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Q&Me is online market research provided by Asia Plus Inc.
Vietnam market trend report (Up to October 2020)
Asia Plus Inc.
Overview
This is the consolidated report summarizing the
public information as to Vietnam economy. The
report is the summary of
• Vietnam retail sales data from GSO
• Vietnam consumer price index data from GSO
• Vietnam car sales trend (VAMA)
• Vietnam motorbike sales trend (VAMM)
This report was made in November 2020
Executive summary
• Retail sales trend is up by 1% vs. last year.
• CPI trend is up by 3.71% vs. last year.
• Core inflation trend is up by 2.52% vs. last year.
• Import amount trend is down by 1% vs. last year.
• Export amount trend is up by 4% vs. last year.
• Number of newly registered company is down by 3% vs. last year.
• Unemployment ratio trend is up by 2.48% vs. last year.
• Car sales trend is down by 21% vs. last year.
• Motorbike sales down is down by 17% vs. last year.
• International visitors to Vietnam trend is down by 74% vs. last year.
Highlight (1)
Retail sales (Billion VND)
Number of newly registered
company (Unit)
Import amount (Billion USD) Export amount (Billion USD)
CPI change (2020 vs. 2019) (%)
6.43
5.4
4.87
2.93
2.4
3.17 3.39 3.18 2.98
2.47
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
4,057,913 4,108,491
Jan-Oct 2019 Jan-Oct 2020
212,900 210,300
Jan-Oct 2019 Jan-Oct 2020
212,500
220,600
Jan-Oct 2019 Jan-Oct 2020
3.25
2.94 2.95
2.71
2.54 2.45 2.31
2.16
1.97 1.88
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Core inflation (2020 vs. 2019) (%)
114,456 111,160
Jan-Oct 2019 Jan-Oct 2020
Highlight (2)
Unemployment ratio
Int’l visitors to Vietnam (People)
Car sales (Unit)
219,238
172,626
Jan-Sep 2019 Jan-Sep 2020
14,488,843
3,803,305
Jan-Oct 2019 Jan-Oct 2020
Motorbike sales (Unit)
2.17 2.16 2.17 2.15 2.22
2.73
2.5
Q1
2019
Q2
2019
Q3
2019
Q4
2019
Q1
2020
Q2
2020
Q3
2020
2,334,890
1,927,736
Q1-Q3 2019 Q1-Q32020
Billion VND
Retail sales trend
Source: GSO (General Statistics Office of Vietnam)
Retail sales and services experienced a rapid decline and hit the lowest point in April.
However, the situation has been better since May
422,285 428,782 432,366
449,784
406,402
369,827
303,258
405,983
417,968
434,502 429,885
440,127
450,755
11% 11% 12% 12%
4%
-5%
-23%
1%
2%
5%
4% 5%
7%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
0
100,000
200,000
300,000
400,000
Monthly trend
Figure Trend vs previous year
Category 2020 YTM
(Jan-Oct)
2019 YTM
(Jan-Oct)
Trend
vs P.Y
Total 4,108,491 4,057,913 1%
Retail 3,258,147 3,080,771 6%
Travelling 15,356 38,126 -60%
Accommod
ation and
catering
407,724 483,865 -16%
Others 427,264 455,151 -6%
Retail sales trend
Retail sales
317,254318,731323,756325,782
348,738
320,926
297,391
265,291
321,441325,196335,083339,739347,799356,543
12% 11%11% 12%
12%
8%
-1%
-12%
6%
6%
8% 9% 10%
12%
-20%
-10%
0%
10%
20%
0
100,000
200,000
300,000
Travelling
Accommodation and catering Others
3,895 3,977 4,057
4,228 4,149
2,336
1,293
51
518
1,197
2,548
947
1,159 1,158
14%
17%
12%
5%
4%
-38%
-63%
-99%
-86%
-69%
-35%
-76%-70%-71%
-100%
-80%
-60%
-40%
-20%
0%
20%
0
48,81149,21650,69251,94850,799
41,545
33,886
16,574
40,857
44,107
48,438
42,84843,86644,804
10%
7%
5%
6%
12%
-13%
-27%
-65%
-17%
-12%
-4%
-12%-10%-9%
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
0
49,37050,36150,27750,408
46,098
41,595
37,257
21,342
43,167
47,46848,433
46,35147,30348,250
12%
11%
16%
19%
11% 2%
-10%
-51%
-5%
0% 1%
-4% -4% -4%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
0
Billion VND
CPI change vs previous year
6.43
5.4
4.87
2.93
2.4
3.17
3.39
3.18
2.98
2.47
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
In 2020, from Jan to Oct, CPI increased by 3.71% compared with the same
period last year.
Source: GSO (General Statistics Office of Vietnam)
Percentage
Core inflation change vs previous year
3.25
2.94 2.95
2.71
2.54
2.45
2.31
2.16
1.97
1.88
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
From Jan to Oct, average core inflation increase by 2.52% compared with the
same period last year
Source: GSO (General Statistics Office of Vietnam)
Percentage
Import amount
The total amount of import in 2020 remained the same as the figure in 2019
Source: GSO (General Statistics Office of Vietnam)
22,500 22,500 22,800
19,000
18,500
19,000
20,400
19,400
20,500
22,000
23,000
24,000
24,500
9%
2%
8%
-9%
19%
-13%
-1%
-15%
-3%
-2%
1%
7%
9%
-20%
-10%
0%
10%
20%
30%
-
Monthly trend
Billion USD Trend vs previous year
Billion USD
212,900 210,300
2019 2020
YTM
(Jan-Oct)
Export amount
In 2020, from Jan to Oct, the total amount of export increased by 4% compared
with the same period in 2019
Source: GSO (General Statistics Office of Vietnam)
Billion USD
22,400 22,600
21,800
19,100 18,600
20,000 19,700
18,500
21,000
23,000
26,500
27,500
26,700
8%
5% 4%
-5%
27%
-11%
-1%
-14%
-3%
2%
8%
20% 19%
-20%
-10%
0%
10%
20%
30%
-
Monthly trend
Billion USD Trend vs previous year
212,500 220,600
2019 2020
YTM
(Jan-Oct)
Number of newly registered company
11,787
12,182 12,265
11,418
8,276
9,163
12,272
7,885
10,728
13,725
13,200 13,402
10,304
12,205
29%
-6%
5%
14%
-18%
55%
-2%
-47%
0%
6% 7%
20%
-13%
0%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%
0
Monthly trend
Unit Trend vs previous year
In the first 10 months in 2020, the number of newly registered company
dropped by 3% compared with the number in 2019
Source: National Business Registration Portal
114,456
111,160
2019 2020
YTM
(Jan-Oct)
Unit
Unemployment ratio
Up to Quarter 3/2020, the unemployment ratio increased by 2.48% compared
with the number last year
Source: GSO (General Statistics Office of Vietnam)
2.17 2.16 2.17 2.15
2.22
2.73
2.50
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
Car sales trend
Up to Q3/ 2020, car sales decreased by 21% compared with the same period in
2019
25,828
20,363
27,058 27,419 27,989
31,425
15,212
16,616
18,270
10,816
18,571
23,324 23,368
19,601
26,84829%
6%
13%
-2% -5% -3%
-52%
45%
-40%
-46%
-29%
-11% -10%
-4% -1%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
0
Monthly trend
Unit Trend vs previous year
Category 2020 YTM
(Jan-Sep)
2019 YTM
(Jan-Sep)
Trend
vs P.Y
Total 172,626 219,238 -21%
Passenger 127,166 163,520 -22%
Commercial 43,692 53,149 -18%
Special
purpose
1,768 2,569 -31%
Source: VAMA (Vietnam Automobile Manufacturers' Association)
The figures include 3 types of car: Passenger cars, Commercial vehicles (trucks & buses) & Special-purpose vehicles
Unit
Motorbike sales trend
753,934 749,516
831,440
920,074
731,077
518,920
677,739
-6%
-4% -4%
-1%
-3%
-31%
-18%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
Quarterly trend
Unit Trend vs previous year
Source: VAMM (Vietnam Association of Motorcycle Manufacturers)
The numbers include: Honda, Piaggio, Suzuki, SYM & Yamaha
Up to Quarter 3/ 2020, the motor sales dropped by 17% compared with the
number last year
2,334,890
1,927,736
2019 2020
YTQ
(Q1-Q3)
Unit
International visitors to Vietnam
Source: GSO (General Statistics Office of Vietnam)
1,561,274
1,618,337
1,809,580
1,710,168
1,994,125
1,242,731
449,923
26,241 22,672 8,784 13,940 16,301 13,769 14,819
29%
34%
39%
24%
33%
-22%
-68%
-98% -98% -99% -99% -99% -99% -99%
-110%
-100%
-90%
-80%
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
1,300,000
1,400,000
1,500,000
1,600,000
1,700,000
1,800,000
1,900,000
2,000,000
2,100,000
Monthly trend
Unit Trend vs previous year
Up to Oct 2020, the number of international visitors to Vietnam declined by
74% compared with the figure of the same period in 2019
14,488,843
3,803,305
2019 2020
YTM
(Jan-Oct)
Person
Q&Me – About Online Market Research Services
Key highlight - Who we are
Q&Me is the tech-oriented
market research company
We manage all the projects of
both online and offline through
one dedicated platform to provide
the valuable hints to your
business promptly with high
quality
Q&Me is biggest online
research service provider
We own over 500,000
Vietnamese panelist with the
variety of the profiles. With the
proprietary reward and quality
scheme, we deliver the research
results soonest
Proprietary research
platform for superb quality
We have 300 well-trained
fieldworkers nation-wide, who
are connected real-time through
our dedicated app. All the tasks
they conducts are monitored
real-time with automation
Why us - 5 values
With combining the technology with the well-trained humane operations, Q&Me
provides the hint for your business efficiently and effectively
Quality
Trans
parency
Experi
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Speed Cost
Our Quality - 3rd party evaluations
Our quality has been proven in the market. We provide high quality solution
with speed, via our technology oriented solutons.
FACT CONSISTENCY SCORE
97%
THOUGHT
CONSISTENCY SCORE
91%
STRAIGHT-LINER/ FLAT-
LINER SCORE
89%
SPEEDERS SCORE
97%
QUALITY CHECK SURVEY SPECIFICATION
N (Sample size) 300
IR (Incident rate) 100%
LOI (Lenght of Interview) 10 minutes
Success Criteria Overral score of 80% or higher
THE RESULTS
Overal score 93.5%
Average score
in the industry
73%
(*) QC scores are generated by Survey Sampling International (SSI), the Worldwide Leader in Survey Sampling and Data Collection
Solutions. Asia Plus (Q&Me) is the preferred partner of SSI in Vietnam.
Our customers
Food & Beverage
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Manufacturing
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Finance Others
Retail
Contact Us
URL: http://www.qandme.net
Contact: info@qandme.net
Q&Me is operated by Asia Plus Inc.
Asia Plus Inc.
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Vietnam market trend Q3 / 2020

  • 1. Q&Me is online market research provided by Asia Plus Inc. Vietnam market trend report (Up to October 2020) Asia Plus Inc.
  • 2. Overview This is the consolidated report summarizing the public information as to Vietnam economy. The report is the summary of • Vietnam retail sales data from GSO • Vietnam consumer price index data from GSO • Vietnam car sales trend (VAMA) • Vietnam motorbike sales trend (VAMM) This report was made in November 2020
  • 3. Executive summary • Retail sales trend is up by 1% vs. last year. • CPI trend is up by 3.71% vs. last year. • Core inflation trend is up by 2.52% vs. last year. • Import amount trend is down by 1% vs. last year. • Export amount trend is up by 4% vs. last year. • Number of newly registered company is down by 3% vs. last year. • Unemployment ratio trend is up by 2.48% vs. last year. • Car sales trend is down by 21% vs. last year. • Motorbike sales down is down by 17% vs. last year. • International visitors to Vietnam trend is down by 74% vs. last year.
  • 4. Highlight (1) Retail sales (Billion VND) Number of newly registered company (Unit) Import amount (Billion USD) Export amount (Billion USD) CPI change (2020 vs. 2019) (%) 6.43 5.4 4.87 2.93 2.4 3.17 3.39 3.18 2.98 2.47 Jan Feb Mar Apr May Jun Jul Aug Sep Oct 4,057,913 4,108,491 Jan-Oct 2019 Jan-Oct 2020 212,900 210,300 Jan-Oct 2019 Jan-Oct 2020 212,500 220,600 Jan-Oct 2019 Jan-Oct 2020 3.25 2.94 2.95 2.71 2.54 2.45 2.31 2.16 1.97 1.88 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Core inflation (2020 vs. 2019) (%) 114,456 111,160 Jan-Oct 2019 Jan-Oct 2020
  • 5. Highlight (2) Unemployment ratio Int’l visitors to Vietnam (People) Car sales (Unit) 219,238 172,626 Jan-Sep 2019 Jan-Sep 2020 14,488,843 3,803,305 Jan-Oct 2019 Jan-Oct 2020 Motorbike sales (Unit) 2.17 2.16 2.17 2.15 2.22 2.73 2.5 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 2,334,890 1,927,736 Q1-Q3 2019 Q1-Q32020
  • 6. Billion VND Retail sales trend Source: GSO (General Statistics Office of Vietnam) Retail sales and services experienced a rapid decline and hit the lowest point in April. However, the situation has been better since May 422,285 428,782 432,366 449,784 406,402 369,827 303,258 405,983 417,968 434,502 429,885 440,127 450,755 11% 11% 12% 12% 4% -5% -23% 1% 2% 5% 4% 5% 7% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 0 100,000 200,000 300,000 400,000 Monthly trend Figure Trend vs previous year Category 2020 YTM (Jan-Oct) 2019 YTM (Jan-Oct) Trend vs P.Y Total 4,108,491 4,057,913 1% Retail 3,258,147 3,080,771 6% Travelling 15,356 38,126 -60% Accommod ation and catering 407,724 483,865 -16% Others 427,264 455,151 -6%
  • 7. Retail sales trend Retail sales 317,254318,731323,756325,782 348,738 320,926 297,391 265,291 321,441325,196335,083339,739347,799356,543 12% 11%11% 12% 12% 8% -1% -12% 6% 6% 8% 9% 10% 12% -20% -10% 0% 10% 20% 0 100,000 200,000 300,000 Travelling Accommodation and catering Others 3,895 3,977 4,057 4,228 4,149 2,336 1,293 51 518 1,197 2,548 947 1,159 1,158 14% 17% 12% 5% 4% -38% -63% -99% -86% -69% -35% -76%-70%-71% -100% -80% -60% -40% -20% 0% 20% 0 48,81149,21650,69251,94850,799 41,545 33,886 16,574 40,857 44,107 48,438 42,84843,86644,804 10% 7% 5% 6% 12% -13% -27% -65% -17% -12% -4% -12%-10%-9% -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% 0 49,37050,36150,27750,408 46,098 41,595 37,257 21,342 43,167 47,46848,433 46,35147,30348,250 12% 11% 16% 19% 11% 2% -10% -51% -5% 0% 1% -4% -4% -4% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 0 Billion VND
  • 8. CPI change vs previous year 6.43 5.4 4.87 2.93 2.4 3.17 3.39 3.18 2.98 2.47 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 In 2020, from Jan to Oct, CPI increased by 3.71% compared with the same period last year. Source: GSO (General Statistics Office of Vietnam) Percentage
  • 9. Core inflation change vs previous year 3.25 2.94 2.95 2.71 2.54 2.45 2.31 2.16 1.97 1.88 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 From Jan to Oct, average core inflation increase by 2.52% compared with the same period last year Source: GSO (General Statistics Office of Vietnam) Percentage
  • 10. Import amount The total amount of import in 2020 remained the same as the figure in 2019 Source: GSO (General Statistics Office of Vietnam) 22,500 22,500 22,800 19,000 18,500 19,000 20,400 19,400 20,500 22,000 23,000 24,000 24,500 9% 2% 8% -9% 19% -13% -1% -15% -3% -2% 1% 7% 9% -20% -10% 0% 10% 20% 30% - Monthly trend Billion USD Trend vs previous year Billion USD 212,900 210,300 2019 2020 YTM (Jan-Oct)
  • 11. Export amount In 2020, from Jan to Oct, the total amount of export increased by 4% compared with the same period in 2019 Source: GSO (General Statistics Office of Vietnam) Billion USD 22,400 22,600 21,800 19,100 18,600 20,000 19,700 18,500 21,000 23,000 26,500 27,500 26,700 8% 5% 4% -5% 27% -11% -1% -14% -3% 2% 8% 20% 19% -20% -10% 0% 10% 20% 30% - Monthly trend Billion USD Trend vs previous year 212,500 220,600 2019 2020 YTM (Jan-Oct)
  • 12. Number of newly registered company 11,787 12,182 12,265 11,418 8,276 9,163 12,272 7,885 10,728 13,725 13,200 13,402 10,304 12,205 29% -6% 5% 14% -18% 55% -2% -47% 0% 6% 7% 20% -13% 0% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 0 Monthly trend Unit Trend vs previous year In the first 10 months in 2020, the number of newly registered company dropped by 3% compared with the number in 2019 Source: National Business Registration Portal 114,456 111,160 2019 2020 YTM (Jan-Oct) Unit
  • 13. Unemployment ratio Up to Quarter 3/2020, the unemployment ratio increased by 2.48% compared with the number last year Source: GSO (General Statistics Office of Vietnam) 2.17 2.16 2.17 2.15 2.22 2.73 2.50 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
  • 14. Car sales trend Up to Q3/ 2020, car sales decreased by 21% compared with the same period in 2019 25,828 20,363 27,058 27,419 27,989 31,425 15,212 16,616 18,270 10,816 18,571 23,324 23,368 19,601 26,84829% 6% 13% -2% -5% -3% -52% 45% -40% -46% -29% -11% -10% -4% -1% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 0 Monthly trend Unit Trend vs previous year Category 2020 YTM (Jan-Sep) 2019 YTM (Jan-Sep) Trend vs P.Y Total 172,626 219,238 -21% Passenger 127,166 163,520 -22% Commercial 43,692 53,149 -18% Special purpose 1,768 2,569 -31% Source: VAMA (Vietnam Automobile Manufacturers' Association) The figures include 3 types of car: Passenger cars, Commercial vehicles (trucks & buses) & Special-purpose vehicles Unit
  • 15. Motorbike sales trend 753,934 749,516 831,440 920,074 731,077 518,920 677,739 -6% -4% -4% -1% -3% -31% -18% -35% -30% -25% -20% -15% -10% -5% 0% 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Quarterly trend Unit Trend vs previous year Source: VAMM (Vietnam Association of Motorcycle Manufacturers) The numbers include: Honda, Piaggio, Suzuki, SYM & Yamaha Up to Quarter 3/ 2020, the motor sales dropped by 17% compared with the number last year 2,334,890 1,927,736 2019 2020 YTQ (Q1-Q3) Unit
  • 16. International visitors to Vietnam Source: GSO (General Statistics Office of Vietnam) 1,561,274 1,618,337 1,809,580 1,710,168 1,994,125 1,242,731 449,923 26,241 22,672 8,784 13,940 16,301 13,769 14,819 29% 34% 39% 24% 33% -22% -68% -98% -98% -99% -99% -99% -99% -99% -110% -100% -90% -80% -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 1,100,000 1,200,000 1,300,000 1,400,000 1,500,000 1,600,000 1,700,000 1,800,000 1,900,000 2,000,000 2,100,000 Monthly trend Unit Trend vs previous year Up to Oct 2020, the number of international visitors to Vietnam declined by 74% compared with the figure of the same period in 2019 14,488,843 3,803,305 2019 2020 YTM (Jan-Oct) Person
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  • 18. Key highlight - Who we are Q&Me is the tech-oriented market research company We manage all the projects of both online and offline through one dedicated platform to provide the valuable hints to your business promptly with high quality Q&Me is biggest online research service provider We own over 500,000 Vietnamese panelist with the variety of the profiles. With the proprietary reward and quality scheme, we deliver the research results soonest Proprietary research platform for superb quality We have 300 well-trained fieldworkers nation-wide, who are connected real-time through our dedicated app. All the tasks they conducts are monitored real-time with automation
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