(MENAFN- Perceptiona) Hung Nguyen CFA, Senior Economist at Dragon Capital, commented, "What really stands out in the first quarter of 2024 is the jump in exports and imports, resulting in a hefty trade surplus of US$ 8.1bn vs US$ 4.9bn in Q1 2023. The remarkable growth in the tourism sector's sales of 46.3% was supported by international arrivals reaching pre-pandemic levels of 4.6 million.”

“Vietnam's GDP growth hitting a five-year peak of 5.7% in Q1 2024 clearly demonstrates the sound health of Vietnam’s economy. The industry and construction sectors have also made a remarkable recovery, growing by 6.3%, a stark contrast to the contraction of 0.4% seen over the same period last year.

"The encouraging 0.2% fall in March CPI is a testament to the effectiveness of our domestic monetary policies. This keeps the annual inflation rate at 3.8%, comfortably below the government's target of 4-4.5%. Such positive indicators reinforce our confidence in projecting a 6.5% GDP growth for 2024.”

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