Surging international crude oil price on improving demand has helped many oil and gas companies record big profits in the first quarter of this year, after losing in 2020.
Thanks to the preferential tariffs under the EU-Vietnam Free Trade Agreement, footwear exports to the bloc’s 27 member countries increased by 19.2 percent year-on-year in the first quarter of 2021.
Indonesia's economy continued to shrink at 0.74 percent year-on-year in the first quarter of 2021, according to Statistics Indonesia (BPS) head Suhariyanto.
About 9.1 million people in Vietnam had their employments negatively impacted by the COVID-19 pandemic in the first quarter of this year, with workers in the service sector being hardest hit, according to the General Statistics Office (GSO).
The southern province of Ba Ria-Vung Tau managed to achieve positive economic growth in the first quarter of 2021 driven by a surge in industrial production, port services and domestic travel.
The third COVID-19 resurgence has weakened the labour market recovery momentum gained in the second half of 2020 and forced many labourers, particularly women, to shift to informal employment, according to the latest report by the General Statistics Office (GSO).
The Vietnam Oil and Gas Group (PetroVietnam) contributed more than 19.02 trillion VND (823.7 million USD) to the State budget in the first three months of 2021, a 3 percent increase against the same period last year and 18 percent higher than its quarterly plan.
Binh Duong’s Index of Industrial Production (IIP) picked up 6.9 percent year-on-year in the first quarter, with FDI firms remaining the largest contributor, according to the provincial People’s Committee.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted credit growth of nearly 3.7 percent in the opening quarter of 2021, a record high for many years, Chairman of the Board of Directors Nghiem Xuan Thanh has said.
Vietnam’s industry grew 6.5 percent year on year in the first three months of 2020, with the manufacturing and processing sector expanding 9.45 percent and remaining as the main engine of the economic growth.
The southernmost province of Ca Mau saw a number of bright spots in its socio-economic development during the first quarter of this year, a conference held by the provincial Party Committee on April 1 heard.
Vietnam's gross domestic product (GDP) growth in the first quarter of 2021 was 4.48 percent, lower than the 5.2 percent scenario projected for the “new normal” situation, said Deputy Minister of Planning and Investment Tran Quoc Phuong, noting that this adds more pressure on the remaining months of this year so the target of 6.5-percent growth can be achieved.
The Consumer Price Index (CPI) in March inched up 1.16 percent from the same period last year, the lowest rise since 2016, according to the General Statistics Office (GSO).
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