VietNam Macroeconomic Comprehensive Report Q2/2020
Gross domestic product (GDP) for the whole quarter 1/2020 increased by 3.82% over the same period last year, which is the lowest increase in all the first quarters of the period 2011 - 2020. In the context of complicated Covid-19 epidemic However, Vietnam has sacrificed its economic benefits to prevent and stamp out epidemics as a top priority. The fact that Vietnam's economy continues to maintain and not fall into negative growth is a good sign. In the first 3 months of 2020, IIP of the whole economy increased by 5.28% over the same period last year. Although the IIP in January was seriously reduced due to the impact of the Covid-19 epidemic, by February and March the IIP increased again ...
Abbreviation
Executive summary
1.WORLD ECONIMIC SITUATION
1.1 Economic growth rate
1.2 Commodity market
2. VIETNAM ECONOMIC SITUATION
2.1 Economic growth rate
2.1.1 GDP
2.1.2 Production
2.1.3 Consumption
2.1.4 Investment
2.1.5 Export-import
2.1.6 CPI
2.1.7 Fiscal policy
2.1.8 Monetary policy
2.1.9 Banking system
2.2 Trade agreements and legal documents
2.2.1 Trade agreements are signed and impacts
2.2.2 Newly promulgated legal documents and decrees
2.3 Operation of investment channels
2.3.1 Bonds
2.3.2 Stocks
2.3.3 Commodity market
2.4 M&A activity
2.5 Risk and forecast
2.5.1 Risk
2.5.2 Forecast
Executive summary
1.WORLD ECONIMIC SITUATION
1.1 Economic growth rate
1.2 Commodity market
2. VIETNAM ECONOMIC SITUATION
2.1 Economic growth rate
2.1.1 GDP
2.1.2 Production
2.1.3 Consumption
2.1.4 Investment
2.1.5 Export-import
2.1.6 CPI
2.1.7 Fiscal policy
2.1.8 Monetary policy
2.1.9 Banking system
2.2 Trade agreements and legal documents
2.2.1 Trade agreements are signed and impacts
2.2.2 Newly promulgated legal documents and decrees
2.3 Operation of investment channels
2.3.1 Bonds
2.3.2 Stocks
2.3.3 Commodity market
2.4 M&A activity
2.5 Risk and forecast
2.5.1 Risk
2.5.2 Forecast
LIST OF CHARTS
Figure 1: Asian and ASEAN economic growth, 2016-2024f
Figure 2: Forecast of economic growth in some Asian countries, 2020
Figure 3: USD Index, 1/2015 - 3/2020
Figure 4: USD/EUR and USD/JPY exchange rates, 2016 - 3/2020
Figure 5: USD/CNY exchange rate, 2016-3/2020
Figure 6: World trade, 2011-2019
Figure 7: Top 10 largest commodity exporting countries, 2019
Figure 8: Top 10 largest importing countries, 2019
Figure 9: Global gold price movement, 1/2016-3/2020
Figure 10: World crude oil prices, 2011-3/2020
Figure 11: GDP growth rate by quarter, 2016-Q1/2020
Figure 12: GDP structure at current prices, Q1/2020
Figure 13: Total agricultural, forestry and fishery products for the whole year (at constant prices in 2010), Q1/2017-Q1/2020
Figure 14: Industrial production index and purchasing managers, 1/2018-3/2020
Figure 15: Production index of processing industry, manufacturing, 1/2018-3/2020
Figure 16: Total retail sales of consumer goods and services, Q1/2017-Q1/2020
Figure 17: Growth of total retail sales of consumer goods and services, 3M/2014-3T/2020
Figure 18: Speed ??of development of social investment capital at current prices, 3M/2016-3T/2020
Figure 19: Foreign direct investment, 3M/2013-3T/2020
Figure 20: Import and export of goods, 3M/2014 - 3M/2020
Figure 21: Monthly CPI fluctuation, 1/2016 - 3/2020
Figure 22: Total state budget revenue, Q1/2020
Figure 23: Total state budget expenditure, Q1/2020
Figure 24: Vietnam's debt situation, 2012 - 2019
Figure 25: Plan of allocation of government loans in 2020
Figure 26: VND/USD exchange rate, 1/2013 - 3/2020
Figure 27: Structure of total assets of credit institutions, 2019
Figure 28: Proportion of capital supply to the economy from the capital market and credit system (calculated on nominal value), 2012-2019
Figure 29: Business results of credit institutions, 2017 - 2019
Figure 30: Percentage of interest income margin (NIM), 2012-2020f
Figure 31: Interbank interest rates, 2016-3/2020
Figure 32: Credit growth, 3M/2013-3T/2020
Figure 33: Credit extension to mobilized capital (LDR), 2017 - 2019
Figure 34: NPL ratio in outstanding loans, 2013 - 2019
Figure 35: Provision ratio for credit risk/bad debt, 2012-2018e
Figure 36: System-wide CAR, 2012-2019
Figure 37: Winning value of bonds over the months, 1/2017- 3/2020
Figure 38: Market share of outstanding bonds, March 2019
Figure 39: Structure of winning Government bonds by term, 3M/2020
Figure 40: Fluctuation of bond yields, 1/2016- 3/2020
Figure 41: Secondary bond market, 1/2017 - 3/2020
Figure 42: Issued corporate bonds, 2010 - 2019e
Figure 43: Value structure of corporate bonds issued by term, 2018
Figure 44: Scale structure of corporate bond issuance by sector, 2019
Figure 45: Volume and value of stock transactions on HOSE, 2018-3/2020
Figure 46: Volume and value of stock transactions on HNX, 2018 - 3/2020
Figure 47: Fluctuation of VN-Index, 2018-3/2020
Figure 48: Transaction of foreign investors (HSX) on HSX and HNX, 2019 - 3/2020
Figure 49: Domestic gold price movement, 1/2017 - 3/2020
Figure 50: Gas price movement, 1/2016 - 3/2020
Figure 51: Value of M&A deals, 2006-2019e
Figure 52: M&A structure by industry, 2019e
Figure 53: Number of equitized enterprises, 2011 - 2019
Figure 1: Asian and ASEAN economic growth, 2016-2024f
Figure 2: Forecast of economic growth in some Asian countries, 2020
Figure 3: USD Index, 1/2015 - 3/2020
Figure 4: USD/EUR and USD/JPY exchange rates, 2016 - 3/2020
Figure 5: USD/CNY exchange rate, 2016-3/2020
Figure 6: World trade, 2011-2019
Figure 7: Top 10 largest commodity exporting countries, 2019
Figure 8: Top 10 largest importing countries, 2019
Figure 9: Global gold price movement, 1/2016-3/2020
Figure 10: World crude oil prices, 2011-3/2020
Figure 11: GDP growth rate by quarter, 2016-Q1/2020
Figure 12: GDP structure at current prices, Q1/2020
Figure 13: Total agricultural, forestry and fishery products for the whole year (at constant prices in 2010), Q1/2017-Q1/2020
Figure 14: Industrial production index and purchasing managers, 1/2018-3/2020
Figure 15: Production index of processing industry, manufacturing, 1/2018-3/2020
Figure 16: Total retail sales of consumer goods and services, Q1/2017-Q1/2020
Figure 17: Growth of total retail sales of consumer goods and services, 3M/2014-3T/2020
Figure 18: Speed ??of development of social investment capital at current prices, 3M/2016-3T/2020
Figure 19: Foreign direct investment, 3M/2013-3T/2020
Figure 20: Import and export of goods, 3M/2014 - 3M/2020
Figure 21: Monthly CPI fluctuation, 1/2016 - 3/2020
Figure 22: Total state budget revenue, Q1/2020
Figure 23: Total state budget expenditure, Q1/2020
Figure 24: Vietnam's debt situation, 2012 - 2019
Figure 25: Plan of allocation of government loans in 2020
Figure 26: VND/USD exchange rate, 1/2013 - 3/2020
Figure 27: Structure of total assets of credit institutions, 2019
Figure 28: Proportion of capital supply to the economy from the capital market and credit system (calculated on nominal value), 2012-2019
Figure 29: Business results of credit institutions, 2017 - 2019
Figure 30: Percentage of interest income margin (NIM), 2012-2020f
Figure 31: Interbank interest rates, 2016-3/2020
Figure 32: Credit growth, 3M/2013-3T/2020
Figure 33: Credit extension to mobilized capital (LDR), 2017 - 2019
Figure 34: NPL ratio in outstanding loans, 2013 - 2019
Figure 35: Provision ratio for credit risk/bad debt, 2012-2018e
Figure 36: System-wide CAR, 2012-2019
Figure 37: Winning value of bonds over the months, 1/2017- 3/2020
Figure 38: Market share of outstanding bonds, March 2019
Figure 39: Structure of winning Government bonds by term, 3M/2020
Figure 40: Fluctuation of bond yields, 1/2016- 3/2020
Figure 41: Secondary bond market, 1/2017 - 3/2020
Figure 42: Issued corporate bonds, 2010 - 2019e
Figure 43: Value structure of corporate bonds issued by term, 2018
Figure 44: Scale structure of corporate bond issuance by sector, 2019
Figure 45: Volume and value of stock transactions on HOSE, 2018-3/2020
Figure 46: Volume and value of stock transactions on HNX, 2018 - 3/2020
Figure 47: Fluctuation of VN-Index, 2018-3/2020
Figure 48: Transaction of foreign investors (HSX) on HSX and HNX, 2019 - 3/2020
Figure 49: Domestic gold price movement, 1/2017 - 3/2020
Figure 50: Gas price movement, 1/2016 - 3/2020
Figure 51: Value of M&A deals, 2006-2019e
Figure 52: M&A structure by industry, 2019e
Figure 53: Number of equitized enterprises, 2011 - 2019
LIST OF TABLES
Table 1: Forecast of world economic growth (%), 4/2020
Table 2: Most exported goods, 3M / 2020
Table 3: Most imported goods, 3M / 2020
Table 4: Increase / decrease in CPI of goods and services, Q1 / 2020
Table 5: Capital adequacy of the financial system (%), 2019
Table 6: Banking restructuring
Table 7: Tariff elimination roadmap by selected sectors / products when joining EVFTA
Table 8: Regulations on required reserve ratio, 2018
Table 1: Forecast of world economic growth (%), 4/2020
Table 2: Most exported goods, 3M / 2020
Table 3: Most imported goods, 3M / 2020
Table 4: Increase / decrease in CPI of goods and services, Q1 / 2020
Table 5: Capital adequacy of the financial system (%), 2019
Table 6: Banking restructuring
Table 7: Tariff elimination roadmap by selected sectors / products when joining EVFTA
Table 8: Regulations on required reserve ratio, 2018
