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01 Jan 2017
Retail sales of goods and services in 2016

Retail sales (Total)
 
Total estimated retail sales of consumer goods and services= 3527.4 trillion dongs (up 10.2% over 2015), if the price factor were excluded, the growth rate would be 7.8%, lower than the growth rate of 8.5% in the previous year due to having no significant change in purchasing power, while the consumer price this year was higher than in 2015.
 
Transportation & Telecommunication
 
Estimated passenger carriage = 3620.5 million passengers (raised by 9.6%).
Estimated cargo carriage =1275.4 million tons (up 10.6%).
Estimated telecommunication sales = 381.7 trillion dongs (up 6.6% over 2015).
 
Tourist
International visitors to Vietnam = 10.01 million arrivals (up 26% from 2015).
This is the first time Vietnam welcomed more than 10 million international visitors, double the amount of visitors to Vietnam in 2010.
Of which visitors coming by airway = 8.26 million arrivals (up 31.7%); by road= 1.47 million arrivals (down 2.3%); by seaway =284.8 thousand arrivals (up 67.7%).
 
Source: General Statistics Office

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01 Jan 2017
Exports and imports of goods in 2016

Overall
 
In general, trade balance of goods in 2016 was a surplus of US$2.68 billion, of which the domestic economic sector had a trade deficit of US$ 21.02 billion;
the FDI sector had a trade surplus of US$ 23.70 billion.
 
Export (Goods)
Estimated export turnovers of goods in 2016 = US$ 175.9 billion (up 8.6% from 2015), of which the domestic economic sector achieved US$ 50.0 billion (up 4.8%);
the FDI sector (including crude oil) gained US$ 125.9 billion (up 10.2%)
 
Import (Goods)
Estimated import turnovers of goods in 2016 = US$ 173.3 billion (up 4.6% from 2015), of which the domestic economic sector gained US$ 71.1 billion (up 4%);
the FDI sector achieved US$ 102.2 billion (up 5.1%).
 
 
Source: General Statistics Office

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01 Jan 2017
Basic Information

Last Updated:17th Jan 2017


General


Nation Social Republic of Vietnam
Capital Hanoi ( 7.25 million)
Independence day September 2nd  1945
Politics One-party state
Army Vietnam’s People Army
Currency Vietnam Dong

Geography


Location Southeast Asia
Provinces 5 municipalities and 58 provinces
Area 330966.9 km2
Climate Tropical and Monsoon
Time zone GMT+7

Demography


Population (2016 Feb) 94.1 million rank 14 in world and 8 in Asia
Density 305 people/km2
Urban population 32.2 million (33.6%)
Average age 30.8
Languages Vietnamese, Minorities’ languages
Main language Vietnamese
Ethnicity 54 Ethnic groups (87% total)
Life expectancy at birth 73
Religion Buddhism, Cathlicism, Cao Dai
HDI (2014) 0.666

Economy


GDP (nominal, 2016) 4,502,700 billion
Per capita 48.6 billion (2,215 USD)
GDP growth rate (2016) 6.21%
CPI growth rate (2016 Dec) 4.74%
Unemployment rate (2016 Jun) 2.06%
Exchange rate ( 2017 Jan) 1 USD=22,620 VND
1JPY=193.21 VND

 
Data Source:General Statistics Office

The information and statements contained herein, including any expression of opinion, are based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. B&Company Vietnam accepts no liabilities whatsoever for any direct or consequential loss arising from any use of this document or its contents.
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01 Jan 2017
Unemployment rate of working-age labor in 2016

Unemployment rate (overall)
 
Unemployment rate of working-age labor = 2.30%, of which it was 3.18% for the urban area; 1.86% for the rural area.
 
Unemployment (youth)
 
Unemployment rate of the youth aged 15-24= 7.34%, of which it was 11.30% for the urban area; 5.74% for the rural area.
 
Employment rate
 
Underemployment rate of working-age labor = 1.64%, lower than the rate of 1.89% in 2015 and 2.40% in 2014, of which it was 0.73% for the urban area; 2.10% for the rural area.
The rate of laborers with informal jobs outside of the agricultural, forestry and fishery households= 55.9%, of which 47.0% was in the urban area; 64.1% was in the rural area.
 
Source: General Statistics Office

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01 Jan 2017
Social-economic situation in Hanoi in 2016

 
 
GRDP in Hanoi 2016
 
Estimated Gross Regional Domestic Product(GRDP) in Hanoi increased 8.2% from 2016.
In 2016, Hanoi investment fund reached 277,950 billions VND (up 10% from 2015), of which government fund increase 15%, FDI fund increase 2.4%,
export value in December 2016 reached 928 million USD (up 3% from last month).
 
Export and Import Value in Hanoi 
 
Generally, in 2016 export value reached 10,613 million USD, in which regional export value reached 8,143 million USD.
Import value reach 24.833 million USD, in which regional import value reached 10,844 million USD
 
 

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01 Jan 2017
State budget revenue account (2016 Dec)

Revenue
 
Total government revenues = 943.3 trillion dongs (93% of annual estimate), of which domestic revenues=744.9 trillion dongs (94.9% of annual estimate); collecting from crude oil= 37.7 trillion dongs (69.2%); from export-import balance = 156.2 trillion dongs (90.8%).
 
Expenditure
 
Total government expenditures= 1135.5 trillion dongs (89.2% of annual estimate), of which, spending for development investment= 190.5 trillion dongs (74.7% of annual estimate); spending for economic and social development, national defense and security, state management=786 trillion dongs (95.4%); repayment of debts and provision of aids=150.3 trillion dongs (96.9%).
 
Source: General Statistics Office

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01 Jul 2016
Value import and export in HCM( first 6 months 2016)

 
 
Total Value of Import and Export in Ho Chi Minh City
 
According to the HCM City Customs Department, total value of import and export turnover in Ho Chi Minh’s check point in the first 6 months of 2016 reached US $ 39.771 billion vnd, an increase of more than US $ 3.4 billion (9.47%) compared to the same period in 2015.
 
Comparison with 2015
 
In particular,
import turnover reached US $ 21.152 billion, up 8.63%,
export turnover reached US $ 18.619 billion, up 10.45%,
compared to the same period in 2015.
 
Tax Revenue in Ho Chi Minh City
 
With the rising turnover of imported and exported commodities,
import and export tax revenues of  HCM City Customs Department in June, up 5.77%, reached VND 9,350.912 billion vnd.
Accumulating to June 28, total revenues of HCM city Customs Department  were VND 47,444.131 billion vnd, reached  46.29% compared to plan targets VND 102,500 billion vnd ( reached 105.46% compared to the same period in 2015).
 

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01 Jul 2015
Evaluation of key performance criteria in Hanoi (first 6 months of 2015)

23-10-2015

In first half of 2015, the gross regional domestic product of Hanoi reached VND 187,879 billion, increased by 7.8% compared to that of 2014. Among 3 main economic sectors, service sector ranked first in growth rate (8.3%), industry and construction sector came the second place with 7.6%, and agriculture, forestry and fishing had lowest growth rate (2.8%).
In terms of production activities: Industrial production index increased by 6.8% compared to that of 2014, revenue from services reached VND 887,770 billion, increase by 10% compared to that of 2014. Revenue from transportation was recorded at VND 33,258 billion, increased by 13.2% compared to the same period of 2014.
Regarding international trade, total export value was USD 5,306 million, decreased by 1.2% compared to that of 2014, while the figure for import was USD 11,814 million, increased by 2.1%.
Regarding investment capital, the total amount was recorded at VND 136, 965 billion, increased by 10.4% compared to 2014 though the amount of foreign direct investment capital was on the downward trend.
Both revenue and spending of local authority increased by same rate of 13.2% compared to 2014. How ever, the period of 6 months of 2015 witnessed a significant decrease in revenue from crude oil (45% decrease compared to 2014).
 
Source: Hanoi Statistical Office
Data consolidated by B&Company Vietnam

The information and statements contained herein, including any expression of opinion, are based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. B&Company Vietnam accepts no liabilities whatsoever for any direct or consequential loss arising from any use of this document or its contents.
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01 Jul 2014
Main Export Products (2013-5/2014)

06-06-2014

In 2013, the export value of Vietnam reached 132,175 million USD, increasing by 15% in comparision with 2012. Two products exported most in 2013 with 16% and 14%, respectively, of total value were Mobile phones and accessories and Textile and garments. Specially, the former also showed the fastest growth in value at about 70% year on year. By contrast, there was an drop in the value of Gasoline, kerosence; Coal or Coffee (by about 30%). In the first 5 months of 2014, Vietnam exported the amount of 58,508 milion USD, increasing by about 15% in comparision with the same period last year. The most exported goods were as the same as those in 2013. However, Chemicals export value rose at a highest rate (about 76% more than last year).
 
Source: General Statistic Office

The information and statements contained herein, including any expression of opinion, are based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. B&Company Vietnam accepts no liabilities whatsoever for any direct or consequential loss arising from any use of this document or its contents.
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01 Jul 2014
Results of implementation of several important items after first 6 months in Ho Chi Minh city

08-08-2014

In the 2nd quarter of 2014, economy in Ho Chi Minh city continues to grow, especially construction industry propers considerably. Commerce & service has no remarkable change but rises stably. Real estate has recovered to some extent especially in segmentation of low-price apartment block which is evaluated as to be potentially  vigorous.
GDP this quarter is 8.7 % which was 7.7% last quarter.  In general GDP after first 6 months of 2014 is 8.2% higher than the same period last year (which is 7.9%). Industrial production reaches 5.6% (same period last year it was 5.2%). Total investment capital stands at  60.134 billion VND, rises 3.2% (same period last year it was 3.1%). Except for crude oil, export increases 5.7% compared to same period last year. Foreign investment of newly registered projects reach 794 million USD. Total revenues of retail and service increases 12.8%. National budget income is 14.9% higher than the same period last year meanwhile national budget spending rises 3.9% (last year – 10%)
 
Source: HCMC Statistics Office

The information and statements contained herein, including any expression of opinion, are based upon sources believed to be reliable but their accuracy, completeness or correctness is not guaranteed. B&Company Vietnam accepts no liabilities whatsoever for any direct or consequential loss arising from any use of this document or its contents.
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