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Economy growing strongly on back of COVID-19 endgame 08:00 | 08/04/2021 Efforts to boost business and production fuelled by the gradual use of COVID-19 vaccines have helped recover the country’s economic growth, driven largely by the manufacturing and processing activities. State-owned Vietnam Oil and Gas Group (PetroVietnam) last week reported that its total revenue in the first three months of the year is estimated to be over VND113 trillion ($4.91 billion), down 6 per cent on-year. However, the group’s revenue from industrial activities increased 2 per cent, and that from the service activities decreased 21 per cent on-year. A number of the group’s products which were consumed in the first quarter witnessed an on-year rise, including fertiliser (7 per cent), liquefied petroleum gas (29 per cent), condensate (12 per cent), and assorted petrols (5 per cent).

Republic ofMai tienNguyen xuan phucSeung hyun luke hongMacroeconomic research officeInternational monetary fundGovernment officeGas group petrovietnamInternational finance corporationVietnam oilState owned vietnam oilGas groupPrime minister nguyen xuan phucMai tien dungResearch officeSeung hyun luke