Vietnam’s economic situation in 5 beginning months of 2009

The economic situation in 5 months of 2009 was shown in following fields:

Agriculture, forestry and fishery

Agriculture

As of mid 5/2009, provinces in the South harvested 1,844.1 thousand ha winter-spring rice, equaling 100.7% of same period last year, with an estimated productivity of 6,200 kg/ha, rising by 30 kg/ha; a yield of 11.8 million tons, rising by 214.8 thousand tons. The Mekong River Delta almost finalized the harvest, with an estimated productivity of 6,360 kg/ha, dropped by 80 kg/ha against same crop last year, a yield of 9.9 million tons, approximate to 2008 crop.

The North’s winter-spring rice cultivated areas were 1147.9 thousand ha, rose by 1.6% against the 2008 crop.

To mid 5/2009, there were 1344.6 thousand ha of sumer-autumn rice cultivated, equaling 99.7% of same period last year; of which, The Mekong River Delta had 1191.7 thousand ha, eqauling 100.8%.

To 15/5/2009, the country cultivated 715,000 ha of maize, equaling100.7%; 250.9 thousand ha of cassava, equaling 98.5%; 99,400 ha of sweet potato, equaling 95.8%; 194,500 ha of peanut, equaling 102.5%; and 501,200 ha of vegetables, equaling101.1% of same period last year.

Animal husbandry in 5 months ran stably and tended to increase, especially the poultry. Ox heads estimated growing by 1-2%; heads of pig by 2-3%; and poultry by 7-8% against same period last year. 

Forestry: the concentrated forestation areas over the country in the 5 months were at an estimate of 45,800 ha, equaling100.4% of same period last year; There were 89.5 million dispersed plants, equaling 97.7%; Woodcut production was 920,000 m³, equaling 103.4%. Trong 5 tháng đầu năm 2009, There were 1,134.3 ha of forest damaged, of which, there were 523.4 ha of forest fire.

Fishery: The total estimated fishing production in 5 months was 1736.6 thousand tons, rising by 4.4% against same period last year; , of which, there were 1334.3 thousand tons of fish, up by 4%; 149,600 tons of shrimp, up by 3.8%. The estimated yield of aquaculture was 748,200 tons, down by 0.5% against same period in 2008. Catching production was 988,400 tons, up by 8.3% against same period last year, of which sea catching gained 911,700 tons, going up by 9%.

Industry

The production value at 1994 constant prices in  5 months  increased by 4% against same period last year, of which, the state sector dropped by 0.1% (industry under central management went up by 1.3%; under local management went down by 4.8%); the non-state sector rose by 7.3%; the FDI sector by 3.7% (oil & gas rose by 15.8%, others by 2.1%). The yield of key products maintained stable growth rates and showed a sign of recovery. The production value of large-scale production localities was still stable and maintained higher growth than the country’s general increased rate.

Investment

Realized investment capital from the state budget in 5 months was VND 37.4 trillions, equaling 33.2% of the yearly estimate. Of which, capital under central management was VND 11.4 trillions, equaling 32.3%, capital under local management was VND 26 trillions, equaling 33.6% of the yearly estimate.

The attracted FDI from 01/1 to 20/5/2009 was USD 6.7 billions, dropping by 76.3% against same period in 2008. Of which, the registered capital of 256 newly licensed projects was USD 2.7 billions (reducing by 89.2% in capital and by 60.5% in the number of licensed projects compared to same period last year); the additional registered capital of 40 times of projects licensed from previous years was USD 4 billions. The realized FDI in 5 months was at an estimate of USD 2.8 billions, down by 29.1% against same period in 2008.

ODA capital through signed agreements with donors in 5 months was USD1.5 billions, of which, loans were USD 1.4 billions, non-refundable aids: USD19.5 millions. Total amount of reimbursed ODA in 5 months was at an estimate of USD 720 millions, equaling 38% of the yearly plan. Of which, loans were USD 649 millions (USD 549 millions were preferable loans, USD 100 millions were commercial loans); non-refundable aids were USD 71 millions.

Trade & services

Total retailed sales of consumer goods and services

The total retailed sales of consumer goods and services in the five beginning months at current prices were at an estimate of VND 452.3 trillions, rose by 21% against same period in 2008. If the factor of price rising was ecluded, The total retailed sales of consumer goods and services  in 5 months rose by 8.4%. Of the total, the trade business gained VND 354.5 trillions, accounting for 78.4% of the total and rising by 21.9%; the hotel and restaurant: VND 51.6 trillions, accounting for 11.4% and rising by 19%; the service: VND 41.6 trillions, accounting for 9.2% and rising by 16.5%.

Consumer prices

CPI in 5/2009 grew by 0.44% compared to last month, of which the group of means of transport and postal services had a highhest rate of 1.8%. Other groups had light increased rates of below 1%: Housing and construction material: 0.97%; family equipment and appliances: 0.51%; drinks and cigarrettes: 0.31%; textile, hat, shoes and sandals: 0.26%; both medicament and catering service: 0.18% (food grains dropped by 0.37%; foodstuff rose by 0.36%); education: 0.04%; culture, sport and entertainment: 0.03%. CPI in 5/2009 rose by 5.58% against same period in 2008 and by 2.12% compared to 12/2008. Average CPI for 5 months of 2009 rose by 11.59% compared to five beginning months of 2008.

May’s gold prices rose by 0.61% compared to last month; by 13.04% against same period in 2008 and by 17.88% compared to 12/2008. Average gold price indexes for 5 months of 2009 rose by 7.12% against same period last year. May’ USD price index grew by 1.25% against last month, by11.46% against same period in 2008 and by 5.18% compared to 12/2008. Average USD price indexes for the five months rose by 10.22% against same period in 2008.

Exports-Imports

The export turnovers in 5 months of 2009 were at an estimate of USD 22.9 billions, dropping by 6.8% against same period in 2008. Of which, the domestic economic sector gained USD 12 billions, rising by12% (If the gold re-export factor was excluded, the figure dropped by12%); the FDI sector (including crude oil): USD10.9 billions, down by 21.4%. In 5-month period of 2009, agricultural products still had high rates in both exported volume and turnover.

The import turnovers in 5 months of 2009 were at an estimate of USD 24 billions, dropping by 37% against same period in 2008. Of which, the domestic economic sector gained USD 15.5 billions, down by 41.5%, the FDI sector: USD 8.5 billions, dropping by 26.9%. Generally for 5 months, the import turnovers of almost items reduced compared to same period last year.

The trade deficits in 5 months were USD 1.1 billions, equaling 4.9% of the export turnovers.

International visitors to Viet Nam

As estimated, international visitors to Viet Nam in five beginning months of 2009 were 1614.5 thousands, reduced by 18.8% against same period last year. Of which, visitors coming for tourist purposes were 986.4 thousands, fell by 22%; for business purposes: 285.4 thousands, down by 23.9%; for visiting relatives: 235.8 thousands, rose by 1.1%. Visitors coming by airway were 1345.8 thousands, down by 11%; by sea: 33.3 thousands, fell by 61.2%, by land: 235.4 thousands, down by 39.4%.

Transport

Passenger carriage in 5 months of 2009 was at an estimate of 799.6 millions, growing by 6.8% and by 34.4 billion passengers-kilometers, rising by 3.7% against same period last year. Of which, the transport under central management gained 12 million times of passengers, fell by 15.2% and 8.9 billion passengers-kilometers, down by 5.1%; the transport under local management: 787.6 million times of passengers, rising by 7.3% and 25.6 billion passengers-kilometers, up by 7.1%. In 5 months, the land transport gained 720.4 million passengers, growing by 7.4%, and 24.6 billion passengers-kilometers rising by 7.2% compared to same period last year. The river transport carried 67.9 million times of passengers, rose by 2.3% and 1.4 billion passengers-kilometers rising by 1.7%; The sea transport: 2.5 million times of passengers, rose by 3.2% and 159.5 millions passengers-kilometers going up by 5.2%. Only the rail and air transport reduced as compared to same period last year. The rail reduced by 3.3% in the volume carried and by 13.8% in the traffic volume carried; the air fell by 2.4% and 3.2% respectively.

The volume of cargos carried in 5 months was at an estimate of 260.6 million tons, fell by 1.5% and 69.7 billion tons-kilometers, rising by 1.7% compared to same period last year. Of which, the land transport gained 187.2 million tons, grew by 0.3% and 9.5 billion tons-kilometers, up by 1%. The river transport achieved 52.3 million tons, reduced by 2.3% and 8.4 billion tons-kilometers, down by 6.7%; The sea: 17.8 million tons, fell by 13.1% and 50.1 billion tons-kilometers, grew by 4,2%; The rail: 3.2 million tons, fell by 17% and 1.5 billion tons-kilometers, down by19.5%.

Communication

Newly developed telephone subscribers in 5 months of 2009 were 10.4 millions, growing by 30% compared to same period in 2008, of which, desk telephone subscribers were 1.6 millions, raising by 62,4%. To end of May 2009, the country had 91.8 million telephone subscribers (15.7 million desk-telephone subscribers), of which the Vietnamese Post and Telecommunication Corporation (VNPT) had 54.5 million subscribers. The number of broadband internet subscribers to end of May 2009 was 2.5 millions, of which the VNPT had 1.6 million subscribers. Internet users over the country were 22.4 millions. Total postal and communication service net incomes in 5 months of 2009 were VND 30.7 trillions, growing by 21.6% against same period last year, of which the VNPT gained VND 23 trillions, raising by 26.6%.

Government revenues and expenditures

As estimated, total Government revenues from beginning of the year to 15/5/2009 equaled to 31.8% of the yearly estimate, of which, domestic revenues accounted for 33.3%; revenues from crude oil equaled to 26%; revenues from import-export: 32.1%. Of the domestic revenues, revenues from the state-owned enterprises equaled to 39.1%; from FDI enterprises (excluding crude oil): 27.2%; from non-state industrial, commercial and service taxes: 32.2%; taxes imposed on high-income persons: 31.3%; petroleum fees: 47.5%; other fees: 25.9%.

Total Government expenditures from beginning of the year to 15/5/2009 equaled to 28.2% of the yearly estimate. Of which, spending for investment and development accounted for 29.5% (only spending for capital construction investment was 28.4%); for economic and social development, national defense and security: 32.1%; for paying debts and aids: 32.2%.

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