The General Statistics Office (GSO) forecast if the coronavirus epidemic is stamped out in the first quarter this year, Vietnam’s industrial production value in the first quarter would increase by 2.68 percent year-on-year, lower than growth rate of 9 percent in the first quarter of 2019 and 10.45 percent in the first quarter of 2018.
Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.
Vietnam’s gross domestic product (GDP) increased 7.02 percent in 2019, marking the second straight year the economic growth rate topping 7 percent since 2011, according to the General Statistics Office (GSO).
Although the petrol price has increased twice in April, adding 1,000 VND per litre in the latest adjustment on April 17, the consumer price index (CPI) is still under the control of the Government, experts have said.
The consumer price index (CPI) in March fell 0.21 percent from the previous month, which was largely driven by lower prices in seven of the 11 groups of consumer goods and services.
Lower prices in seven of the 11 groups of consumer goods and services helped drag the consumer price index (CPI) in March down by 0.21 percent from last month, according to the General Statistics Office (GSO).
The General Statistics Office (GSO) will continue improving the quality of its statistics and increasing information sharing with ministries and sectors, thus better serving the Government’s management over the macro-economy and socio-economic development, GSO General Director Nguyen Bich Lam said.
Most firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO).
Vietnam aims to have 1 million businesses by 2020, and to reach this lofty goal, more timely solutions are needed, according to Minister of Planning and Investment Nguyen Chi Dung.
Nearly 517,900 businesses were operating in Vietnam in 2017, rising 51.6 percent from the figure recorded in 2012, according to the general economic census announced by the General Statistics Office of Vietnam (GSO) on September 19.
Nearly 75,800 new enterprises were established nationwide in the first seven months of the year, with a total registered capital of 771 trillion VND, a year-on-year rise of 3.9 percent in the number of firms, and a 11.6-percent rise in terms of capital.
As many as 64,531 new enterprises have been set up in the first half of 2018 with a total registered capital of 649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from the same period last year, respectively.
Vietnam’s gross domestic product (GDP) expanded 7.08 percent in the first half of the year, marking the highest rate since 2010, fueled by robust expansion of the industrial and construction sector and service sector, according to the General Statistics Office (GSO).
Vietnam’s total revenue from retail trade and services rose 10 percent year-on-year to exceed 1 quadrillion VND (44.05 billion USD) in the first quarter of 2018, reported the General Statistics Office (GSO).
Vietnam’s industrial production index grew 9.4 percent in 2017, well above the growth of 7.4 percent in the previous year, driven by strong expansion in manufacturing-processing (14.5 percent).
Vietnam saw 126,859 new enterprises established with a total registered capital of 1,295.9 trillion VND (57 billion USD) in 2017, up 15.2 percent in number and 45.5 percent in capital year-on-year.
Vietnam’s gross domestic product (GDP) in the first nine months of 2017 grew about 6.41 percent as compared to the same period last year, reported the General Statistics Office (GSO).
GSO General Director Nguyen Bich Lam said 2016 was a successful year in controlling inflation amidst rebounding prices of some essential goods, as the CPI in December increased by 4.74 percent from a year earlier, lower than the 5 percent target set by the National Assembly.
Enterprises, especially foreign-invested and State-owned ones, expect better business performance in Q4, according to the General Statistics Office (GSO).
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XIII National Congress of Communist Party of Vietnam
