(Tiểu luận) macroeconomics group assignmentcollecting data and analyzing vietnams economic growth in the period 2016 2021 and the first 3 quarters of 2022

MINISTRY OF EDUCATION AND TRAINING NATIONAL ECONOMICS UNIVERSITY NEU BUSINESS SCHOOL -   - MACROECONOMICS GROUP ASSIGNMENT Collecting data and analyzing Vietnam's economic growth in the period 20162021 and the first quarters of 2022 Lecturer: Group: Member: Class: PGS.TS Giang Thanh Long 01 Phạm Viết Lương – 11213571 Nguyễn Hải Anh – 11219017 Đỗ Quang Đăng – 11219047 Hồ Sĩ Minh – 11219093 Phạm Thị Mỹ Ngọc – 11219014 Lê Kiều Oanh – 11219111 Nguyễn Mai Dương – 11219042 Vũ Tú Oanh – 11219113 Lê Thu Hường – 11219066 Lê Thị Thùy Dương – 11219014 E-BBA13.1 Ha Noi, October 2022 NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics INDEX INDEX - INTRODUCTION - BODY Economic Growth I GDP Growth Rate in the period 2016-2021 GDP Growth Rate in the first three quarters of 2022 II Growth factors - Investment - 1.1 Investment in the period 2016-2021 1.2 Investment in the first quarters of 2022 -9 State budget and insurance - 10 2.1 Accumulation of state budget revenue and expenditure in the period 2016-2021 10 2.2 State budget deficit for the period 2016-2021 11 2.3 Accumulation of state budget revenue and expenditure in the third quarter of 2022 12 2.4 Insurance - 13 Agriculture, forestry, and seafood 15 3.1 Agriculture 15 3.2 Forestry - 20 3.3 Fishery 21 Industry - 22 4.1 Whole industry - 23 4.2 Manufacturing - 24 4.3 Mining and quarrying 24 4.4 Three quarter 25 Transport - 26 5.1 Passenger transport 2016-2021 -27 5.2 Freight transport 2016-2021 -28 5.3 Passenger transport in the first three quarters of 2022 28 5.4 Freight transport in the first three quarters of 2022 29 REFERENCE MATERIAL 30 NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics INTRODUCTION In the context of the world and the region, there are factors of advantages and disadvantages intertwined The Asia-Pacific region remains the dynamic development center of the world economy ASEAN's central role of connectivity in regional institutions continues to be confirmed, but challenges remain Peace and development cooperation is a big trend, but extreme nationalism, ethnic and religious conflicts, and terrorist activities continue to increase Major countries strengthen their military power and strategic competition in the region is increasingly fierce Territorial disagreements, especially those in the East Sea, have become fierce and complicated Science and technology develop very rapidly along with globalization and international integration, which has a strong impact on the economic development of countries The implementation of existing free trade agreements and participation in new-generation free trade agreements, along with the formation of the ASEAN Community in 2015 open up many favorable opportunities for development but also set out many difficulties and challenges for the period from 2016-2020 The reemergence of the COVID-19 pandemic has tightened the labor market, disrupted supply chains, and caused - growth to slow down in 2021 Growth will flourish in 2022 when many service activities are active come back The weather conditions are relatively favorable for winter-spring rice to grow and develop, but the complicated developments of the Covid-19 epidemic have greatly affected the production and consumption of agricultural products Livestock production is in recovery but facing difficulties due to the high price of animal feed The development of forestry production, wood processing, and export in the first months of 2022 has many positive signs NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics BODY I Economic Growth Economic growth is the increase in gross domestic product (GDP) or gross national product (GNP) or the size of national output per capita (PCI) over a given period of time Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period GDP Growth Rate in the period 2016-2021 Figure 17 Show the GDP Growth Rate in the period 2016-2021 In general, the size of Vietnam's GDP always tends to increase in the period from 2016 to 2021 On average, in the period 2016 - 2019, the GDP growth rate reached 6.78% Especially, 2018 and 2019 achieved impressive growth results with growth rates of 7.08% and 7.02% respectively However, by 2020, the economic growth rate will slow down, increasing only 2.91% and that number will decrease further in 2021 with the figure of 2.58% During this time, which is also the period when the Covid-19 pandemic broke out on a large scale around NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics the world as well as in Vietnam, all sectors were deeply affected and the economy was not an exception Figure 20 Show the GDP per head in the period 2016-2021 GDP per capita at current prices is always higher than the previous year From 2016 to 2021, GDP per capita increased at a relatively stable rate By 2021, it will reach 3,717 USD/person, an increase of 165 USD compared to 2020 GDP at current prices in 2021 will reach 8,479.7 trillion VND (equivalent to 366.1 billion USD) GDP Growth Rate in the first three quarters of 2022 First quarter: GDP of the first quarter of 2022 increased by 5.03% over the same period last year, showing the first step of Vietnam's economic recovery in the context that the world is gradually recovering from the Covid-19 pandemic Second quarter: GDP at current prices of the second quarter of 2022 was 2312996 (VND billion) and it increased by 7.72% over the same period last year This recovery took place at a rather fast pace when the Covid-19 epidemic was under control and the 31st SEA Games were successfully held in Vietnam Third quarter: In the third quarter of 2022, the current GDP is estimated at 2373152 (VND billion), an increase of 13.67% over the same period last year This is an NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics impressive figure that shows the strong growth of the Vietnamese economy while the world economic growth is considered to be on a downward trend The first months of the year: GDP figures for the first months of 2022 are calculated at about 6839048 (VND billion), up 8.87% over the same period last year This is a leap forward with the highest GDP growth rate in the last years and it shows a spectacular breakthrough of Vietnam compared to the general situation of the world II Growth factors Investment Owning stock entails owning a stake in a business Even though it's a tiny portion, it's still ownership All traded assets, including futures and currency swaps, are ownership interests in a broader sense Investors buy them in hopes of sharing in the profits, anticipating a growth in value, or a combination of the two A foreign enterprise or project that receives a foreign direct investment (FDI) from a foreign investor, business, or government Because it establishes strong, long-lasting ties between economies, FDI is a crucial component of global economic integration 1.1 Investment in the period 2016-2021 a Investment at current prices by types of ownership in the period 2016-2021 (Billions dong) Year 2016 2017 2018 2019 2020 2021 State 557496 594885 619106 634948 728947 713577 Non – State 579700 677510 803300 942449 972230 1720254 Foreign-invested sector 347900 396206 434200 469441 463280 458081 Document continues below Discover more from: Macroeconomics Đại học Kinh tế Quốc… 543 documents Go to course 11 Ôn tậpPremium môn Kinh tế Vĩ mô trường đại học Kinh tế… Macroeconomics 100% (12) Premiumvi mo - de thi Trac nghiem 16 kinh te vi mo Macroeconomics 100% (11) Premiumvi mo chuong Trac nghiem Macroeconomics 100% (6) Premium Chuong 27 Macroeconomics 100% (6) Premium Macroeconomics Lecture 17 Note Macroeconomics 100% (6) Premium Đề thi kinh tế vĩ mô FTU NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Macroeconomics Group 01 – Macroeconomics Investment at current prices by types of ownership in the period 2016 -2021 2000000 1800000 1600000 Billions dong 1400000 1200000 1000000 800000 600000 400000 200000 2016 2017 2018 2019 2020 2021 Axis Title State Non - State Foreign invested sector Figure The chart shows the volatility in investment at current prices by types of ownership in the period 2016-2021 (Billions dong) Overall, the state, non-state, and foreign-investedsectors of the entire society's total investment capital at present prices is modest but has experienced sustained growth from 2016 to 2019 By 2020, due to the effects of the Covid outbreak, realized social investment capital at current prices will increase by 5.7% to VND 2164.5 trillion This is the lowest growth rate between 2011 and 2020 because of the COVID-19 epidemic's detrimental effects on all commercial and manufacturing activities In which the non-state sector reached 972.2 trillion dong, equaling 44.9% and growing by 3.1%; the state sector reached 729 trillion VND, accounting for 33.7% of the total capital and up 14.5% from 2019; and the foreign direct investment sector reached 463.3 trillion dong, equaling 21.4% and declining 1.3% In 2021, the realized investment capital of the whole society at current prices will reach VND 2,891.9 trillion, up 3.2% over the previous year, of which: State capital will reach VND 713.6 trillion, accounting for 24.7% total capital and decreased by 2.9% over 100% (6) NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics the previous year; the non-state sector reached 1720.2 trillion dong, equaling 59.5% and increasing by 7.2%; FDI sector reached 458.1 trillion dong, equaling 15.8% and decreasing 1.1% Although this is the lowest increase in many years, it is a positive result in the context of the complicated developments of the COVID-19 pandemic in the country and in the world In short, the Covid pandemic epidemic had a negative impact on the economy, delaying business and production operations and causing investment capital growth, albeit at a very low level b Foreign direct investment projects licensed by kinds of economic activity in the period 2016-2021  Number of projects Manufacturing Real estate activities Electricity, gas, steam, and air conditioning supply Wholesale and retail trade; repair of motor vehicles and motorcycles 2016 1042 62 2017 2018 2019 2020 2021 968 1106 1365 828 551 74 95 127 71 63 13 20 15 20 24 514 619 788 1140 722 507  Total registered capital (Mil USD) Manufacturing Real estate activities Electricity, gas, steam, and air conditioning supply Wholesale and retail trade; repair of motor vehicles and motorcycles 2016 16936.9 2355 2017 16437.6 3107.5 2018 19378 8253.3 2019 25196 3860.4 2020 14786.7 4976 2021 22500.7 3607.2 310.4 8374.1 1817.4 1010.6 5185.1 7990.3 1972.1 2213.1 1727.6 2594 1785.3 1426.5 NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics Total registered capital of foreign direct investment projects licensed by kinds of economic activity in the period 2016-2021 30000 25000 Mil USD 20000 15000 10000 5000 2016 2017 2018 2019 2020 2021 Axis Title Manufacturing Real estate activities Electricity, gas, steam and air conditioning supply Wholesale and retail trade; repair of motor vehicles and motorcycles Figure The chart shows the total registered capital of foreign direct investment projects licensed by Manufacturing; Real estate activities; Electricity, gas, steam, and air conditioning supply; Wholesale and retail trade, and repair of motor vehicles and motorcycles in the period 2016-2021 Over the 2016–2021 period, foreign investors made investments in 19 different industries, although the processing and manufacturing sector has consistently drawn the most of their attention Additionally, industries receiving foreign direct investment are particularly prominent in sectors like real estate, wholesale, retail, or power production and distribution With a total registered capital of 115.2 billion USD, the manufacturing and processing industry was the sector that received the most interest from investors during this time With 5860 projects, this industry has the most investment projects overall With a total registered capital of 26.2 billion USD, real estate came in second The industries that get NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics cultivated area of cash crops decreased compared to the same period last year due to unfavorable weather conditions, inundation in many areas, and economic efficiency from crops such as corn, sweet potato, and peanuts is not high, so farmers reduce production b Industrials plan Production of industrial crops in the period 2016-2021 6000 5000 million tons 4000 3000 2000 1000 2016 2017 2018 cashew 2019 rubber tree coffee tea 2020 2021 pepper Figure Show production of industrial crops in the period 2016-2021 (million tons) 2016 2017 2018 2019 2020 2021 Cashew 205.3 215.8 266.4 286 348.5 399.3 Rubber tree 1035.3 1094.5 1137.7 1182.5 1226.1 1271.9 Coffee 1460.8 1577.2 1616.3 1686.8 1763.5 1845 Tea 1033.6 972 994.2 1017.5 1045.6 1073 Pepper 216.4 252.6 262.7 264.8 270.2 288.2 Total production of industrial crops increased steadily during this period In general, all industrial crops increase their annual output, except for cashew and tea In 2017, cashew nuts decreased by 29.3%, tea production decreased by 6% compared to 2016 17 NATIONAL ECONOMICS UNIVERSITY NEU Business school E-BBA13.1 class Group 01 – Macroeconomics After years, the largest products in terms of output, rubber increased by 22.85%, coffee increased by 26.3% and tea increased by 3.8% Obviously, coffee is still a potential industrial crop bringing abundant supply to our country The output of some major industrial crops in the first nine months of 2022 increased over the same period in 2021, of which: Tea buds reached 891.9 thousand tons, up 0.7%; rubber reached 841.3 thousand tons, up 3.2%; pepper reached 267.6 thousand tons, up 0.5% c Fruit trees Output of fruit trees in the period 2016-2021 8000 7000 6000 million tons 5000 4000 3000 2000 1000 2016 2017 banana logan 2018 2019 mango lychee, rambutan 2020 2021 oranges, tangerines grapefruit Figure 10 Show the output of fruit trees in the period 2016-2021 (million tons) 2016 2017 2018 2019 2020 2021 banana 1977 2066.2 2095.6 2194.2 2267.5 2346.9 mango 728.1 745.5 791.8 839 892.7 999.6 oranges, 806.9 957.9 1075 1220 1359.7 1784.7 18