Given the overall 6% growth projection for the year, the 5.7% growth in Q1 is positive as Vietnam tends to see an upward growth trend in the coming quarters and throughout the year.

GDP growth in the first quarter reached 5.66%, the highest since 2020.

The Government is expected to continue promoting the new pillars of the green economy and sustainable growth for a rapid and sustainable recovery.

A challenging external environment and weaker domestic demand are leading to a slowdown in economic growth in Vietnam.

The goal of fully disbursing the public investment fund of VND711 trillion (US$30 billion) this year remains challenging.

The services sector has been a driver of economic support, with policies aimed at stimulating domestic consumption and promoting tourism to sustain growth in this sector.

The country's attractiveness as a destination for FDI in Southeast Asia with a young, increasingly educated and competitive workforce should help to keep long-term development intact.

Vietnam's economic growth began to weaken in late 2022 and continued into early 2023, resulting in GDP growth of only 3.32% in the first quarter.

This year, AMRO expected Vietnam’s GDP growth to hit 6% in 2023, and then rebound to 7,1% in 2024.