Vietnam’s economic situation in 7 months of 2009

Agriculture, forestry and fishery

Agriculture

As of mid 7/2009, the country had cultivated 1039.7 thousand ha of winter-rice, equaling 105.2% compared to same period last year; of which the North had 875,800 ha cultivated, equaling 104.7%; the South 163,900 ha cultivated, equaling 107.7%.

Summer-autumn rice cultivated areas over the country were 2,126,700 ha, equaling101.9% of same period last year. To 15/7/2009, provinces in the South had reaped 377,500 ha of early summer-autumn rice, equaled 78.4% of same period last year.

Also to mid July, the country had cultivated 794,600 ha of maize, equaling 93.6%; 117,200 ha of sweet potato, equaling 95.5%; 389,100 ha of cassava, equaling 97.7%; and 583,700 ha of vegetables, equaling 108.8% of same period last year.

Forestry

The concentrated forestation areas over the country in 7 months were at an estimate of 93,500 ha, equaling 105,8% of same period last year. There were 123.6 million dispersed plants, equaling 98.4%. Woodcut production was 1,967,600 m³, grew by 7.2%. In the 7-month period, there were 2,754.9 ha of forest damaged, of which, there were 1,501.2 ha of forest fire.

Fishery

The total estimated fishing production in 7 months was 2737,6 thousand tons, rising by 4.3% against same period last year, of which, there were 1401,9 thousand tons of farmed products, growing by 1.6%;1335.7 thousand tons of, caught products rose by 7.3%.

Industry

The production value at 1994 constant prices in  7 months  increased by  5.1% against same period last year, of which, the state sector rose by1.5% (industry under central management went up by 3%; under local management went down by 3.9%); the non-state sector rose by 7.4%; the FDI sector by 5.3% (oil & gas rose by 13.5%, others by 4.2%). The production of some key items in 7 months has high growth.

Investment

Realized investment capital from the state budget in 7 months was VND 70.9 trillion, equaling 49.3% of the yearly estimate. Of which, capital under central management was VND 26.3 trillion, equaling 46.5% , capital under local management was VND 44.6 trillion, equaling 51.1% of the yearly estimate.

The attracted FDI from 01/1 to 20/7/2009 has been USD 10.1 billion, showing a drop of 81.2% compared to same period in 2008. Of which, the registered capital of 385 newly licensed projects was USD 5.7 billion (reducing by 89% in capital and by 64,1% in the number of licensed projects compared to same period last year); the additional registered capital of 125 times of projects licensed from previous years was USD 4.7 billion. The realized FDI in 7 months was at an estimate of USD 4.7 billions, down by 22.5% against same period in 2008.

Government revenues and expenditures

As estimated, total Government revenues from beginning of the year to 15/7/2009 equaled to 50.9% of the yearly estimate, of which, domestic revenues accounted for 52.7%; revenues from crude oil equaled to 42.5%; revenues from import-export: 51.6%. Of the domestic revenues, revenues from the state-owned enterprises equaled to 60.9%; from FDI enterprises (excluding crude oil): 42.3%; from non-state industrial, commercial and service taxes:  50.9%; taxes imposed on high-income persons:  44.1%; petroleum fees:  83.2%; and other fees: 44.1%.

Total Government expenditures from beginning of the year to 15/7/2009 equaled to 49% of the yearly estimate, as estimated. Of which, spending for investment and development accounted for 50% (only spending for capital construction investment was 48.8%); for economic and social development, national defense and security:: 53.5%; for paying debts and aids: 52.4%.

Trade & services

Total retailed sales of consumer goods and services

The total retailed sales of consumer goods and services in 7 months at current prices were at an estimate of VND 643.6 trillion, rose by 18.3% against same period in 2008. If the factor of price rising was ecluded, the total retailed sales of consumer goods and services  in 7 months rose by 8.3%. Of the total, the trade business gained VND  504.1 trillion, accounting for  78.3% of the total and rising by 17.7%; the hotel and restaurant: VND 73.5 trillion, accounting for 11.4% and rising by 17.9%; the service: VND 59.5 trillion, accounting for 9.2% and rising by 24%; the tourist : VND 6.5 trillion, accounting for 1% and growing by 20.1%.

Exports-Imports

The export turnovers in 7 months of 2009 were at an estimate of USD  32.3 billion, dropping by  13.4% against same period in 2008. Of which, the domestic economic sector gained USD 16.4 billion, down by 4.7%; the FDI sector (including crude oil): USD 15.9 billion fell by 20.8%. Most of exported goods in 7 months of 2009 increased in the volume, but since the international market prices decreased, the export turover of many items rose slowly or even fell. Due to the effects from the world’s economic recession, the export turnover in 6 beginning months decreased much compared to same period last year. Of which, the exportation to Asia gained USD 12.1 billion, down by 21.2% (ASEAN : USD4.6 billion, down by 17.6%); America : USD 6 billion, down by 7.7%, mainly due to   the exportation to the US, which gained USD 5.1 billion, down by 5%; the Ocean : USD 1.3 billion, down by 40.2%. Only the exportation to Africa gained USD 820 million, going up by 49.3% against same period in 2008. This is the only market having the increased export turnover in 6 beginning months.

The import turnovers in 7 months of 2009 were at an estimate of USD 35.7 billion, fell by 32% against same period last year. Of which, the domestic economic sector gained USD 23 billion, down by 36.2%; the FDI sector: USD 12.7 billion, down by 22.9%. The import turnover of imported items from most of international markets decreased, of which the importation from Asia gained USD 23.9 billion, fell rapidly by 33.2% (ASEAN: USD 5.9 billion, down by 35.1%); Europe: USD 3.4 billion, down by 41.9%; America: USD 1.9 billion, down by 16.9%; the Ocean: USD 559 million, down by 50.1%; Africa: USD 183 million, down by 53.5%.

The trade deficits in 7 months were USD 3.4 billion, equaling 10.5% of the export turnover.

Consumer prices

CPI in 7/2009 grew by 0.52% compared to last month. CPI in 7/2009 grew by 3.31% against same period in 2008, by 3.22% against12/2008. Average CPI for 7 months of 2009 rose by 9.25% against same period last year.

July’ gold price fell by 0.43% compared to last month; rose by 10.33% against same period last year and by 23.91% against December 2008. USD price index grew by 0.85% against last month, by 5.59% against same period last year and by 6.22% against December 2008.

Transport

Passenger carriage in 7 months of 2009 was at an estimate of 1129,3 million visits, growing by 8.5% and 48.9 billion passengers-kilometers, up by 5.3% against same period last year. Of the total, the land took biggest proportion, achieving 1017,4 million times of passengers, rose by 8.8% and 35.1 billion passengers-kilometers, up by 8.3% against same period last year, which played a main part in the general growth; the rivers : 95.2 million times of passengers, rose by 5.5% and 1.9 billion passengers-kilometers, up by 4,4%; the sea : 3.5 million times of passengers, rose by 5.4% and 220.5 million passengers-kilometers, up by 13.1%. Only the rail reduced by 2.3% in the volume carried and by 9,5% in the volume traffic carried; the air grew by 0.5% in the volume carried but fell by 3% in the volume traffic carried.

The volume of cargos carried in 7 months was at an estimate of 367.8 million tons, growing by 2.3% and 107.6 billion tons-kilometers, up by 7.6% against same period last year. Of which, the domestic transport gained 353.6 million tons, rising by 4.2% and 40.2 billion tons-kilometers, up by 4.7%. The land gained 265 million tons, going up by 4.7% and 13.4 billion tons-kilometers, up by 4.7%; the river : 71.6 million tons, fell by 1.2% and 11.4 billion tons-kilometers, up by 1.2%; the sea : 26.5 million tons, fell by 9.8% and 80.4 billion tons-kilometers, up by 9.7%; the rail : 4.6 million tons, down by 11.2% and 2.2 billion tons-kilometers, down by 15.2%.

Communication

To end of 7/2009 the number of telephone subscribers over the country was at an estimate of 106,2 million, rose by 63.9% against same period last year (the VNPT only gained 64,9 million subscribers), of which 16.2 million were desk telephone subscribers, rose by 26.3% and 90 million mobile phone subscribers, up by 73.2%.

The number of broadband internet subscribers to end of 7/2009 was 2.6 million, of which the VNPT had 1.7 million subscribers. To end of July, internet users over the country were 22.6 million. Total postal and communication service net incomes in 7 months of 2009 were VND 44.6 trillion, growing by 22.2% against same period last year, of which the VNPT gained VND 33.5 trillion, up by 27.2%.

International visitors to Viet Nam

As estimated, international visitors to Viet Nam in 7 months of 2009 were 2171.6 thousand, fell by 18.7% against same period last year. Of which, visitors coming for tourist purposes were 1285.6 thousand, down by 21.4%; for business purposes: 401.2 thousand, down by 22.3%; for visiting relatives: 340.7 thousand, up by 0.6%. Visitors coming by airway were 1773.9 thousand, down by 12.7%; by sea: 47.3 thousand, down by 57%, by land: 350.4 thousand, down by 33.9%.

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