Economic indicators in first eight months remain positive

22:52 - 05/09/2017

Viet Nam's economic indicators featuring trade turnover, Foreign Direct Investment (FDI) attraction, Consumer Price Index (CPI) and new enterprises remain positive in the first eight months of the year.

Trade deficit hits US$2.13 billion

Viet Nam’s trade deficit was estimated to hit US$2.13 billion in the first eight months of 2017.

During the reviewed time, Viet Nam’s import value jumped by 22.3% year-on-year to US$135.63 billion while the export turnover reached US$133.5 billion, up 17.9% against last year.

The country’s import-export turnover hit US$269.13 billion, a yearly increase of 20.1%.

US$ 23 billion of FDI absorbed

Total amount of FDI attracted in the first eight months of 2017 touched US$ 23.36 billion, representing a year-on-year surge of 45.1%.

As of August 20, disbursement of FDI projects was estimated at US$ 10.3 billion, up 5.1% against the same period last year.

Up to 1,624 FDI projects acquired business licenses worth US$ 13.45 billion, up 37.4% against the same period last year. About 773 projects got additional capital of US$ 6.4 billion, representing a year-on-year surge of 40.2%. Foreign investors poured US$ 3.5 billion to buy shares from Vietnamese companies, representing a year-on-year growth of 101.3%.

CPI in August increases 0.92%

The Consumer Price Index (CPI) in August 2017 rose 0.92% against the previous month, according to the General Statistics Office.

The average CPI in eight months of this year witnessed a year-on-year increase of 3.84%, and increased 1.23% and 3.35% in comparison with December last year and the same period last year, respectively.

Ten groups saw increases in prices compared to the previous month, including pharmacy and health service up 2.86%, transport up 2.13%, restaurants and food services up 1.06%, housing and building materials up 0.93%, education up 0.57%, garments, hats and footwear up 0.09%, beverage and tobacco up 0.07%, household equipment up 0.03%, culture, entertainment and tourism up 0.01% and other services up 0.1%.

The price of telecommunications declined 0.04%.

Newly-established enterprises sharply increase

As many as 85,357 newly-established enterprises were recorded in the first eight months of the year with a registered capital of VND822,100 billion, respectively up 16.3% and 44.8% against the same period last year.

The average registered capital of each enterprise reached VND9.6 billion, up 24.5%.

With 24,700 enterprises adding VND1,108.3 billion in capital, the total registered and additional capital attained VND1.930 trillion in eight months.

As many as 19,154 businesses re-operated, raising the total newly-registered and re-operated enterprises to 104,500 ones.

A total number of 822,400 jobs were created, in eight months, down 4.1%.

Agro-fishery-forestry export surges

Agro, fishery and forestry export turnover in the first eight months of this year rose 13.5% from the same period last year to US$23.66 billion.
Agricultural export value was estimated at US$12.6 billion, up 17.2% from the same period last year, while seafood exports fetched US$5.13 billion, up 18.1% and forestry products saw an increase of 9.6% to US$5.07 billion.
In the reviewed period, exports of fruits and vegetables earned US$2.32 billion, up 46.5% year on year.

Meanwhile, agro, fishery and forestry imports in the reviewed time amounted to US$19.17 billion, including US$2.69 billion in August.

source: news.chinhphu.vn

Economic indicators in first eight months remain positive

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