Vietnam Jan-Sep basic macro-economy indices

TuoiTreNews briefs some basic macro-economy indices of Vietnam in the first three quarters of this year, with data from the General Statistics Office.
The country’s consumer price index (CPI) in the past nine months grew by 18.16 percent over the same period last year.

In September CPI rose by 0.82 percent against August and 22.42 percent over the same period of 2010, with nine out of 11 commodity groups recording increases ranging from 0.28 to 8.62 percent.

Vietnam’s gross domestic product (GDP) at the end of the third quarter was estimated at 1,710 trillion dong (US$ 83.4 billion), up by 5.76 percent year on year.

The highest growth was seen in the industry and construction sector, which posted a rise of 6.62 percent over the same period last year, followed by the services and agro-forestry-fishery sectors, with 6.24 percent and 2.39 percent, respectively.

In the year to September, Vietnam’s trade deficit fell to $6.9 billion, or 9.8 percent of Jan-Sep exports, down by 20.46 percent year on year.
Exports enjoyed a year-on-year increase of 35.4 percent to $70 billion, and imports by 26.9 percent to $76.9 billion.

Though rising by 12 percent year on year, Vietnam’s foreign direct investment in the first three quarters was only $9.9 billion, far from its full-year target of $20 billion.

New projects accounted for $8.23 billion, down 31 percent, while investors added $1.66 billion to existing projects.
FDI disbursement in the year to date was $8.2 billion, up 2 percent, and the country’s full-year target of $11.5 billion was achievable.

Total retail sales of consumer goods and services in the first nine months rose by 22.8 percent year on year to an estimate of 1,393 trillion dong.
Of these, the trade sector earned 1,101 trillion dong, up by 23.1 percent compared with the same period last year.

Hotel and restaurant revenues rose 21.9 percent to 152 trillion dong, while service and tourism earned 124.4 trillion dong and 13.7 trillion dong, up by 22.2 percent and 16.6 percent respectively.

Vietnam’s industrial production index (IPI) in the year to September grew 7.8 percent from the same period last year.

The mining sector posted a growth rate of 8.3 percent, while growth in the processing and manufacturing sector stood at 10.7 percent.

The unsold inventory index (UII) of the processing and manufacturing sector as of September 1 declined by 5.5 percent compared with the same period last year.

Cigarette, dairy products, and paper topped the list of sectors with sharpest UII declines while cement, car and motorbike, and beer were the leading sectors with highest increases.
Tuoi Tre

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2011