Vietnamplus

Sustainable development was important for Vietnam to recover from the impacts of the COVID-19 pandemic, experts said at a forum in Hanoi on November 10.

The disbursement of public investment sourced from the State budget reached 354.6 trillion VND (nearly 15.3 billion USD) in the first ten months of this year, an increase of 34.4 percent compared to the same period last year, according to the General Statistics Office (GSO).

Vietnam recorded nearly 111,200 new enterprises from January-October, a year-on-year decline of 2.9 percent, according to the General Statistics Office (GSO). The new entrants, however, have combined registered investment of more than 1,594 trillion VND (68.3 billion USD), up 11.1 percent against the same period last year.

The Ministry of Industry and Trade (MoIT) held a forum in Hanoi on October 29 to look at ways to improve the competitiveness of Vietnamese goods and take advantage of new generation trade agreements.

Business and production activities are expected to pick up in the last three months of a year, thus helping with the recovery of the labour market from the negative impacts of the COVID-19 pandemic. Therefore, the unemployment rate is likely to drop and labourers’ income is expected to rise in the last quarter of this year, experts said.

More jobs were created in the third quarter of this year on the back of the country’s economic resurgence, a press conference held by the General Statistics Office (GSO) on October 6 heard.

Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2 percent, according to the General Statistics Office (GSO).

The gross domestic product (GDP) in the first nine months of 2020 and the third quarter respectively grew 2.12 percent and 2.62 percent from a year earlier, the slowest pace in 10 years. However, this is still a success amid numerous difficulties caused by the COVID-19 pandemic.

Only 44,000 foreign visitors arrived in Vietnam during the third quarter of this year, equivalent to just 1 percent of the figure in the same period last year, the General Statistics Office (GSO) reported on September 29.

Total social investment in the first nine months of this year increased just 4.8 percent year-on-year to 1,445 trillion VND, the lowest pace during the 2016-2020 period, the General Statistics Office (GSO) revealed on September 29.

Vietnam maintained its upwards trend in exports at a time when COVID-19 has ravaged international trade, with year-on-year growth of 4.2 percent posted in the first nine months of 2020, according to the General Statistics Office (GSO).

The gross domestic product (GDP) of Vietnam grew 2.12 percent year-on-year in the first nine months of 2020, according to the General Statistics Office (GSO).

Most economic and financial indicators continue to demonstrate Vietnam’s resilience, according to the Vietnam Macro Monitoring report for September of the World Bank (WB).

Vietnam’s GDP growth this year can reach 2 – 3 percent, according to former director of the General Statistics Office (GSO) Nguyen Bich Lam.

The mining industry faced difficulties in the first eight months of this year due to being unable to enjoy tax and land rental incentives, said Nguyen Huu Quang, deputy head of the National Assembly's Committee on Finance and Budget.

In the context of COVID-19 returning from July, the General Statistics Office (GSO) continues to conduct a survey on impacts of the pandemic on production and business activities for the second time.

Public investment in August and the first eight months of this year increased 45.4 percent and 30.4 present year-on-year, respectively, according to the General Statistics Office (GSO).

The General Statistics Office (GSO) has urged designing specific support packages for disadvantaged labour groups in the context of 57.3 percent of labourers from 15 years old and above seeing their income reduce under the COVID-19 pandemic’s impact.

Vietnam’s revenue of retail sales and services in July was estimated at 431.9 trillion VND (18.6 billion USD), up 3.3 percent over the previous month and up 4.3 percent from the same period last year, according to the General Statistics Office (GSO).

Vietnam’s trade surplus with the rest of the world stood at 6.5 billion USD in the first seven months of this year amidst a decline in global trade due to the COVID-19 pandemic.