Vietnam's first quarter economic growth higher year-on-year

Saleswomen stand next to appliances at a homeware mall in Hanoi on Tuesday, March 29, 2022. Vietnam's economy expanded more than five percent in the first three months of the year, the government said on Tuesday. - AFP

HANOI, March 29, 2022 (AFP): Vietnam's economy expanded more than five percent in the first three months of the year, the government said on Tuesday thanks to a pick-up in exports as the country emerges from the worst of the global pandemic, though officials warned of headwinds.

The communist state has long been a success story among Asian economies, posting growth of seven percent in 2019.