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During the epidemic, Vietnam’s economy continues to grow strongly – Photo: patient
Ms. Nguyen Thi Huong, Director General of the General Statistics Office, said at the press conference to announce the socio-economic statistics in the fourth quarter of 2020 on the afternoon of December 27 in Hanoi.
GDP in 2020 increases by 2.91%
Although Vietnam is in the group of countries with the highest economic growth in the world in 2020, the GDP growth of 2.91% this year is the lowest growth rate of the decade 2011-2020, Huong added.
Also according to the General Statistical Office, GDP in the 4-2020 quarter increased by 4.48% compared to the same period last year. This flourishing growth was achieved thanks to the strict control of the COVID-19 epidemic, the economy gradually began to function again under new normal conditions.
The free trade agreement between Vietnam and the EU enters into force on August 1, 2020, creating a growth engine for the economy. In particular, the agricultural, forestry and fishing sectors increased by 4.69%, industry and construction increased by 5.60%, services increased by 4.29%, taxes on products minus subsidies on products increased . 1.07% compared to the same period of the previous year.
In 2020, economic growth will show the strong impact of the epidemic, depending on the evolution of the disease. In which, the first quarter increased 3.68%, the second quarter increased 0.39%, the third quarter increased 2.69%, the fourth quarter increased 4.48%.
According to Ms. Huong, the successful control of the epidemic and the recovery of economic growth shows the correctness in the direction and management of economic recovery, disease prevention, and the determination and consensus of the whole system. political system, the Government, the Prime Minister, the efforts and efforts of the people and the business community to achieve the goal of preventing epidemics and developing socio-economic development.
In the global GDP growth rate of the entire economy in 2020, the agricultural, forestry and fishing sector will increase by 2.68%, contributing 13.5%; industry and construction increased 3.98%, contributed 53%; the services sector grew by 2.34%, contributing 33.5% to the GDP growth rate of the entire country.
Source: Ministry of Planning – Investment – Graphics: NK
Labor productivity reached almost 118 million / year
Regarding the quality of economic growth, the labor productivity of the entire economy at current prices in 2020 is estimated at 117.9 million VND / employee, equivalent to US $ 5,081 / employee, an increase of US $ 290 (equivalent to an increase of 5). , 4%) compared to 2019.
This shows that the labor productivity of Vietnamese is improving in a positive direction, job skills are rising.
In 2020, the whole country has 134.9 thousand new registered companies, 2.3% less than the previous year, but with an average registered capital per company that reached 16.6 billion dong, 32.3% plus. %.
The results of the survey on business trends of manufacturing companies show that companies are optimistic about their production and business situation.
Compared to the fourth quarter of 2020, 42.8% of companies rated the trend to be better in the first quarter of 2021, 19% of companies forecast that it would be more difficult, and 38.2% of companies He said the situation would be better. production and business will be stable.
The number of international visitors to Vietnam in 2020 will reach 3.8 million, a decrease of 78.7% from the previous year.
The total import and export turnover in 2020 is estimated at 543.9 billion dollars, 5.1% more than the previous year, of which the export turnover is 281.5 billion dollars , 6.5% plus the import of basic products reached 262.4 billion dollars, an increase of 3.6%. In 2020, Vietnam has a trade surplus of $ 19.1 billion.
The average consumer price index (CPI) in 2020 will increase by 3.23% compared to 2019.
The ADB adjusts Vietnam’s GDP growth in 2020 to 2.3%.
