Noticeably, enterprises faced many difficulties in the first quarter of this year because of direct impacts from the Covid-19 pandemic. The number of enterprises temporarily halted operations rose to 18,600 enterprises, an increase of 26 percent compared to the same period last year. However, the result of surveys on the business tendency of processing and manufacturing enterprises showed that they expected the disease would be controlled soon so the business and production situation was forecast to be more optimistic in the second quarter than in the first quarter of this year. In the first three months of this year, there were 29,700 newly-established enterprises across the country with total registered capital at VND351.4 trillion and total registered labor of 243,700 workers. Therefore, in comparison with the same period last year, the number of newly-established enterprises increased by 4.4 percent in volume, decreased by 6.4 percent in the value of registered capital, and … [Read more...] about GDP increases 3.82 percent, CPI jumps 5.56 percent in Q1
Economic growth
PM urges disbursement of public capital to fuel growth
The prime minister also discussed other measures to ensure economic and social stability amid the coronavirus outbreak, including helping businesses restructure production, providing sufficient necessities for the people, effectively controlling the inflation rate, and preventing trade fraud and speculation. … [Read more...] about PM urges disbursement of public capital to fuel growth
First-quarter GDP growth hits decade low
A corner of Ho Chi Minh City. (Photo for illustration) During the reviewed period, the macro economy remained stable and the processing and manufacturing sector, despite its low growth, continued to be the engine of the national economy, Lam added. … [Read more...] about First-quarter GDP growth hits decade low
Việt Nam’s GDP hits 10-year low in the first quarter
The agriculture sector in the first quarter suffered from the impacts of African swine fever, drought and saline intrusion in the Mekong Delta region. The risk of avian influenza and the complicated developments of COVID-19 also had adverse impacts on production and import-exports of agricultural products. … [Read more...] about Việt Nam’s GDP hits 10-year low in the first quarter
Business closures rise due to Covid-19
Nearly 21% of them said their business performance in the first quarter of this year has been better than the same period last year, while over 37% said their business performance has stayed the same, and 42% said they have faced many difficulties. … [Read more...] about Business closures rise due to Covid-19
