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Bangkok Post

Business

Vietnam's Q1 GDP growth tops 5%

Vietnam Capital Economics Hanoi

Customers at an outdoor coffee shop near Notre Dame Cathedral in District 1 in Ho Chi Minh City, Vietnam, on Monday. (Photo: Bloomberg)

HANOI: Vietnam's gross domestic product grew 5.03% in the first quarter from a year earlier, official data showed on Tuesday, as the Southeast Asian country reopened more parts of its economy after relaxing coronavirus restrictions.

The pace of economic growth beat the 4.72% recorded in the first quarter last year and compared with 5.22% in the fourth quarter of 2021.

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