Industrial production grows 2.71% in first half of 2020
Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.
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Vietnam's industrial production grew by a modest 2.71% in the first six months of 2020 due to the impact of the coronavirus, according to the General Statistics Office.
Tax collection in the State budget was VND499.83 trillion (US$21.5 billion) in the first five months of this year, equivalent to 39.8% of the yearly estimate and 97.6% of the figure for the same period in 2019, according to the General Department of Taxation.
The 9th working session of the National Assembly opened this morning with key topics of COVID-19 containment, evaluation of socio-economic development in 2019 and socio-economic performance in the first months of 2020 among others.
As many as 670,000 employees lost their jobs in the first four months of 2020 due to the COVID-19 crisis, according to the Department of Employment under the Ministry of Labour, Invalids and Social Affairs.
Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
Viet Nam has exported 415.7 million cloth masks, fine dust masks, and two-layer cotton masks worth US$ 63.19 million since the beginning of 2020, the Viet Nam Customs reported.
The COVID-19 oubreaks have produced negative impacts on the national economy in the first four months this year, according to data released by the General Statistics Office.
Total foreign investment inflows recorded a year-on-year decrease of 14.5% to US$12.33 billion as of April 20, according to the Ministry of Planning and Investment.
Ninh Binh province's export turnover reached 313 million USD in the first two months of 2020, representing a year-on-year rise of 9.3 percent and higher than the country's average growth of 1.5 percent.
Vietnam welcomed nearly 3.7 million international tourists in the first three months of 2020, down 18.1 percent from the same period last year, according to the General Statistics Office (GSO).
The northern province of Ninh Binh disbursed 1.13 trillion VND (some 47.9 million USD) of public investment in the first two months of 2020, fulfilling 50 percent of the set target.
Almost 34.75 trillion VND (1.49 billion USD) of public investment capital was disbursed in the first two months of 2020, equivalent to 7.38 percent of the year's plan and nearly doubling the value and progress in the same period last year.
Vietnam has exported approximately 890,000 tonnes of rice worth US$420 million in the first two months of 2020, an increase of 27% in terms of volume and 32% in terms of value compared to the same period in 2019.
Nearly 16,200 businesses suspended operations in the first two months of this year, up 19.5 percent annually, reported the General Statistics Office.
The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade's Foreign Trade Agency.
Vietnam attracted US$29.11 billion in foreign direct investment (FDI) in the first eleven months of 2019, up 3.1% over the same period last year, according to the Ministry of Planning and Investment.
Vietnam reported US$428.63 billion worth of import and export revenue in the first 10 months of 2019, up 8% compared to the same period in 2018, according to the General Department of Vietnam Customs.
Vietnam's export revenue was estimated at 217.05 billion USD in the first 10 months of this year, up 7.4 percent annually, according to the Ministry of Industry and Trade.
The index of industrial production (IIP) for the first 10 months of this year increased by 9.5 percent from the same period last year, led by the manufacturing-processing sector.
Ninh Binh is estimated to earn an export revenue of over 2 billion USD in the first 10 months of 2019, representing a surge of 69.1 percent against same period last year.
As many as 7,247 enterprises resumed their business activities in October, three times higher than the previous months and up 109.9% over the same period in 2018, the General Statistics Office has announced.
Exports to all of Viet Nam's FTA partners grew well in the first nine months this year, contributing a trade surplus of US$ 6 billion in the reviewed period, according to the Ministry of Industry and Trade.
The northern province of Ninh Binh served more than 6.5 million holiday-makers between January and September, reeling in nearly 29 trillion VND (125 billion USD) in total.
Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office.
Fruit and vegetable exports in the first eight months of this year reached US$2.53 billion, down 5.8% year-on-year, according to the Agro Processing and Market Development Department (Agrotrade) under the Ministry of Agriculture and Rural Development.