[Infographic] Business registration situation in April 2024

[Infographic] Import and export of goods, period 1, April 2024

In the first period of April 2024, goods exports reached 15.029 billion USD and imports reached 16.104 billion USD. With this result, the monthly trade balance of goods in the period recorded a trade deficit of about 1.08 billion USD...

[Infographic] Gasoline and oil prices increase during the operating period of April 17, 2024

From 3pm on April 17, the price of E5 RON 92 gasoline was adjusted up by VND380, while RON 95 gasoline increased by VND410 per liter. Since January 4, gasoline and oil prices have increased 10 times and decreased 6 times. This is also the first time the price of RON 95 gasoline has exceeded VND25,000 per liter since October last year.

[Infographic] RON 95 gasoline price increases

Each liter of RON 95 gasoline increased by 20 VND, oil products (except fuel oil) also increased by 580-630 VND depending on the type, from 3:00 p.m. today. Thus, from January 4 to now, gasoline and oil prices have increased 9 times, decreased 6 times. Similar to previous periods, today the joint ministries continue not to deduct or spend from the Price Stabilization Fund (except for fuel oil, the deduction level is 300 VND per kg).

[Infographic] Import and export of goods in March 2024

According to the General Department of Customs, in March 2024, Vietnam's exports were estimated at 33.65 billion USD, up 36.35% (equivalent to an increase of 8.9 billion USD) compared to the previous month, and imports were estimated at 30.881 billion USD, up 32.5% (equivalent to an increase of 7.57 billion USD) compared to the previous month. Total imports and exports in March 2024 were estimated at 64.540 billion USD, up 35% (equivalent to an increase of 16.5 billion USD) compared to the previous month. Thus, the trade balance in March 2024 is estimated to have a trade surplus of 2.7 billion USD.

[Infographic] Proposing 6 policy groups in the Law on Industrial Parks and Economic Zones

The Ministry of Planning and Investment is proposing to develop a Law on Industrial Parks and Economic Zones to facilitate Vietnam in building large industrial parks to meet the requirements of supply chain development as well as green economic development in line with current orientations.

[Infographic] Agricultural, forestry and fishery exports in the first 3 months of 2024

According to the Report of the Center for Digital Transformation and Agricultural Statistics - Ministry of Agriculture and Rural Development, the export situation and trade balance of agriculture, forestry and fishery in the first 3 months of 2024 is estimated at 4.85 billion USD, up 6% compared to March 2023, bringing the total export turnover of agriculture, forestry and fishery in the first 3 months of 2024 to 13.54 billion USD, up 21.8% over the same period in 2023.

[Infographic] RON 95 gasoline price drops

From 3:00 p.m. on April 4, the price of E5 RON 92 gasoline was adjusted up by VND290, while RON 95 gasoline decreased by VND10/liter. Since January 4, gasoline prices have increased 8 times and decreased 6 times. Diesel oil has increased 8 times and decreased 6 times. Similar to previous periods, today the joint ministries continue not to deduct or spend from the Price Stabilization Fund (except for fuel oil, the deduction level is VND300/kg).

[Infographic] Vietnam Manufacturing PMI Index March 2024

After improving slightly in the first two months of the year, business conditions in Vietnam’s manufacturing sector were largely unchanged in March. Both output and new orders fell, while weak demand led to slower increases in input costs and lower selling prices. On a more positive note, sentiment about the outlook for output over the next year hit an 18-month high and manufacturers added staff at a faster rate.

[Infographic] Vietnam's economy in the first quarter of 2023

Gross domestic product (GDP) in the first quarter of 2024 is estimated to increase by 5.66% over the same period last year, higher than the growth rate of the first quarter of the years 2020-2023. Of which, the agriculture, forestry and fishery sector increased by 2.98%, contributing 6.09% to the total added value of the whole economy; the industry and construction sector increased by 6.28%, contributing 41.68%; the service sector increased by 6.12%, contributing 52.23%.

[Infographic] Labor and employment in the first quarter of 2024

The labor and employment situation in the first quarter of 2024 has returned to the normal development trend as before the Covid-19 pandemic, that is, the labor force usually decreased slightly compared to the previous quarter but still increased compared to the same period last year. The unemployment rate increased compared to the previous quarter and the same period last year, but the unemployment rate decreased, according to the usual rule in the quarter with Lunar New Year.

[Infographic] Industrial production index in the first quarter of 2024

Industrial production in the first quarter of 2024 continued to flourish with the total added value of the industry estimated to increase by 6.18% over the same period last year, of which the processing and manufacturing industry increased by 6.98%, contributing 1.73 percentage points to the overall growth of the entire economy.

[Infographic] State budget revenue and expenditure in the first quarter of 2023

State budget revenue in the first quarter of 2024 is estimated to increase by 9.8% over the same period last year. State budget expenditure is estimated to increase by 8.3% over the same period in 2023, ensuring the needs of socio-economic development, national defense, security, state management, payment of due debts as well as timely payment to subjects according to regulations.

[Infographic] Retail sales of goods in the first quarter of 2024

After the Lunar New Year, people's consumption demand returned to normal, total retail sales of goods and consumer service revenue in March increased by 0.5% compared to the previous month and increased by 9.2% compared to the same period last year, with positive contributions from the tourism industry. In the first quarter of 2024, total retail sales of goods and consumer service revenue increased by 8.2% compared to the same period last year; of which, revenue from accommodation and food services increased by 13.4% and revenue from travel services increased by 46.3%.

[Infographic] International visitors to Vietnam in the first quarter of 2024

In the first quarter of 2024, international arrivals to our country reached more than 4.6 million, an increase of 72% over the same period last year and an increase of 3.2% over the same period in 2019 - a year before the Covid-19 pandemic; the number of Vietnamese people leaving the country reached 1.2 million, an increase of 11.5% over the same period last year.

[Infographic] Total FDI capital registered in Vietnam in the first 3 months of 2024

Total foreign investment capital registered in Vietnam in the first 3 months of 2024 (as of March 20) including: newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors reached nearly 6.17 billion USD, up 13.4% over the same period last year.

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