Vietnam’s economic situation in 8 months of 2009

Agriculture, forestry and fishery

Agriculture

As of 15/8/2009, the country has cultivated 1,464.3 thousand ha of winter-rice, equaling100.4 percentage of same period last year. Together with this, the country has harvested 1,223.8 thousand ha of summer-autumn rice, equaling100.4 percentage of same period last year.

Also to mid August, the country has cultivated 831,900 ha of maize, equaling 96.5% of same period in 2008; 117,300 ha of sweet potato, equaling 90.5%; 411,900 ha of cassava, equaling 94.6% and 614,400 ha of beans and vegetables, equaling 99.8%.

Forestry

The concentrated forestation areas over the country in 8 months were at an estimate of 142,000 ha, equaling 105.5 percentage of same period last year. There were 137 million dispersed plants, equaling 99%; Woodcut production was 2352 thousand m³, equaling107percentage. In the eight-month period, there were 2826 ha of forest damaged, of which, there were 1512.2 ha of forest fire.

Fishery

The total estimated fishing production in 8 months was  3200.6 thousand tons, rising by 4.1% against same period last year, of which, there were 1690.6 thousand tons of farmed products, growing by 1.6%; 1510 thousand tons of caught products rose by 7% (sea caught : 1387.5 thousand tons, rising by 7.4%).

Industry

Generally, the production value in eight months of 2009 rose by 5.6% against same period in 2008, of which, the state sector rose by1.9% (industry under central management went up by 3.4%, under local management went down by 3.5%); the non-state sector rose by 7.9%; the FDI sector by 6% (oil & gas rose by 12.8%, others by 5.1%). The 8-month production of several centrally managed provinces/cities continued maintains higher growths than the country’s general growth rate.

Investment

Realized investment capital from the state budget in 8 months was VND 82.9 trillion, equaling 57.5% of the yearly estimate. Of which, capital under central management was VND 35.3 trillion, equaling 62.3%; capital under local management was VND 47.5 trillion, equaling 54.4% of the yearly estimate.

The attracted FDI from 01/1 to 20/8/2009 has been USD 10.4 billion, showing a drop of 81.6% compared to same period in 2008.  bao gồm: Of which, the registered capital of 504 newly licensed projects was USD 5.6 billion (reduced by 89.2% in capital and 60% in the number of licensed projects compared to same period last year); the additional registered capital of 149 times of projects licensed from previous years was USD 4.8 billion. The realized FDI in 8 months was at an estimate of USD 6.5 billion, fell by 8.5% against same period in 2008.

Government revenues and expenditures

As estimated, total Government revenues from beginning of the year to 15/8/2009 equaled to 60.8% of the yearly estimate, of which, domestic revenues accounted for 62.6%; revenues from crude oil equaled to 52.1%; revenues from import-export: 62%. Of the domestic revenues, revenues from the state-owned enterprises equaled to 71.6%; from FDI enterprises (excluding crude oil): 50.4%; from non-state industrial, commercial and service taxes: 58.1%; taxes imposed on high-income persons: 52.1%; petroleum fees:  101.3%; and other fees: 54.8%.

Total Government expenditures from beginning of the year to 15/8/2009 equaled to 57.9% of the yearly estimate, as estimated. Of which, spending for investment and development accounted for 58.9%; for economic and social development, national defense and security: 59.5%; for paying debts and aids:  61.8%.

Trade & services

Total retailed sales of consumer goods and services

The total retailed sales of consumer goods and services in 8 months at current prices were at an estimate of VND 742.7 trillion, rose by 18.4% against same period last year. If the factor of price rising was excluded, the total retailed sales of consumer goods and services in 8 months rose by 9.3%. Considering the business sector, the trade gained VND 581.7 trillion, accounting for 78.3%of the total and growing by18.7%; the hotel and restaurant: VND 84.2 trillion, accounting for11.3% rising by 16%; the service: VND 69.4 trillion, accounting for 9.4% and increasing by 19%; the tourist : VND 7.3 trillion, accounting for 1% and going up by 16.6%.

Exports-Imports

The export turnovers in 8 months of 2009 were at an estimate of USD 37,3 billion, showing a drop of 14.2% against same period in 2008. Of which, the domestic economic sector gained USD 18.7 billion, fell by 5.9%; the FDI sector: USD18.6 billion, going down by 21.1%. Turnovers of almost of main exported items in 8 months of this year reduced as compared to same period last year.

The import turnovers in 8 months of 2009 were at an estimate of USD 42,4 billion, down by 28.2% against same period in 2008. Of which, the domestic economic sector gained USD 27.2 billion, fell by 32.1%; the FDI sector: USD 15.2 billion fell by 19.8%.

The trade deficits in 8 months were USD 5.1 billion, equaling 13.7percent of the export turnover.

Consumer prices

CPI in 8/2009 was relatively stable in spite of domestic petroleum price raising.  CPI in 8/2009 grew by 0.24% compared to last month, of which the group of means of transport and postal services had highest raising rate of1.31%. Other groups had either a slight raising of below 1% or decrease: Housing and construction material rose by 0.93%; textile, hats, footgear rose by 0.52%; family equipment and appliances rose by 0.3%; health, medicines rose by 0.16%; education rose by 0.15%; culture, sports, entertainment rose by 0.12%; drinks and tobacco went up by 0.11%; restaurant & catering service reduced by 0.08%( food decreased by 0.42%, foodstuff by 0.09%). August’s CPI grew by 1.97% against same period in 2008 and by 3.47% against 12/2008. Average CPI for 8 months of 2009 rose by 8.31% against same period last year.

August’s gold prices rose by 1.75% against previous month, by15.68% against same period last year and by 26.08% against December 2008. USD price index grew by 0.13% against previous month, by 8.95% against same period last year and by 6.36% against December 2008.

Transport

Passenger carriage in 8 months of 2009 was at an estimate of 1295.3 million participations, growing by 7.9% and 56.7 billion passengers-kilometers, up by 4.5% against same period last year. Of which, domestic passenger carriage took a main part with 292.8 million participations, rising by 8% and 50.3 billion passengers-kilometers, up by 6.1%.

The volume of cargos carried in 8 months was at an estimate of 422.3 million tons, rose by 3.1% and 125.7 billion tons-kilometers, up by 8.4% against same period last year.

Communication

There were 32.4 million new telephone subscribers in 8 months of 2009, rose by 118.4% against same period in 2008, of which 3.1 million were desk telephone subscribers, rose by 91.1% and 29.3 million mobile phone subscribers, up by 121,7%. To end of 8/2009 the number of telephone subscribers over the country was at an estimate of 113.7 million, growing by 70.5% against same period last year, including 17.2 million desk telephone subscribers, up by 31.7% and 96.5 million mobile phone subscribers, up by 80%.

The number of broadband internet subscribers to end of 8/2009 was 2.7 million, rose by 47% against same period last year. Total postal and communication service net incomes in 8 months of 2009 were VND 53.8 trillion, growing by 25.8% against same period last year.

International visitors to Viet Nam

As estimated, international visitors to Viet Nam in 8 months of 2009 were 2479.9 thousand, reduced by 17.7% against same period last year. Of which, visitors coming for tourist purposes were 1460.7, down by 20.7%; for business purposes: 464.6 thousand, down by 20.7%; for visiting relatives: 387.1 thousand rose by 1.2%. Visitors coming by airway were 2031.8 thousand, reduced by 11.7%; by land: 395.8 thousand, down by 33.9%; by sea: 52.3 thousand, down by 54.9%.

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