Vietnam fiscal deficit widens to US$4.3 billion in 7 months on Covid-19
As of July 15, budget revenue collection reached VND697.5 trillion (US$30.17 billion), equivalent to 46.1% of the year's estimate.
As of July 15, budget revenue collection reached VND697.5 trillion (US$30.17 billion), equivalent to 46.1% of the year's estimate.
Core inflation rose 2.74% year-on-year in the first seven months of 2020.
The number of newly-established enterprises in Vietnam in the first seven months of 2020 declined by 5.1% year-on-year to 75,200.
Vietnam's trade turnover is likely to have reached US$285.12 billion in the first seven months, down 1.3% year-on-year.
Half of the number of laborers have their income reduced by at least 20%, with the majority being low-skilled workers.
Vietnam’s external trade decreased 1.4% year-on-year to nearly US$240.12 billion in the six-month period.
Up to 17.6 million people have received less income than before the Covid-19 outbreak while the services sector faced the most severe impacts with 72% of its workforce directly affected.
The number of newly established enterprises in Vietnam in the first six months of 2020, however, fell 7.3% year-on-year to 62,000.
The consumer prices, however, increased 4.39% year-on-year in the January- May period, the highest five-month growth rate over the last three years.
The number of newly established enterprises in Vietnam in the first five months of 2020, however, was down 10.5% year-on-year to 48,300.