AFF exports contribute to GDP growth in 2026

According to the Socio-Economic Report for Q1/2026 by the General Statistics Office (Ministry of Finance), gross domestic product (GDP) in Q1/2026 is estimated to increase by 7.83% compared to the same period last year (Q1/2025 increased by 7.07%).

Within the overall growth of the economy, the agriculture, forestry, and fisheries sector increased by 3.58%, contributing 5.60% to the total increase in gross value added of the entire economy; the industry and construction sector increased by 8.92%, contributing 44.08%; the services sector increased by 8.18%, contributing 50.32%.

Agriculture, forestry, and fisheries maintained stable growth, with perennial crop output performing well, pig farming continuing to recover, and aquaculture output increasing strongly thanks to the application of science and technology. The value added of the agriculture sector in Q1/2026 increased by 3.36% compared to the same period last year, contributing 4.01% to the total increase in gross value added of the entire economy; the forestry sector increased by 3.22%, contributing 0.21%; the fisheries sector increased by 4.51%, contributing 1.38%.

In the industry and construction sector, industrial production maintained a positive growth trend, while construction activities improved thanks to the acceleration of public investment disbursement. The total value added of the industrial sector in Q1/2026 increased by 9.01% compared to the same period last year (Q1/2025 increased by 7.63%), contributing 38.34% to the total increase in gross value added of the entire economy.

The manufacturing and processing industry remained the main growth driver of the entire economy with a growth rate of 9.73% (Q1/2025: 9.36%), contributing 32.52%; electricity production and distribution increased by 6.54%, contributing 3.78%; water supply, waste and wastewater management increased by 8.58%, contributing 0.63%; mining increased by 5.42%, contributing 1.41%. The construction sector increased by 8.36%, contributing 5.74%.

In the services sector, increased consumption demand during the Lunar New Year and a rise in international visitors to Vietnam helped boost growth in trade and services. Contributions of several market service industries to the total increase in gross value added of the economy in Q1 this year are as follows: wholesale and retail increased by 9.62% compared to the same period last year, contributing 14.52%; transportation and warehousing increased by 8.95%, contributing 6.95%; financial, banking and insurance activities increased by 7.70%, contributing 5.09%; information and communications increased by 7.65%, contributing 4.21%; accommodation and food services increased by 7.49%, contributing 2.89%.

In the economic structure of Q1/2026, the agriculture, forestry, and fisheries sector accounted for 10.89%; the industry and construction sector accounted for 37.15%; the services sector accounted for 43.45%; taxes less subsidies on products accounted for 8.51%.