vietnam market trend shared by worldline technology

Vietnam market trend report (2020, Q2) Asia Plus Inc Q&Me is online market research provided by Asia Plus Inc 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 July 2020 Highlight Retail sales (Billion VND) 2,390,263 CPI change (2020 vs 2019) (%) 2,366,280 Motor sales (Unit) 753,934 731,077 1Q 2019 1Q 2020 6.43 5.4 4.87 2.93 Jan-Jun 2019 Jan-Jun 2020 Car sales (Unit) Jan Feb Mar Apr 3.17 2.4 May Jun Int’l visitors to Vietnam (People) 8,480,993 145,811 102,888 3,744,476 Jan-Jun 2019 Jan-Jun 2020 Jan-Jun 2019 Jan-Jun 2020 Retail sales trend Billion VND Category 2020 YTD 2019 YTD (Jan-June) (Jan-June) Trend vs P.Y Monthly trend 450,000 449,784 428,782432,366 422,285 419,330 413,308 412,727 406,402 11% Total 2,366,280 2,390,263 -1% 12% 12% 11% 11% 6% 303,258 1% 1,890,372 1,821,958 4% 10,253 22,459 -54% Accommod ation and catering 229,744 286,514 -20% Others 235,911 Retail 250,000 -5% -15% -20% -23% -25% -30% -50,000 -9% Figure Trend vs previous year 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 Source: GSO (General Statistics Office of Vietnam) Data of June 2020 is estimated 0% -10% 50,000 259,332 5% -5% 150,000 Travelling 15% 10% 369,827 12% 12% 4% 350,000 431,026 405,983 Retail sales trend Travelling Retail sales 350,000 310,595312,233 317,254318,731 323,756 325,782 348,738 321,441 320,926 336,585 20% 297,391 265,291 250,000 12% 12% 12% 10% 8% 11% 11% 12% 12% 6% 3,901 3,894 11% 9% 3,895 3,977 4,228 4,057 14% 17% 12% 5% 4,149 20% 4% 0% 10% -20% 2,336 1,906 -1% 150,000 -38% 0% -40% -51% 1,293 -60% -63% 50,000 518 -10% -99% -50,000 -100% -20% Others Accommodation and catering 50,382 48,942 48,811 49,216 50,692 51,948 50,799 10% 10% 10% 5% 7% 46,083 12% 41,545 6% 40,857 50,361 50,277 50,408 47,849 48,239 49,370 19% 46,098 20% 10% -8% -10% -17% -27% 16,574 6% 10% -20% 12% 46,452 43,167 41,595 11% 0% 33,886 -13% 16% 37,257 11% -5% 2% -10% 10% 0% -2% -20% -40% -60% -70% 20% -30% -50% -65% 30% -10% 21,342 -30% -40% -80% -86% 51 -12% -51% -50% -60% Consumer price index change vs 2019 (Total) Percentage 6.43 5.4 4.87 3.17 2.93 2.4 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 In average, CPI of the first half year of 2020 increased 4.19% compared with first months of 2019 CPI of June increased 3.17% vs CPI of June 2019 Source: GSO Car sales trend Unit Category 2020 YTD 2019 YTD (Jan-June) (Jan-June) Monthly trend Trend vs P.Y 31,425 60% 27,989 27,058 27,419 25,828 50% 46% 40% 23,324 Total 102,888 145,811 29% 20,363 -29% 6% Passenger 74,694 109,423 -32% 18,571 18,270 13% -5% -3% 15,211 16,696 30% 20% 10% 0% -2% -10% -11% 10,816 -20% -29% -39% Commercial 26,939 34,581 -40% -22% -52% -46% Special purpose 1,255 1,807 -30% -50% -60% -31% Figure Trend vs previous year Car sales in the first half of 2020 decreased by 29% compared with the same period in 2019 Source: VAMA (Vietnam Automobile Manufacturers' Association) The figures include types of car: Passenger cars, Commercial vehicles (trucks & buses) & Special-purpose vehicles Motorbike sales trend Quarterly trend 1,000,000 753,934 731,077 900,000 800,000 0% 920,074 831,440 753,934 749,516 -1% -1% 731,077 -2% 700,000 600,000 -3% -3% 500,000 -4% -4% 400,000 -4% 300,000 -5% 200,000 100,000 1Q 2019 1Q 2020 -6% -6% -7% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Motor sales in the 1Q 2020 dropped by 3% compared with the 1Q 2019 Source: VAMM (Vietnam Association of Motorcycle Manufacturers) The numbers include: Honda, Piaggio, Suzuki, SYM & Yamaha Q1 2020 International visitors to Vietnam YTD trend Monthly trend 2,100,000 2,000,000 29% 1,900,000 8,480,993 1,800,000 1,700,000 11% 1,600,000 14% 1,512,447 1,561,274 34% 1,994,125 39% 50% 40% 1,809,580 1,710,168 33% 30% 1,618,337 20% 24% 10% 1,500,000 1,400,000 0% 1,315,792 1,242,731 1,300,000 1,200,000 -10% -20% -22% 1,100,000 -30% 1,000,000 3,744,476 900,000 -40% 800,000 -50% 700,000 -60% 600,000 449,923 500,000 300,000 -80% -98% -98% 200,000 26,241 100,000 2019 -70% -68% 400,000 22,672 -99%-90% 8,784 -100% -110% 2020 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 Source: GSO (General Statistics Office of Vietnam) Data of June 2020 is estimated Q&Me – About Online Market Research Services Our research solutions Enhanced Service 3: Business survey Provide the research services driven by the technogies Admin platform Plan, Manage and Analyze data Consumer research app Collect surveys from online consumers Traditional market research Effective retail audit or data collection Our advantage: Direct Panel Management Our strength is 16-39 years old and urban 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based on the exact profile • Refined and very derailed database panel Take out users with irrelevant replies • • • Remove Fake questions hit users Remove Contradicted answer users Take out straight answer users Take out speed users • We count the average median time and take out those who are less than that Manual check by the experienced researchers • Our experienced researchers will check the relevance as well as open comments Re-assortment of panelist priorities • Based on the survey results, bad users are screened out while prioritizing those who return s good feedbacks 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 ... 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. .. to Vietnam (People) 8,480,993 145,811 102,888 3,744,476 Jan-Jun 2019 Jan-Jun 2020 Jan-Jun 2019 Jan-Jun 2020 Retail sales trend Billion VND Category 2020 YTD 2019 YTD (Jan-June) (Jan-June) Trend. .. increased 3.17% vs CPI of June 2019 Source: GSO Car sales trend Unit Category 2020 YTD 2019 YTD (Jan-June) (Jan-June) Monthly trend Trend vs P.Y 31,425 60% 27,989 27,058 27,419 25,828 50% 46%