Vietnamese economy rosy in Q1 but still faces bumpy road ahead, says finance expert

HANOI, April 9 (Xinhua): Vietnam's production and business recovered in the first quarter of this year, but are still encountering many obstacles, including adverse impacts of the global pandemic and the ongoing Russia-Ukraine conflict, said local experts and international organisations.

According to Vietnam's General Statistics Office (GSO) under the Ministry of Planning and Investment, the country's gross domestic product (GDP) grew 5.03 per cent in the first quarter of this year, compared with 4.72 per cent in the same period last year, and 3.66 per cent in the first quarter of 2020, creating a springboard for economic growth in the next quarters of 2022.