The project has already received high marks under Coats’ rigorous supplier evaluation system.
E-COMMERCE TAX REVENUE RISES 19% IN Q1
Vietnam collected VND34.5 trillion in taxes from e-commerce businesses in the first quarter of this year, up 19% year-on-year, showed data from the Ministry of Finance. Over the past three years, tax revenue from individuals and organizations active in the e-commerce sector has totaled VND296 trillion, the Vietnam News Agency reported.
OVER SIX MILLION FOREIGN VISITORS COME TO VIETNAM IN Q1
Vietnam recorded over six million international arrivals in the first quarter of 2025, the highest quarterly figure on record, official data showed. The number of foreign visitors rose 29.6% from the same period in 2024, according to the General Statistics Office. March alone saw 2.05 million arrivals, up nearly 29% year-on-year.
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN THE FIRST QUARTER OF 2025
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
VIỆT NAM'S FOREIGN INVESTMENT SURGES 35% IN Q1
Việt Nam recorded approximately US$10.98 billion in foreign investment during the first quarter of this year, marking a 35 per cent year-on-year increase, according to the Foreign Investment Agency (FIA) under the Ministry of Finance. A total of 401 operating projects registered for investment capital adjustments in the first quarter of 2025, marking a 50 per cent increase. The total additional capital reached nearly $5.16 billion, a fivefold increase compared to the same period last year.
VIỆT NAM'S GDP EXPANDS BY 6.93 PER CENT IN Q1
According to the NSO, the agro-forestry-fishery, industry-construction, and service sectors expanded by 3.74 per cent, 7.42 per cent and 7.7 per cent, contributing 6.09 per cent, 40.17 per cent, and 53.74 per cent to the total GDP expansion during January–March, respectively. Việt Nam’s gross domestic product (GDP) grew 6.93 per cent in the first quarter of 2025 compared to the same period last year, the highest Q1 rate since 2020, the National Statistics Office (NSO) reported at a press conference in Hà Nội on Sunday.
