(Hanoi News) Vietnam's recent business prosperity is obviously not good, but economic data released by the central and local governments show that GDP (GDP) and tourism data have improved significantly, causing questions from all parties.
According to the Nikkei Asia report, insufficient investment and economic slowdown have led to a sharp decline in demand. Vietnam's structural steel industry has been severely hit, the operating rate of production facilities has fallen to about 30%, and steel vendors have also lost their losses.In Capital Hanoi, rotten tail buildings are becoming more and more common.Some foreign trade people have reported that Vietnam's current commercial prosperity is worse than the global financial crisis.
However, according to data released by the Vietnam Statistics Administration on June 29, Vietnam's second quarter GDP increased by 4.14%year -on -year, which was almost 3.28%of the first quarter.The industrial production index in June was 2.8%, which improved for two consecutive months.
Business sources said the data was a bit strange.Before the official data was announced, Standard Chartered Bank predicted that Vietnam's GDP would increase by 1.5%in the second quarter.
A survey by the General Administration of Statistics of Vietnam also shows the pessimistic emotions of the business community. Only about 30 % of the manufacturing companies agree that the second quarter business is improved compared to the first quarter.
Vietnam's GDP growth data generally shows an upward trend in the second half of the year.Judging from the average GDP growth rate from 2010 to 2019, the average growth rate of the first quarter was 5.87%, and the average of the fourth quarter was 6.75%, which was significantly accelerated.
The official data of Guangnan Province, where the tourist destinations in central Vietnam are located, are also doubtful.Guangnan Province received 4.6 million tourists in the first half of this year, almost doubled in the same period last year.
However, some local hotel operators are dissatisfied with data.
A senior official of the General Administration of Statistics of Vietnam denied data fraud in the Vietnamese media interview.He insisted: "According to the micro data collected by the Statistics Administration, compared with the first season, the status of many industries in the second season has improved."
Vietnam's GDP growth rate in the first half of this year was 3.72%, which was far lower than at least 6.2%of the previously set.
The Vietnamese government said that although the economic growth in the first half of this year has not reached expectations, the current global economy is weak, which is a reasonable growth rate.
