Growth in the January-March quarter was faster than the expansion of 3.41% in the corresponding period last year, but slower than the fourth-quarter growth of 6.72%. First-quarter numbers are generally lower because of festival holidays.
The Southeast Asian nation, a manufacturing hub and key exporter of smartphones, electronics and garments, is seeking to shore up business activities after missing last year's growth target on weak global demand and brief power shortages. It has set a target of 6.0% to 6.5% GDP growth this year.
The manufacturing and construction sector grew 6.28%, while the services sector expanded 6.12% in the quarter from a year earlier, the General Statistics Office (GSO) said in a report.
Goods exports from Vietnam grew sharply in the quarter, despite Red Sea shipping disruptions, which official estimates show boosted costs by 55% to 73% for cargoes from the country.
Goods exports in the quarter grew 17% from a year earlier to US$93.06 billion, while imports were up 13.9% at US$84.98 billion, resulting in a trade surplus of US$8.08 billion.
Shipments of electronics rose 30% from a year earlier, while smartphone exports increased 10% and garments 7.9%, the GSO said.
Industrial production in the quarter rose 5.7% from a year earlier, the GSO said, adding that March consumer prices rose 3.97% from a year earlier and retail sales in the January-March period rose 8.2%.
Last week, Prime Minister Pham Minh Chinh reassured foreign investors there would be no repeat of last year's power shortages for their factories, as Vietnam ramps up coal imports.
Vietnam's electricity output in the first quarter grew 11.4% from a year earlier to 65.5 billion kWh, the GSO said.
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