Vietnam shows fastest first quarter growth in 5 years

Vietnam shows fastest first quarter growth in 5 years

People shop for fruits at a Fivimart supermarket in Hanoi. Vietnam's economy in the first quarter grows 6.03% from a year ago. (Reuters photo)
People shop for fruits at a Fivimart supermarket in Hanoi. Vietnam's economy in the first quarter grows 6.03% from a year ago. (Reuters photo)

HANOI — Vietnam's economy hustled to a growth rate of more than 6% during the first three months of the year, the government said Wednesday, its largest first-quarter expansion since 2010.

"Gross domestic product grew 6.03% in the first quarter of the year, the highest figure over the past five years," Prime Minister Nguyen Tan Dung said in the government's regular monthly economic report.

"The figure has been carefully reviewed and is a real figure, calculated in a scientific manner, basing on international norms," Dung added.

Economic experts in the past have criticised the government for failing to calculate economic data in line with international standards.

Vietnam's policymakers have set a target of 6.2% GDP growth this year while holding inflation to no more than 5%.

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