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VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC ON THE SOCIO-ECONOMIC SITUATION IN JUNE AND THE FIRST 6 MONTHS OF 2024

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

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VIETNAM ECONOMY INVESTMENT

INDUSTRIAL OUTPUT RISES 7.5% IN H1

The manufacturing and processing sector led the growth with an 8.7% increase, contributing 2.14 percentage points to the overall economic expansion. The electricity production and distribution sector experienced a significant 13% rise, adding 0.5 percentage point, while the water supply and waste management sector grew by 7%, contributing 0.04 percentage point. However, the mining sector contracted by 7%, driving down the overall growth by 0.24 percentage point.

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PROPERTY / INDUSTRIAL ZONE

LAND LAW 2024 DISSEMINATED TO VIETNAMESE COMMUNITY ABROAD

The Ministry of Foreign Affairs' State Committee for Overseas Vietnamese (SCOV) in coordination with the Hanoi Bar Association organised a conference on June 27 to popularise regulations and laws regarding the Land Law 2024 of Vietnam to overseas Vietnamese (OVs).

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VIETNAM ECONOMY INVESTMENT

FDI INFLOWS ROSE BY 13.1 PER CENT IN H1

In the first half of the year, foreign direct investment (FDI) reported an increase of 13.1 per cent, while FDI disbursement also surged by 8.2 per cent on year. According to the latest report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, the total registered FDI in the first half of the year was $15.2 billion, up 13.1 per cent.

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VIETNAM ECONOMY INVESTMENT

HANOI REPORTS IMPORT-EXPORT TURNOVER OF $28.6 BILLION

Key products seeing an increase in turnover in the first half of the year include computers, electronic products and spare parts worth $1.25 billion (up 13.6 per cent on-year), transport vehicles and related products worth $1.06 billion, and agricultural products worth $836 million, among others.

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VIETNAM ECONOMY INVESTMENT

NEW MANUFACTURING ORDERS SURGE TO NEAR-RECORD HIGH

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose sharply to 54.7 points in June from 50.3 points in May. Not only did this show a third consecutive monthly improvement in the sector, but it also indicated that business conditions strengthened markedly. In fact, the improvement in operating conditions was the joint-strongest since November 2018, equal to those seen in April 2021 and May 2022.

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TECHNOLOGY

ADVANCING 5G NETWORK COMMERCIALIZATION

To commercialize 5G nationwide, in 2019, MIC granted testing licenses to carriers and issued many support policies to promote 5G network and application development. Meanwhile, Vietnamese telecom firms have also constantly invested, researched and implemented many activities to develop and expand 5G network operations.

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VIETNAM ECONOMY INVESTMENT

POLICY SUPPORT FOR DOMESTIC AUTOMOBILE MANUFACTURING AND ASSEMBLY ENTERPRISES

The Vietnamese Government has recently disseminated a decree that extends the deadline for the payment of special consumption tax on domestically manufactured and assembled automobiles. This measure is expected to bolster the recovery efforts of domestic automobile enterprises.


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