Vietnam economy grows 5.54% in Jan-Sept
Vietnam economy grows 5.54% in Jan-Sept
The nation’s gross domestic product (GDP) has picked up 5.54% this year from the same period last year, according to a report by the Ministry of Planning and Investment.
The primary industry has jumped 3.17%, industrial and construction 6.12% and services 6.02%. The index of industrial production (IIP) has added 6.7% with agriculture, forestry and aquaculture rising 3.5% year-on-year.
The nation’s total exports have amounted to US$109.6 billion, a 14.1% spike, and its total imports have reached over US$107 billion, an 11% year-on-year increase.
Vietnam ran a trade surplus of US$2.47 billion, or 2.25% of the total export value. Of this, the foreign-invested sector reported a trade surplus of US$12.7 billion while the State-run sector has brought a trade deficit of US$10.2 billion.
As of September 15, State budget collections had reached VND597.5 trillion, or 76.3% of the year’s estimate.
The nation’s consumer price index (CPI) has risen 4.61%.
Meanwhile, the total social investment is nearly VND834 trillion, advancing 10.3%.
However, fresh foreign direct investment (FDI) approvals have fallen 25.5% year-on-year to nearly US$11.2 billion. Notably newly-licensed projects included a US$1-billion project of Samsung Display Bac Ninh Co. Ltd. and a US$300-million project Hong Kong’s Texhong Ngan Ha Co. Ltd.
Korea is the biggest investor in Vietnam with US$3.55 billion worth of new and supplementary capital, making up 31% of the total FDI inflow.
The nation has seen total capital injections into the economy at over VND741 trillion, including over VND320 trillion of nearly 53,200 newly-established enterprises and over VND421 trillion of extra capital of existing firms.
The number of newly-established firms has dropped 8.7% year-on-year but the total registered capital has spiked 13.9%.
Besides, there are over 48,300 firms having been dissolved, having halted operating and having filed for business closures, a 13.8% year-on-year rise. However, some 11,800 firms have resumed operations after stopping business before that, up 5.1%.
vietnamnet
