Highlights of socio-economic in first four months

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.

Highlights of socio-economic in first four months

Growth rates of key indicators in the first four months of 2020.

Agricultural production

According to preliminary reports of localities, rice output of the Mekong Delta 10.55 million tons, down 329.8 million tons compared to the same period last year.

Fisheries

In the first four months, total aquaculture output reached 2,200.9 thousand tons, up 0.3% against the same period last year.

Industrial production

The index of industrial production was estimated to grow 1.8% compared to 9.2% of the same period last year.

Growth of manufacturingand processing rose 3%, power generation and distribution up 2.9%, water supply and waste treatment up 3.6% while mineral exploitation fell 6.8%.

The shortage of input materials caused by the COVID-19 outbreaks has produced serious impacts on industries, including beer production (down 24.1%), automobile (down 23.8%), oil exploitation (12%), footwear (4.9%).

Investment

The disbursed volume of State investment capital rose 12.9% to VND 83.7 trillion as of April 20, or 18.1% of this year's plan.

On the contrary, foreign investment inflows dipped 15.5% to US$12.3 billion and disbursed value of foreign investment capital decreased by 9.6% to US$5.2 billion.

State budget revenues

Total budget revenues were estimated at VND 427.2 trillion, or 28.2% of this year's plan while disbursed volume was estimated at VND 408.5 trillion, or 23.4% of this year's plan.

Exports-Imports

The total export-import values in January-April period were estimated at US$82.94 billion and US$79.89 billion, up 4.7% and 2.1%, respectively.

Viet Nam's key exports included phones and accessories (US$16.2 billion), electronics, computers and spare parts (US$12.4 billion), garment (US$8.9 billion), machines, equipment and tools (US$6.9 billion), footwear (US$5.5 billion), timber and wooden products (US$3.4 billion), vehicles and tools (US$2.7 billion) and aquatic products (US$2.2 billion).

Consumer price index

However, the consumer price index in first four months rose 4.9% against the same period last year, the highest rate over the past five years.

Inbound tourism

The number of foreign arrivals to Viet Nam was estimated at 3,713,000, a year-on-year decrease of 37.8%.

(Source: VGP)