Socio-economic situation in October and ten months of 2020
The index of industrial production (IIP) in October 2020 was estimated to increase by 3.6% over the previous month and by 5.4% over the same period last year.
The index of industrial production (IIP) in October 2020 was estimated to increase by 3.6% over the previous month and by 5.4% over the same period last year.
Gross domestic product (GDP) in the third quarter of 2020 is estimated to increase by 2.62% over the same period last year, which is the lowest increase of every third quarter in the period 2011-2020.
GDP in the first six months of 2020 was estimated to increase by 1.81% over the same period last year, the lowest six-month growth rate in the period of 2011-2020 (the second quarter of 2020 recorded the estimated rise of 0.36% ).
Generally for seven months of 2020, total realized investment capital under the State budget reached VND 203 trillion, equaling 42.7% of the annual plan and increasing by 27.2% compared to the corresponding period last year.
The cultivated winter-spring rice area over the country was 3,025.5 thousand hectares (ha), equaling 96.8% of that in the same period last year.
Average CPI in the first four months of 2020 increased by 4.9% compared to that in the same period of 2019; CPI in April 2020 went down by 1.21% against December 2019 and grew by 2.93% from the similar period last year.
The gross domestic product (GDP) in the first quarter of 2020 was estimated to increase by 3.82% over the same period last year.
As of mid-February, 2,675.5 thousand hectares (ha) of winter-spring rice were cultivated throughout the country, equaling 98.3% of the cultivated rice area in the same period last year.
The gross domestic product (GDP) in 2015 was estimated to increase 6.68% compared to 2014, of which the growth rate of the first, second, third and fourth quarter reached 6.12%, 6.47%, 6.87%, and7.01%, respectively. This year’s growth was higher than the target of 6.2% and higher than the growth rate of the years 2011-2014.
Vietnamese socio-economy in the 9 months of 2015 took place in the context of strong fluctuations in the global market: The international commodity market, especially crude oil, dropped continuously and decreased sharply in the past months, mainly due to abundant supply, which positively impacting the growth of oil importing countries but negatively affecting the growth of oil-exporting countries owing to reduced export revenue.