Vietnam’s 2009 economic statistical data

he General Statistics Office (GSO) provides general data showing the implementation of the country’s 2009 social-economic development plan in three aspects: (1) preventing economic decline, maintaining a sensible and sustainable economic growth; (2) stabilizing the macro-economy, proactively preventing a return of high inflation; (3) ensuring social security, developing culture, education and health care and other social fields.

ACHIEVEMENTS

Preventing economic decline, maintaining a sensible and sustainable economic growth

GDP Growth

Following the impetus of economic recession in months of 2008 year-end, GDP growth gained only 3.14% in the first quarter of 2009-the quarter of lowest growth rate in recent year; however, it gradually increased to 4.46%, 6.04% and 6.9% in the second, third and fourth quarters respectively. Generally for the whole year of 2009, GDP increased by 5.32%, of which the agriculture, forestry and fishery sector rose by 1.83%; the industry and construction by 5.52%; and the services by 6.63%.

Agriculture, forestry and fishery

The production value of this sector at 1994 constant prices in the first six months of 2009 was estimated at VND 97.1 trillion, increasing by 2.76% as against same period last year, but it was VND122.8 trillion in the second half of 2009, rising by 3.16% as against same period in 2008. The production value of this sector at 1994 constant prices in 2009 was estimated increasing by 3% as against 2008, of which, agriculture grew by 2.2%, forestry by 3.8% and fishery by 5.4%.

The yield of grains food in 2009 was estimated at 43.3 million tons, growing by 24.4 thousand tons as compared to 2008, of which rice yield was 38.9 million tons, increasing by 165,700 tons; maize: 4.4 million tons, reduced by 141.3 thousand tons.

The cultivated area for tea in 2009 was 128,100 ha, growing 2,600 ha; coffee: 537,000 ha, growing 6,100 ha; rubber: 674,200 ha, going up by 42,800 ha; pepper: 50,500 ha, up by 600 ha as against last year. The yield of several perennial plants was increasing well, of which the tea-bud yield was estimated at 798,800 tons, increasing by 7% as against 2008 (the area of which tea-bud was cut rose by 2.7%; productivity rose by 4.2%); rubber: 723,700 tons, up by 9.7% (the area of which rubber plant gave latex rose by 5.6%; productivity rose 3.8%); pepper: 105,600 tons, up by 7.2% (the area that gave products rose by 4.5%; productivity rose 2.6%).

Animal husbandry, particularly the concentrated and large-scale breeding continued developing. According to the farming survey at 01/7/2009, the number of farms rose by 18.5% as against same period last year.

According to the animal husbandry survey at 01/10/2009, the country had 27,627.7 thousand pigs, growing by 3.5%; 280.2 million heads of poultry, growing by 12.8%; 2,886.6 thousand buffalos, decreased by 0.4%; 6,103.3 thousand oxen, reduced by 3.7%. The decrease was mainly in draught animals (draught buffalos reduced by 4.7% and draught oxen by 15.6%). However, the animal husbandry production in 2009 was still good, of which, the live-weight buffalo meat for slaughter was estimated at 75,000 tons, rose by 4.8%; beef: 257,800 tons, up by 13.7%; pork: 2,931.4 thousand tons, up by 4.5%; poultry meat: 502,800 tons, up by 12.2%; and 5,952.1 million poultry eggs, going up by 9% as against same period in 2008.

The concentrated forestation area over the country in 2009 was at an estimate of 212,000 ha, growing by 5.9%; replantation area was 1,032,000 ha, rising by 5.2%; there were 180.4 million dispersed plants, reduced by 1.8%; forest area under care was 486,000 ha, rose by 4.3%. Woodcut production was 3,766,700 m³, increasing by 5.7% as against same period last year.

Total forest damaged area in 2009 was 3,221 ha, decreased by 18.8% as against 2008, of which there were 1,658 ha of forest fire, fell by 1.2% and 1,563 ha of chopped-down forest, reduced by 30.3%.

The total estimated fishing production in 2009 was 4,847,600 tons, rising by 5.3% as against same period last year, of which, there were 3,654,100 tons of fish, rose by 5.3%; 537,700 tons of shrimp, rose by 7.2%.

Farmed production in 2009 was at an estimate of 2,569,900 tons, rose by 4.2% as against last year. Generally, the number of cages for aquaculture in 2009 was 98,400, grew by 12,600 cages (14.7%) as against 2008.

The fish caught production in 2009 was estimated at 2,277,700 tons, grew by 6.6% as against last year (the highest rate since 8 last years), of which sea caught production gained 2,086,700 tons, increasing by7.2%.

Industry

Generally for the whole year of 2009, the industrial production value was estimated at VND 696.6 trillion, grew by 7.6% as against 2008, of which, the state sector rose by 3.7%; the non-state sector by 9.9%; the FDI sector by 8.1% (petroleum and gas by 9.2%, others by 8%).

Services

Total retailed sales of consumer goods and services

The total retailed sales of consumer goods and services in 2009 at current prices were at an estimate of VND 1,197.5 trillion, rose by 18.6%; If the factor of price rising was excluded, the increase was 11% as against 2008.

Of the total increased rate, the individual sector rose by 20.3%; the private sector by 22.9%; the state sector by 1.4%; the FDI sector by 9.5% and the collective sector by 18.8%. If it was considered by business, the trade rose by 18.6%; the hotel and restaurant by 18.4%; the service by 20.3 and the tourist by 1.9%.

Transport

Passenger carriage in 2009 was at an estimate of increasing by 8.2% by the number of carried passengers and 6.2% by the number of passengers-kilometers as against 2008, of which the land transport rose by 8.6% and 9.3%; the river by 4.5% and 4.6%; the rail decreased by 2.6% and 7.9%; the aviation rose by 4.2% and decreased by 1.6% respectively.

The volume of cargos carried in 2009 was at an estimate of growing 4.1% by the number of carried cargos and 8.6% by the number of tons-kilometers as against last year, of which: the transport within the country rose by 5.6% and 5.3%; the transport without the country reduced by 2.5% and rose by 9.6% respectively. The land transport in 2009 was estimated increasing 5.2% by tons and by 8.2% by tons-kilometers compared to same period in 2008; the river by 2.3% and 2%; the sea reduced by 1% and rose by 10%; the rail decreased by 4.9% and 8.8% respectively.

Communication

There were estimated 41,7 million new telephone subscribers in 2009, rose by 40.8% as against 2008, of which 4 million were desk telephone subscribers, rising by 43.1% and 37.7 million mobile phone subscribers, up by 40.5%. To end of 12/2009, the number of telephone subscribers over the country was at an estimate of 123 million, growing by 51.3% as against same period last year, including 18.1 million desk telephone subscribers, up by 28.4% and 104.9 million mobile phone subscribers, up by 56.1%.

The number of broadband internet subscribers to end of 12/2009 was at an estimate of 3 million, rose by 45.5% as against same period in 2008. The number of internet users to end of 2009 was estimated at 22.9 million, increasing by 10.3% as against same period last year. Total postal and communication service net incomes in 2009 were at an estimate of VND 94.9 trillion, rising by 39.7% as against 2008.

Stabilizing the macro-economy

Investment and development

Total realised investment capital in 2009 at current prices was estimated increasing by 15.3% as against 2008 and equal 42.8% of GDP, of which the state sector rose by 40.5%; the non-state sector by 13.9%; the FDI sector decreased by 5.8%. Of the capital investment from the state sector, the funding from the state budget took 21.8% of the country’s total investment, equaling 106.8% of the yearly estimate.

Government revenues and expenditures

As estimated, total Government revenues from beginning of the year to 15/12/2009 was approximate to the yearly estimate, of which domestic revenues accounted for 102.5%; revenues from crude oil was equal 86.7%; revenues from import-export: 101.6%. Of the domestic revenues, receiving from the state-owned enterprises equaled 106.2%; from FDI enterprises (excluding crude oil): 88.8%; from non-state industrial, commercial and service taxes: 95.6%; taxes imposed on high-income persons: 87%; petroleum fees: 157.5%; and other fees: 90.8%.

As estimated, total Government expenditures from beginning of the year to 15/12/2009 was equal 96.2% of the yearly estimate. Of which, spending for investment and development accounted for 95.2% (only spending for capital construction was 93.4%); for economic and social development, national defense and security: 99.6%; for paying debts and aids: 102.7%. The Government overspending in 2009 was 7% of GDP.

Exports-Imports

Exports

The export turnovers in 2009 were at an estimate of USD 56.6 billion, showing a drop of 9.7% as against 2008.

Imports

The import turnovers in 2009 were at an estimate of USD 68.8 billion, down by 14.7% as against 2008. Of which, the domestic economic sector gained USD 43.9 billion, fell by 16.8%; the FDI sector: USD 24.9 billion fell by 10.8%.

Although the decreased rate of the import turnovers was higher than that of the export turnovers, the trade deficits in 2009 was still at an estimate of USD 12.2 billion, reduced by 32.1% as against 2008 and equal 21.6% of 2009’s total export turnovers.

Consumer Price Index (CPI)

The 2009’s average CPI increased by 6.88% as against 2008- the lowest rate since last six years (CPI average growth was 7.71% in 2004, 8.29% in 2005, 7.48% in 2006, 8.3% in 2007 and 22.97% in 2008).

Tags: Vietnam economic 2009, Vietnam economic statistics, Vietnam's economy situation