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Vietnam market trend Q3 / 2020

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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

Published in: Marketing
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Vietnam market trend Q3 / 2020

  1. 1. Q&Me is online market research provided by Asia Plus Inc. Vietnam market trend report (Up to October 2020) Asia Plus Inc.
  2. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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
  17. 17. Q&Me – About Online Market Research Services
  18. 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
  19. 19. 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 ences Speed Cost
  20. 20. 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.
  21. 21. Our customers Food & Beverage FMCG Manufacturing Technology Finance Others Retail
  22. 22. Contact Us URL: http://www.qandme.net Contact: info@qandme.net Q&Me is operated by Asia Plus Inc. Asia Plus Inc. Floor 6, Phuong Long Building, 506 Nguyen Dinh Chieu Street, Ward 4, District 3, HCM City, Vietnam Tel. +84 2839 100 043

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