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Q&Me is online market research provided by Asia Plus Inc.Vietnam market trend report 2020, Q2 Asia Plus Inc... This is the consolidated report summarizing the public information as to Vi

Q&Me is online market research provided by Asia Plus Inc.

Vietnam market trend report (2020, Q2)

Asia Plus Inc

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 July 2020

753,934 731,077

Car sales (Unit) Int’l visitors to Vietnam (People)

CPI change (2020 vs 2019) (%)

6.43 5.4 4.87

2.93 2.4 3.17

2,390,263 2,366,280

Jan-Jun 2019 Jan-Jun 2020

145,811

102,888

Jan-Jun 2019 Jan-Jun 2020

8,480,993

3,744,476

Jan-Jun 2019 Jan-Jun 2020

Billion VND

Retail sales trend

Source: GSO (General Statistics Office of Vietnam)

Data of June 2020 is estimated

Retail sales and services had a rapid decline in the first four months of 2020 and hit the lowest point in April However, the situation has been better since May

412,727413,308419,330422,285428,782432,366

449,784 406,402 369,827

303,258

405,983 431,026

11% 12% 12% 11% 11% 12% 12%

4%

-5%

-23%

1%

6%

-30% -25% -20% -15% -10% -5% 0% 5% 10% 15%

-50,000 50,000 150,000 250,000 350,000

450,000

Monthly trend

Figure Trend vs previous year

Category 2020 YTD

(Jan-June)

2019 YTD (Jan-June)

Trend

vs P.Y

Accommod

ation and

catering

229,744 286,514 -20%

Retail sales trend

Retail sales

310,595312,233317,254318,731323,756325,782

348,738 320,926 297,391 265,291 321,441336,585

12% 12% 12% 11% 11% 12% 12% 8%

-1%

-12%

6%

10%

-20%

-10%

0%

10%

20%

-50,000

50,000

150,000

250,000

350,000

Travelling

3,901 3,894 3,895 3,977 4,057 4,228 4,149

2,336 1,293

51 518 1,906

11% 9% 14% 17% 12% 5% 4%

-38%

-63%

-99%

-86% -51%

-100% -80% -60% -40% -20% 0% 20%

0

50,382 48,942 48,811 49,216 50,692 51,948 50,799

41,545 33,886

16,574

40,857 46,083

10% 10% 10% 7%

5%

6%

12%

-13% -27%

-65%

-17%

-8%

-70%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

0

47,849 48,239 49,370 50,361 50,277 50,408

46,098 41,595 37,257

21,342

43,16746,452

6% 10% 12%

11%

16%

19%

11%

2% -10%

-51%

-5%

-2%

-60% -50% -40% -30% -20% -10% 0% 10% 20% 30%

0

Consumer price index change vs 2019 (Total)

6.43

5.4

4.87

2.93

2.4

3.17

In average, CPI of the first half year of 2020 increased 4.19% compared with first 6 months of 2019 CPI of June increased 3.17% vs CPI of June 2019

Source: GSO

Percentage

Car sales trend

Car sales in the first half of 2020 decreased by 29% compared with the same period in 2019

25,828

20,363 27,058 27,419 27,989

31,425

15,211 16,696

18,270

10,816

18,571

23,324 29%

-2%

-5% -3%

-52%

46%

-39%

-46%

-29% -11%

-60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60%

0

Monthly trend

Figure Trend vs previous year

Category 2020 YTD

(Jan-June)

2019 YTD (Jan-June)

Trend

vs P.Y

Special

purpose

1,255 1,807 -31%

Source: VAMA (Vietnam Automobile Manufacturers' Association)

The figures include 3 types of car: Passenger cars, Commercial vehicles (trucks & buses) & Special-purpose vehicles

Motorbike sales trend

753,934 749,516

831,440

920,074

731,077

-6%

-4%

-4%

-1%

-3%

-7% -6% -5% -4% -3% -2% -1% 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

Quarterly trend

Source: VAMM (Vietnam Association of Motorcycle Manufacturers)

The numbers include: Honda, Piaggio, Suzuki, SYM & Yamaha

Motor sales in the 1Q 2020 dropped by 3% compared with the 1Q 2019

753,934

731,077

3,744,476

YTD trend

International visitors to Vietnam

Source: GSO (General Statistics Office of Vietnam)

Data of June 2020 is estimated

1,315,792 1,512,447 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

29% 34%

39%

24%

33%

-22%

-68%

-98% -98% -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

Figure Trend vs previous year

In the first half of 2020, due to COVID-19, the number of international visitors to Vietnam dropped by 56% compared with the figure in 2019

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