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LOWEST GDP GROWTH IN 10 YEARS

Due to the new impact of the coronavirus, Vietnam's GDP growth hit around 3.82 percent in the first quarter, the lowest level since 2010, the General Statistics Office reported on Friday. This is lower than the previous worst case forecast of 5.96% for the whole year of the Ministry of Planning and Investment. The manufacturing and construction sector grew by 7.12% in Q1, the highest of any region. Services increased by 3.27% and agriculture, forestry and fishery by 0.08%. Up to 18,600 companies suspended business in Q1, an increase of 26% year-on-year.