SOCIO-ECONOMIC SITUATION IN THE FIRST QUARTER OF 2020

I. ECONOMIC SITUATION

1. The gross domestic product (GDP) in the first quarter of 2020 was estimated to increase by 3.82% over the same period last year.

In the overall growth of the economy, the agriculture, forestry and fishery witnessed a 0.08% increase (contributing 0.2% to the overall growth); the industry and construction saw a rise of 7.12%, although the growth rate is not high, this sector plays a key role in the economic growth of the first quarter of this year; the services moved up by 3.27% (contributing 41.4%).

Regarding the economic structure in the first quarter of 2020, the sector of agriculture, forestry and fishery accounted for 10.11% of GDP; the industry and construction took 35.52%; the services 43.71%; the taxes less subsidies on production made up 10.66% (corresponding structure in the same period in 2019 was 10.15%; 35.31%; 43.99%; 10.55%, respectively).

According to the GDP structure by expenditure category in 2019, final consumption jumped up by 3.07% compared to that in the same period in 2019, of which the final consumption of households increased by 2.92% (it grew by 7.22% in the similar period last year); accumulated assets moved up by 2.20%; export of goods and services saw a growth of 1.59%; import of goods and services recorded an 1.05% rise.

+ Gross Domestic Products in 1st Quarter of 2020

2. Agriculture, forestry and fishery

a) Agriculture

As of mid-March, the cultivated winter-spring rice area over the country reached 2,998.7 thousand hectares (ha), equalling 97% of that in the same period last year, of which the Northern localities gained 1,076.8% thousand ha, equalling 98.9%; the Southern localities achieved 1,921.9 thousand ha, equalling 96%. Up to now, the cultivated winter-spring rice area in the South was 1,143.1 thousand ha of winter-spring rice, equalling 105.9% of that in the identical period last year.

Also as of mid-March, the Mekong Delta finished the harvest of the 2019-2020 winter-rice crop. According to preliminary reports of localities, the cultivated area of the whole region was estimated at 169.2 thousand ha, down 2.5 thousand ha against the same period last year; productivity reached 4,450 kilograms per ha (kg/ha), down 90 kg/ha; recorded output was 753.2 thousand tons, down 26.6 thousand tons.

As of the middle of March, localities over the country cultivated 312.9 thousand ha of maize, equalling 98.7% of the cultivated maize area in the same period last year; 56 thousand ha of sweet potato, equalling 91.1%; 13.4 thousand ha of soya bean, equalling 89.3%; 113 thousand ha of peanut, equalling 93.5%; 543.8 thousand ha of vegetables, equalling 101.5%.

In the first quarter of 2020, the yield of perennial industrial crops was as follows: cashew gained 149.8 thousand tons, an increase of 6% over the same period last year; pepper recorded 137.6 thousand tons, up 2%; rubber reached 115.1 thousand tons, up 3.5%. Regarding the output of main fruit trees, pomelo achieved 140 thousand tons, moving up by 12%; dragon fruits gained 390 thousand tons, a rise of 10%; orange attained 229.3 thousand tons, an 8% increase; mango recorded 107.7 thousand tons, up 4.5%; pineapple reached 245.3 thousand tons, expanding by 3%; longan gained 82.6 thousand tons, moving up by 3%.

The whole country’s buffalo population continued to decrease by 2% compared to the same period last year. Production of living weight of buffalo in the first quarter of 2020 reached 27.5 thousand tons, an increase of 3.2%; production of living weight of cattle reached 106.5 thousand tons, growing by 7.3%; fresh cow’s milk production gained 257.1 thousand tons, up 5%. The whole country’s pig population in March reduced by 17.5% compared to the corresponding period in 2019; production of living weight of pig in the first quarter of 2020 reached 811 thousand tons, falling by 19.3% from the similar period last year. Estimated poultry population in March recorded a rise of 15% over the same period in 2019; the production of living weight of poultry in the first quarter of 2020 reached 383.4 thousand tons, growing by 17.6%; poultry eggs attained 4.1 billion pieces, increasing by 14.1%.

b) Forestry

In the first quarter of 2020, the area of concentrated planted forest was estimated at 32.6 thousand ha, a rise of 2.8% compared to the same period last year. The number of separate planted forestry trees gained 21.7 million trees, down 0.5%; wood production achieved 2,881 thousand m3, a growth of 5%; and firewood production was 4.6 million steres, a rise of 0.2%. There were 348.3 ha of damaged forest, 2.3 times as high as that in the same period last year, of which 217.1 ha were burnt, 4 times as high as the burnt forest area in the similar period last year; 131.2 ha were destroyed, up 37%.

c) Fishery

In the first quarter of 2020, fish production was estimated at 1,503.1 thousand tons, increasing by 2% from the corresponding period last year, of which the output of aquaculture was 662.1 thousand tons, recording a rise of 2.1%; the production of fishery caught witnessed a growth of 1.9% with 841 thousand tons (sea catching reached 806.2 thousand tons, up 2%).

Generally, in the first quarter of 2020, estimated catfish production was 242.8 thousand tons, moving down by 3.7% from the same period last year. Giant tiger prawn production was estimated at 45 thousand tons, increasing by 3.7% against the similar period last year. The production of whiteleg shrimp was recorded to be 49.8 thousand tons, up 8.5%.

+ Agricultural production as of March 15, 2020
+ Main products of animal husbandry
+ Outcome of forestry production
+ Fishing production

3. Industry and construction

The growth of the industry and construction in the first quarter of 2020 reached 5.15% compared to the corresponding period last year; of which the industry increased by 5.28%, mainly because of the manufacturing’s growth of only 7.12% and the mining and quarrying’s reduction of 3.18% due to a sharp drop in the exploitation of crude oil and natural gas.

Generally, in the first quarter of 2020, consumption index of the whole manufacturing recorded a low increase of 2.8% compared to the same period in 2019 (much lower than the growth rate of 8% in the first quarter in 2019). Inventory index of the entire manufacturing as of March 31, 2020 grew by 24.9% over the similar period last year (it went up by 15.6% in the same period in 2019). Average inventory rate of the whole manufacturing in the first quarter of 2020 gained 78.4% (it was 72.9% in the identical period last year).

+ Industrial Production Index
+ Main industrial products
+ Consumption and stock indexes of the manufacturing
+ Labor employed index (LEI) for industrial enterprises
+ Labor employed index (LEI) for industrial enterprises by province

4. Enterprises

a) Business registration situation[1]

In the first quarter of 2020[2], there were 29.7 thousand enterprises registered for new establishment with a registered capital of VND 351.4 trillion and the registered labor of 243.7 thousand persons, up 4.4% in the number of enterprises, down 6.4% in the amount of registered capital  and down 23.3% in the number of laborers compared to the same period last year. The average registered capital per new enterprise in the first quarter of 2020 was VND 11.8 billion, decreasing by 10.4% against the same period last year. The total registered capital added to the economy in the first quarter of 2020 was VND 903.8 trillion, including VND 552.4 trillion of the additional capital of 9.1 thousand enterprises registering to increase capital, showing a decline of 17.7% from the same period last year. In addition, there were 14.8 thousand enterprises resumed operation, falling by 1.6% against the similar period in 2019, bringing the total number of newly registered enterprises and re-operated enterprises in the first quarter of 2020 to 44.5 thousand ones. On average, there were nearly 14.8 thousand newly established enterprises and resumed ones each month.

The number of enterprises suspending operation for a definite time in the first three months of the year was 18.6 thousand ones, increasing by 26% compared to the similar period last year; the number of enterprises ceased operation waiting for dissolution procedures was 12.2 thousand ones, showing a decline of 20.6%, of which 2,629 enterprises had their business registration certificates revoked under the 2018 data standardization program; the number of enterprises completed dissolution procedures in the first quarter of 2020 was 4.1 thousand ones, equivalent to that in the same period last year.

+ Some indicators on enterprises
+ Number of newly registered enterperises (*)
+ Number of re-operated enterprises
+ Number of enterprises suspending for a definite time
+ Number of enterprises completed dissolution procedures

b) Business trends of enterprises

Survey results on business trends of enterprises in the manufacturing in the first quarter of 2020 showed that: 20.9% of enterprises rated their business performance in the first quarter of 2020 better than the fourth quarter of 2019; 42% of enterprises pointed to difficulties and 37.1% of enterprises said that their business and production situation was stable[3]. Expected in the second quarter of 2020 in comparison with the first quarter of 2020, 38.8% of enterprises rated the trend would be better; 25.9% of enterprises forecasted more difficulties and 35.3% of businesses thought that the business and production situation would be stable.

5. Trade and service activities

Total estimated retail sales of consumer goods and services in the first quarter of 2020 reached VND 1,246.1 trillion, a rise of 4.7% compared to the similar period last year. By kinds of economic activity, retail sales of goods in the first quarter of this year reached an estimate of VND 985.8 trillion, accounting for 79.1% of the total and increasing by 7.7% over the last year; Sales of accommodation and catering services achieved VND 126.2 trillion, accounting for 10.1% of the total and moving down by 9.6%; Estimated sales of travelling achieved VND 7.8 trillion, representing 0.6% of the total and dropping by 27.8% (it climbed by 13.2% in the similar period in 2019); Estimated sales of other services gained VND 126.3 trillion, taking 10.2% of the total and expanding by 1.5%.

The complicated development of the COVID-19 epidemic directly affected transportation activities in the first quarter of 2020. Transport of passengers reached an estimate of 1,190.7 million passengers, a decrease of 6.1% over the corresponding period last year (it grew by 10.8% in the same period in 2019) and 55.9 billion passengers-km, a drop of 8% (it increased by 10% in the similar period last year). The freight  reached 435.6 million tons, an increase of 1.1% against the similar period last year (it moved up by 8.6% in the same period in 2019) and 84.4 billion tons-km, a rise of 0.1% (it expanded by 6.5% in the identical period last year).

Turnover of telecommunications in the first three months of 2020 was estimated to reach VND 98.1 trillion, an increase of 5.8% compared to the same period last year. As of the end of March 2020, the total number of telephone subscribers was estimated to achieve 129.2 million subscribers, a decline of 6% from the similar period last year, of which mobile phone subscribers reached 125.5 million ones, falling by 5.9%. The number of fixed broadband Internet subscribers recorded an estimate of 15.2 million ones, an increase of 13%.

Generally for the first three months of this year, international visitors to Vietnam reached nearly 3.7 million arrivals, moving down by 18.1% compared to the same period last year, of which visitors coming by airway gained 2,991.6 thousand arrivals, accounting for 81.1% of the total number of visitors to coming to Vietnam and dropping 14.9%; visitors coming by road achieved 551.1 thousand arrivals, taking 15% and going down by 39.4%; visitors coming by seaway recorded 144.1 thousand arrivals, representing 3.9% and increasing by 92.1%. Visitors coming from Asia reached 2,674.4 thousand arrivals, decreasing by 21.1% over the identical period last year. Visitors from Europe reached an estimate of 664.3 thousand arrivals, a decline of 3.1%. Visitors from America gained an estimate of 234 thousand arrivals, decreasing by 20.2%. Visitors from Australia achieved 102.2 thousand arrivals, dropping by 14.4%. Visitors from Africa reached 11.9 thousand arrivals, growing by 2%.

+ Total retail sales of consumer goods and services in March and 1st quarter of 2020
+ Carriage of passengers
+ Carriage of cargos
+ International visitors to Vietnam

6. Banking, insurance and stock market

As of March 20, 2020, total payment means increased by 1.55% over the end of 2019 (it grew by 2.54% in the same period last year); capital mobilization of credit organizations witnessed a rise of 0.51% (its growth rate in the same period in 2019 was 1.72%); credit growth of the economy hit 0.68% (it was 1.9% in the corresponding period last year), showing that enterprises were facing many difficulties, had to narrow production and business activities. In the face of the serious impact of the COVID-19 epidemic on the economy, to match the developments of the macroeconomy and the international financial market and to remove difficulties for production and business activities, on March 16, 2020, the State Bank of Vietnam decided to adjust the interest rates, in which the refinancing interest rate was cut down from 6.0% p.a to 5.0% p.a; the rediscounting rate was reduced to 3.5% p.a from the current 4.0% p.a.

Insurance business in the first quarter of 2020 hit a high growth with an estimated rate of 16% compared to the same period last year, of which life insurance premium revenues saw a rise of 21%; non-life insurance premium revenues grew by 8%.

The stock market’s total capital mobilization for the economy in the first quarter of 2020 reached only VND 29.5 trillion, down 65% compared to the similar period last year. In the stock market, as of March 23, 2020, the VNIndex reached 657.43 points, down 25.5% from the end of the previous month and down 31.6% against the end of 2019; market capitalization gained VND 3,302 trillion, down 24.7% from the end of 2019; The average transaction value from the beginning of the year till now achieved VND 4,676 billion per session, a rise of 0.04% compared to the average in 2019. In the bond market, there were 483 listed bond codes with a listing value of VND 1,163 trillion, dropping by 0.8% compared to the end of 2019. In the derivatives market, generally for the first quarter of 2020, the average trading volume recorded 122,436 contracts per session, up 38% compared to that in 2019.

7. Realized social investment capital

Realized social investment capital at current prices in the first quarter of 2020 was estimated at VND 367.9 trillion, increasing by 2.2% over the similar period last year and equalled 31% of GDP, of which the State sector’s capital reached VND 112.1 trillion, holding 30.5% of the total capital and expanding by 5.8%; the non-State sector’s capital achieved VND 166.5 trillion, accounting for 45.2%, increasing by 4.2%; the FDI sector’s capital gained VND 89.3 trillion, representing 24.3%, moving down by 5.4%.

The total foreign investment in Vietnam as of March 20, 2020, including the newly registered, adjusted capital, contributed capital and shares purchased by foreign investors, reached nearly US$ 8.6 billion, down 20.9% compared to the same period last year. In particular, there were 758 newly licensed projects with a total registered capital of US$ 5.5 billion, a decline of 3.4% in the number of projects and a rise of 44.8% in the amount of registered capital against the similar period last year. In addition, there were 236 turns of license-granted projects from previous years registered to adjust investment capital with additional capital of US$ 1.1 billion, decreasing by 18%; 2,523 turns of capital contribution and share purchase of foreign investors with the total contributed capital of nearly US$ 2 billion, falling by 65.6%, including 455 turns of capital contribution, share purchase increasing the charter capital of enterprises with the contributed capital of US$ 0.71 billion, and 2,068 turns of foreign investors buying domestic shares back without increasing charter capital with contributed capital of US$ 1.25 billion. The realized foreign direct investment capital the first quarter of 2020 was estimated at US$ 3.9 billion, down 6.6% over the similar period last year.

Vietnam’s direct investment abroad in the first three months of 2020 recorded 27 projects newly granted the Outward Investment Registration Certificate with Vietnam’s total investment capital of US$ 22.9 million; 06 turns of projects adjusting the capital with additional capital of US$ 26.4 million. Generally, Vietnam’s total offshore investment capital (including newly granted and additional capital) gained US$ 49.3 million.

+ Realized social investment capital at current prices
+ Realized investment capital under the State budget
+ Licensed FDI projects from January 01 to March 20, 2020

8. Government revenues and expenditures

Total estimated government revenues from the beginning of the year to March 15, 2020 achieved VND 311.3 trillion, equalling 20.6% of the annual estimate, of which domestic revenues recorded VND 256.8 trillion, equalling 20.3%; collecting from crude oil gained VND 12.1 trillion, equalling 34.5%; from export-import balance obtained VND 42.4 trillion, equalling 20.4%.

Total government expenditures from the beginning of the year to March 15, 2020 was estimated at VND 278.1 trillion, equalling 15.9% of the yearly estimate, of which regular expenditures were VND 201.2 trillion, equalling 19%; expenditure on development investment achieved VND 47.7 trillion, equalling 10.1%; VND 28.6 trillion were spent on interest payment, equalling 24.2%.

9. Exports and imports

a) Merchandize exports and imports

Generally for the first quarter of 2020, export turnover of goods was estimated at US$ 59.08 billion, a rise of 0.5% from the same period last year, of which the domestic economic sector achieved US$ 18.65 billion, jumping up by 8.7%, accounting for 31.6% of the total export turnover; the FDI sector (including crude oil) gained US$ 40.43 billion, reducing by 2.9%, accounting for 68.4%. In the first quarter, there were 8 items with export turnover of more than US$ 1 billion, taking 70.6% of the total export turnover.

Generally, import turnover of goods in the first quarter of 2020 reached an estimate of US$ 56.26 billion, moving down by 1.9% from the same period last year, of which the domestic economic sector gained US$ 23.08 billion, dropping by 3.4%; the FDI sector achieved US$ 33.18 billion, falling by0.8%. In the first quarter, there were 14 import items with turnover of more than US$ 1 billion, representing 72.9% of the total import turnover.

The trade balance of goods in the first quarter of 2020 continued to record trade surplus of US$ 2.8 billion[4] (it had trade surplus of US$ 1.5 billion in the same period last year), of which the domestic economic sector had trade deficit of US$ 4.4 billion while the FDI sector (including crude oil) witnessed trade surplus of US$ 7.2 billion.

b) Export and import of services

In the first quarter of 2020, service export turnover was estimated at US$ 3.34 billion, down 19.6% compared to the same period last year, of which travel service gained US$ 2.4 billion (accounting for 71.9% of the total turnover), a decline of 18.6%; transportation service achieved US$ 510 million (accounting for 15.3%), decreasing by 31.9%. Estimated service import turnover in the first quarter reached US$ 4.27 billion, down 4.9% over the identical period last year, of which transportation service gained US$ 2 billion (accounting for 46.8% of the total turnover), falling by 7%; travel service attained US$ 1.4 billion (making up 31.6%), showing a reduction of 2.9%. Trade deficit of services in the first quarter of 2020 was US$ 930 million (it was US$ 335 million in the similar period last year), equalling 27.8% of the service export turnover.

+ Exports
+ Imports
+ Exports and imports of services

10. Price indexes

a) Consumer price indexes (CPI)

In CPI’s decrease of 0.72% in March 2020 compared to the previous month, there were 7/11 groups of goods and services with reduced price index, of which the transportation recorded the highest decrease. Average CPI in the first quarter of 2020 increased by 5.56% compared to the same period in 2019; CPI in March 2020 went up by 0.34% against December 2019 and by 4.87% from the similar period in 2019. Average core inflation in the first quarter of 2020 climbed by 3.05% over the similar period last year.

b) Gold and US dollar price indexes

Domestic gold price index in March 2020 recorded a rise of 3.87% from the previous month, an increase of 11.37% over December 2019 and a growth of 25.31% against the same period last year.

The US dollar price index in March 2020 witnessed a 0.17% increase over the previous month, a 0.51% growth against December 2019 and a rise of 0.17% compared to the same period in 2019.

c) Producer price indexes (PPI) and export-import price indexes

PPI for agriculture, forestry and fishery in the first quarter of 2020 increased by 4.45% against the fourth quarter of 2019 and  by 5.97% over the same period last year; similarly, PPI for industry dropped  by 0.03% and went up by 1.05%; PPI for services moved down by 0.25% and went up by 2.28%.

In the first quarter of 2020, merchandize export price index fell by 0.28% from the fourth quarter of 2019 and by 0.53% against the same period last year; similarly, merchandize import price index moved down by 0.16% and climbed by 0.08%; merchandize term of trade[5] decreased by 0.12% and by 0.61%, this is the first time the merchandize term of trade has decreased in the last 3 years[6].

+ Consumer price indexes, gold, US dollar price indexes and core inflation in March 2020
+ Producer Price Indexes
+ Price index of materials, fuels used for production
+ Transport and Warehouse Charge Index
+ Merchandize export price index
+ Merchandize import price index
+ Commodity term of trade

II. SOCIAL ISSUES

1. People’s life

In March, the whole country had 8.6 thousand households suffering from food shortage, corresponding to 36.3 thousand persons suffering from this difficulty, 11 times as high as the number of hungry people in the previous month and 5 times as high as the number of households and people facing hunger. In the first quarter of 2020, there were 12.4 thousand households suffering food shortage over the country, a reduction of 56.4% compared to the same period last year, corresponding to 49.7 thousand persons facing this difficulty. To overcome this problem, from the beginning of the year, all administrative levels, sectors and organizations from the central to local supported difficult households with 243.3 tons of rice.

According to preliminary reports, total funding for social security and poverty reduction activities in the first 3 months of the year was over VND 4.8 trillion (of which gifts for policy beneficiaries and people with merit were VND 2.9 trillion; VND 1.3 trillion were used to support poor people; 0.6 trillion dongs were used for food aid and other social relief), over 17.5 million free health insurance cards and health care books/cards were donated to the policy beneficiaries throughout the country.

2. Education and training

In order to prevent the spread of COVID-19 epidemic and ensure the people’s health, most localities across the country have sent pupils and students out of school (including 5 million preschool children; 17 million pupils of general education and over 1.5 million students of universities, colleges and intermediate schools[7]). The decision to leave pupils and students out of school is the right one in the context of a complicated epidemic outbreak; however, this affects the plan and order of teaching and learning of the schools and pupils, students as well as their parents, especially parents of preschool and elementary school pupils.

Vocational education’s specific feature is the theoretical study at the school combined with the practice at workshops, factories, enterprises, but due to the requirement of the prevention and control of COVID-19 epidemic, it is necessary to avoid crowds. Therefore, vocational training as well as enrollment work at this time met many difficulties, affecting the training plan during the school year.

3. Health

The COVID-19 epidemic is becoming more and more complicated in the world. As of 7:30 am on March 27, 2020, Vietnam confirmed 153 positive cases of COVID-19 (17 cases have been cured).

In the first three months of 2020, the whole country had 19.7 thousand cases of hemorrhagic fever (1 case died); 4,019 cases of hand, foot, mouth disease;  67 cases of virus encephalitis; 1 case of meningococcal disease; and  2,427 cases of scarlet fever suspected for measles, of which 76 cases were positive for measles.

Total number of alive HIV-infected persons over the country as of March 18, 2020 was 210.3 thousand persons and 97,106 cases turned to AIDS. The number of persons died of HIV/AIDS as of above time-point was 98,622 persons.

Generally for the first three months of 2020, the whole country recorded 15 cases of food poisoning with 242 poisoned persons (5 deaths).

4. Cultural and sport activities

In the face of the complicated development of COVID-19 epidemic, many localities have stopped big festivals as well as mass gatherings. Sports activities have been delayed due to the effects of the COVID-19 epidemic, including the Olympic Run Day for Public Health 2020.

Regarding high performance sport activities, in the first three months of the year, Vietnam Sports achieved many outstanding results as following: Vietnam’s Weightlifting Team won 13 gold medals, 6 silver medals and 2 bronze medals at the ongoing 2020 Asian Youth and Junior Weightlifting Championships; won 10 gold medals, 2 silver medals and 2 bronze medals at the 2020 Roma Weightlifting World Cup. Vietnam also won a bronze medal at the 2020 Gymnastics World Cup. In addition, Vietnam won a bronze medal at the Olympic Boxing Qualifier for Asia/Oceania; won 3 gold medals, 3 silver medals and 2 bronze medals at the Asian Archery Championships. Generally for the first quarter of 2020, Vietnam Sports delegation has had 5 main places to attend the Tokyo 2020 Olympic Games including the sports: archery, boxing, gymnastics and swimming.

5. Traffic accidents

Generally for the first quarters of 2020, 3,469 traffic accidents occurred nationwide, including 1,942 cases of traffic accidents from less serious to become and 1,527 cases of traffic collisions, causing 1,639 deaths, 1,004 injuries and 1,565 minor injuries. Compared to the same period last year, the number of traffic accidents in the first three months of 2020 declined by 13.9% (number of traffic accidents of differently serious levels reduced by 9.6%; number of traffic collisions decreased by 18.9%); number of death fell by 14%; number of injuries went down by 17% and number of minor injuries dropped by 19%. On average, there were 38 traffic accidents occurred nationwide each day in the first three months of the year, including 21 traffic accidents from less serious to become and 17 traffic collisions, causing 18 deaths, 11 injuries and 17 minor injuries.

6. Natural calamity, environmental pollution, fire and explosion

According to preliminary reports of localities, in the first three months of the year, natural calamity made 9 persons died, 18 ones injured, 39.3 thousand ha of rice and nearly 7 thousand ha of crops damaged; 24 houses collapsed and swept away;  over 23 thousand houses damaged. The total loss in asset caused by natural disasters in the first quarter was estimated at nearly VND 934.4 billion, 9 times as high as the damaged value in the same period in 2019.

Also in the first three months of the year, 2,545 cases of violating regulations of environment protection were found over the country, of which 2,246 cases were treated with total fine of VND 58.5 billion. In three months, there were 791 fire and explosion cases in the whole country, causing 25 deaths and 61 injuries, with an estimated damage of VND 197.4 billion.

+ Selected indicators on labours
+ Unemployment and underemployment rate of laborers in the 1st quarter of 2020
+ Some key social and environmental indicators

GENERAL STATISTICS OFFICE

[1] Source: National Business Registration Information System, Agency for Business Registration, Ministry of Planning and Investment.

[2] Excluding an enterprise in Hanoi registered for new establishment in the area of real estate business in January 2020 with the registered capital of VND 144 trillion.

[3] Corresponding rates for the fourth quarter of 2019 were as follows: 46.7% of enterprises rated their business performance year better than the previous quarter; 17% of enterprises pointed to difficulties and 36.3% of enterprises said that their business and production situation was stable.                                                                                                                                                              

[4] Of which trade surplus with EU in the first quarter of 2020 gained US$ 4.1 billion, a decline of 26.3% compared to the same period last year; trade deficit with China was US$ 4.9  billion, a 43.5% reduction; trade deficit with South Korea was US$ 7.2 billion, a rise of 6%; trade deficit with ASEAN was US$ 1.2 billion, dropping by 20.4%.

[5] The ratio of the export price index to the corresponding import price index.

[6] Merchandize term of trade in the first quarter in comparison with the same period of the previous year in the years 2018-2020 are a rise of 0.07%; a 2.27% increase; a decrease of 0.61%, respectively.

[7] Only including students in colleges and intermediate schools of education.


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