GDP in the first quarter increased by 5.03%
Newly released data from the General Statistics Office said that the gross domestic product (GDP) in the first quarter of 2022 was estimated to increase by 5.03% over the same period last year (higher than the growth rate of 4.72% in the first quarter). 2021. In which, industry and construction contributed 51.08% to the overall growth; service sector contributes 43.16%…
In the first quarter of 2022, industrial production was one of the biggest bright spots. According to statistics, industrial production in the first three months of the year increased by 7.07 percent over the same period last year.
Industrial production played an important role in the recovery of the economy in the first quarter
Besides, business activities continued to prosper. Generally, in the first three months of the year, the whole country had nearly 34,600 newly registered enterprises with a total registered capital of 471,200 billion VND and a total number of registered employees of nearly 243,500 employees (an increase of 18.1% in the number of enterprises). , an increase of 5.2% in registered capital and a decrease of 0.9% in the number of employees over the same period last year).
In addition, the number of enterprises returning to operation in the first 3 months of 2022 increased to 60,200 enterprises, up 36.7% over the same period last year. On average, each month in the first quarter of the year, there were 20,000 newly established enterprises and returned to operation.
According to a survey by the General Statistics Office, it is expected that in the second quarter of 2022, 50% of enterprises will evaluate the trend to be better compared to the first quarter; 32.3% of enterprises think that the production and business situation will be stable and 17.7% of enterprises forecast more difficulties.
Along with that, in the first quarter of 2022, the total retail sales of consumer goods and services was estimated at 1,318 trillion VND, up 4.4% over the same period last year. This shows that consumer purchasing power continues to show recovery momentum.
After a period of “freezing” due to COVID-19, international tourism is also showing a strong recovery. Generally, in the first quarter of 2022, international visitors to our country were estimated at nearly 91,000 arrivals, up 89.1% over the same period last year.
Also in the first quarter of 2022, the total import and export turnover of goods reached 176.35 billion USD, up 14.4% over the same period last year, of which exports increased 12.9%; imports increased by 15.9%. In which, the US is Vietnam’s largest export market with an estimated turnover of 25.2 billion USD. China is the largest import market with an estimated turnover of 27.6 billion USD.
Inflation increased by 0.81%
Regarding consumer price index and inflation, the General Statistics Office said that CPI in March 2022 increased by 0.7% compared to the previous month, increased by 1.91% compared to December 2021 and increased by 2.41 % over the same period in 2021.
In the first quarter of 2022, CPI increased by 1.92% over the same period last year, core inflation increased by 0.81%.
“Due to the influence of economic, social and political factors in the world, along with the economic recovery momentum in many countries and in the country, the producer price index, the price index of raw materials used For production, the export and import price indexes in the first quarter of 2022 both increased compared to the same period in 2021,” said General Director of Statistics Nguyen Thi Huong.
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