statistics

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VietNamNet Bridge - The independence and objectivity of statistical data released by ministries and local authorities is dubious, Minister of Planning and Investment Bui Quang Vinh has said. 

Dubious statistical methods skew Vietnam’s unemployment rate

 VietNamNet Bridge – Unemployment rates are regularly reported by government agencies, but the state General Statistics Office (GSO) doubts the figures.

As unreliable as Vietnamese statistics

 VietNamNet Bridge – Vietnamese economists read a lot of statistical reports every day. But that doesn’t mean they trust them.

BUSINESS IN BRIEF 31/1

 Trade deficit with China up 44.5%; Securing market shares to compete with foreign retail outlets; EU remains Vietnam’s largest export market; Statistics department explains mistakes in January CPI calculation

Vietnamese get richer thanks to new calculation method

For the majority of Vietnamese, 2013 is a difficult year when they have to cut down expenses to exist. Meanwhile, the General Statistics Office (GSO) at the end of the year reported an impressive increase in the income per capita.

Statistics about labor market unreliable

 VietNamNet Bridge – The reports by relevant ministries and branches all showed that more jobs have been created and the unemployment rate has decreased in the context of the ailing national economy.

Differences in statistics blamed on different ways of calculation

In 2010 and 2011, the gross regional domestic product (GRDP) indexes reported by the 63 provinces and cities were very high, but the GDP of the whole country were low at 6.42 and 6.24 percent, respectively.

International standards makes VN unemployment rate low

The General Statistics Office said, according to international standards, workers who are unemployed for seven days but work for only one hour are considered to have a job so Vietnam’s unemployment rate is low.

BUSINESS IN BRIEF 18/6

 Vietnam, EFTA hold FTA negotiations; Largest poly-metallic mine to be operational soon; HAGL group builds airport in Laos; Dung Quat refinery imports 300th lot of crude oil

Big differences in statistics make economists puzzled

Economists, while pointing out that the reports released by different state agencies are at variance, said that it’s very difficult to find out effective solutions to the current situation with such the unreliable statistics.

The cutthroat competition among OTT apps kicks off

Too many firms have jumped into the OTT market, both domestic and foreign, which have spent multi billions of dong to advertise the apps. Only those who can spend money like water can win the competition.

Unemployment down, why is the economy not good

Typically, in many countries around the world, the unemployment indicator is used to assess the health of the economy. If this rate is low, the economy is healthy and is creating more jobs. But it is different in Vietnam.

Vietnam ranks ninth in the world for overseas remittances

VietNamNet Bridge - With $10 billion of overseas remittances in 2012, Vietnam is listed in the top 10 countries that attracted the highest overseas remittances in the world, according to the World Bank.