Labour extensive export sectors to be impacted by Vietnam-EU FTA

by Yash Shah

Vietnam has finalised a free trade agreement (FTA) with the European Union (EU). As per a report in Financial Express, the FTA will raise competition between Asian rivals for the lucrative EU market in a range of products such as garments, footwear, marine products, plastics, rubber, leather and coffee. Vietnam will get duty-free access to the EU for 71 per cent of its goods from day one and 99 per cent after seven years but Indian supplies will continue to attract up to 9.6 per cent duty.

References
1. https://www.financialexpress.com/economy/eu-vietnam-fta-indias-labour-intensive-export-sectors-to-feel-the-heat-china-may-gain/2006733/
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.1 -1.9
Consumer Sentiments Index
Base September-December 2015
53.7 -0.3
Consumer Expectations Index
Base September-December 2015
55.4 -0.5
Current Economic Conditions Index
Base September-December 2015
51.1 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Mar 20 Jun 20 Sep 20 Dec 20
New projects 3.80 0.83 1.05 0.86
Completed projects 1.77 0.25 0.72 0.58
Stalled projects 0.73 0.11 0.08 0.30
Revived projects 0.42 0.68 0.36 0.09
Implementation stalled projects 10.18 0.09 0.07 0.12
Updated on: 23 Jan 2021 8:28PM
Quarterly Financials of Listed Companies
(% change) Mar 20 Jun 20 Sep 20 Dec 20
All listed Companies
 Income -5.0 -27.6 -6.2 1.4
 Expenses -1.9 -27.9 -10.1 -8.5
 Net profit -48.9 -40.3 45.3 185.3
 PAT margin (%) 2.3 5.3 8.3 16.7
 Count of Cos. 4,358 4,351 4,316 257
Non-financial Companies
 Income -9.0 -37.4 -10.4 -0.7
 Expenses -4.9 -37.6 -14.0 -4.0
 Net profit -50.1 -55.8 29.9 39.2
 PAT margin (%) 3.2 4.5 8.0 17.2
 Net fixed assets 13.3 5.9
 Current assets 3.6 0.8
 Current liabilities 6.2 -2.8
 Borrowings 15.8 8.1
 Reserves & surplus 1.3 4.5
 Count of Cos. 3,244 3,241 3,222 185
Numbers are net of P&E
Updated on: 23 Jan 2021 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.5 0.3
 Expenses 9.9 13.8 0.5
 Net profit -41.4 18.5 -11.8
 PAT margin (%) 1.9 2.2 3.8
 Assets 10.9 9.5 9.3
 Net worth 7.4 8.5 4.7
 RONW (%) 3.4 4.0 5.5
 Count of Cos. 29,431 28,732 9,883
Non-financial Companies
 Income 8.6 14.1 -2.6
 Expenses 8.8 14.3 -1.8
 Net profit -10.1 22.6 -24.0
 PAT margin (%) 2.7 3.0 3.9
 Net fixed assets 7.2 5.5 12.4
 Net worth 6.0 8.2 1.7
 RONW (%) 5.6 6.6 6.8
 Debt / Equity (times) 1.0 1.0 0.8
 Interest cover (times) 2.1 2.3 2.6
 Net working capital cycle (days) 77 70 59
 Count of Cos. 23,809 23,199 7,312
Numbers are net of P&E
Updated on: 20 Jan 2021 2:19PM