Live Updates > Live Update Details
2026-04-04 10:06:48
[Vietnam's GDP growth slowed to 7.83% in the first quarter, with dependence on Middle Eastern oil being the main reason] (1) According to data from the National Statistics Department of Vietnam, the country's GDP grew by 7.83% year-on-year in the first quarter of this year, lower than the 8.46% in the fourth quarter of last year, and the economic growth rate slowed down compared to the previous quarter. (2) The Vietnamese government has set a growth target of no less than 10% for this year, but is currently facing pressure. More than 80% of the country's crude oil is imported from the Middle East, and the war with Iran has disrupted the transportation of crude oil from the Middle East. (3) Rising fuel prices have forced Vietnamese airlines to reduce operations, and the authorities have taken measures to control costs, including reducing fuel taxes, subsidizing prices through government funds, and encouraging remote work to reduce energy consumption.
