Vietnam’s economic situation in 9 months of 2009

Gross Domestic Products

The first quarter’s GDP was 3.1% against same period in 2008, the lowest growth quarter in recent years, but in second quarter GDP growed by 4.5% and in third quarter by 5.8%. Generally in 9 months, GDP increased by 4.6% against same period in 2008, of which  the agriculture, forestry and fishing rose by 1.6%; the industry and construction by 4.5% (industry by 3,3% and construction with high increase of 9.7%); the service by 5.9%.

Agriculture, forestry and fishery

The production value of this sector at 1994 constant prices in 6 months of 2009 estimated rising by 2.6% against same period last year, of which, agriculture grew by 2.3%; forestry by 2.8% and fishery by 3.3%.

Agriculture

To mid September 2009, the whole country had 1704.2 thousand ha of winter rice cultivated, growing by 2.6% against same period last year and 1.8 million ha summer-autumn rice harvested, accounting for 76% of cultivated area. The yield of summer-autumn rice was at an estimate of 11.3 million tons, decreasing by 116.3 thousand tons against last year’s crop due to decrease in cultivated area and productivity, of which the cultivated area was at an estimate of 2360.4 thousand ha, falling down by 8,300 ha; the productivity was 4,780 Kg per ha, down by 30 Kg per ha.

Winter rice cultivated area was at an estimate of 2008.2 thousand ha, reducing by 10.2 thousand ha against same crop last year as a part of the area was changed to cultivation of summer rice; the yield was 9.1 million tons, rising by 62,600 tons. As estimated, the year’s rice cultivated area was 7429.4 thousand ha, growing by 29,200 ha against 2008; the productivity was 5,260 Kg per ha, rose by 30 Kg/ha and the yield was 39 million tons, rising by 316,000 tons.

Buffalo heads were maintained stably; ox heads estimated increasing by 2-3% against 2008; pig heads by 3-4%; poultry heads by 8-9%; animal raising products grew by 7-8%.

Forestry

The concentrated forestation area over the country in 9 months was at an estimate of 158,000 ha, growing by 4.5% against same period last year; replantation area was 742,000 ha, rising by 1.6%; Woodcut production was 2581 thousand m³, rising by6%. In the nine-month period, there were 3100 ha of forest damaged, rose by 28.2% against same period last year, of which there were 1590 ha of forest fire and 1510 ha of chopped-down forest.

Fishery

The total estimated fishing production in 9 months was  3623.3 thousand tons, rising by 4.1% against same period last year, of which, there were 2755.3 thousand tons of fish, rose by 3.7%; 380,400 tons of shrimp, rose by 3.6%.

Farmed production in 9 months was at an estimate of 1945.6 thousand tons, rose by 1.8% against same period in 2008, caught products: 1677.7 thousand tons, grew by 6.8% against same period last year- the highest growth in past 8 years.

Industry

The production value in 9/2009 at constant prices of 1994 estimated rising by 13.8% against same period last year, and generally in 9 months grew by 6.5% against same period last year. Mining production in 9 months estimated rising by 9.8%; manufacturing by 6.1%; electricity, gas and water by 10.2%.

Investment

Total realised investment capital in 9 months was at an estimate of VND 483.2 trillion, rose by 14.4% again same period in 2008. Of which, capital from the state sector was VND 174.2 trillion, accounting for 36% and rising by 45.5%; from non-state sector: VND 189.8 trillion, accounting for 39.3% and rising by 12.6%; FDI: VND 119.2 trillion, accounting for 24.7% and decreasing by 11.2%.

Of the state sector’s capital, Realized investment capital from the state budget in 9 months was VND 96.5 trillion, equaling 67% of the yearly estimate, capital under central management: VND 41 trillion, equaling 72.4% and capital under local management: 55.5 trillion, equaling 63.5% of the yearly estmate.

The attracted FDI from 01/1 to 19/9/2009 has been USD 12.6 billion, showing a drop of 78.6% compared to same period in 2008. Of which, the registered capital of 583 newly licensed projects was USD 7.7 billion (reduced by 85.7% in capital and 57.3% in the number of licensed projects compared to same period last year); the additional registered capital of 168 times of projects licensed from previous years was USD 4.9 billion. The realized FDI in 9 months was at an estimate of USD 7.2 billion, fell by 11.2% against same period in 2008.

Government revenues and expenditures

As estimated, total Government revenues from beginning of the year to 15/9/2009 was equal 70.4% of the yearly estimate, of which domestic revenues accounted for 72.1%; revenues from crude oil was equal 61.5%; revenues from import-export: 71.6%.

Total Government expenditures from beginning of the year to 15/9/2009 estimated equaling 67.2% of the yearly estimate. Of which, spending for investment and development accounted for 67.2% (only spending for capital construction was equal 66%); for economic and social development, national defense and security: 69.6%; for paying debts and aids:  70.7%.

Trade & services

Total retailed sales of consumer goods and services

The total retailed sales of consumer goods and services in 9 months at current prices were at an estimate of VND 845.4 trillion, rose by 18.6% against same period last year. If the factor of price rising was excluded, the total retailed sales of consumer goods and services in 9 months rose by 10.2%. Of the total, the trade business gained VND 662.5 trillion, rising by 19% against same period in 2008; the hotel & restaurant : VND 95.9 trillion, rising by 16.3%; the service : VND 78.8 trillion, growing by 19.1% and the tourist: VND 8.2 trillion, growing by16.6%.

Exports-Imports

The export turnovers in 9 months of 2009 were at an estimate of USD 41.7 billion, showing a drop of 14.3% against same period in 2008. Of which, the domestic economic sector gained USD 20.3 billion, fell by 8.3%; the FDI sector (excluding crude oil) : USD 16.7 billion, fell by 6.3%. The volume of many exported items increases however, decreased prices resulted in decrease in the turnovers.

The import turnovers in 9 months of 2009 were at an estimate of USD 48.3 billion, down by 25.2% against same period in 2008. Of which, the domestic economic sector gained USD 31 billion, fell by 28,4%; the FDI sector: USD 17.3 billion, fell by 18.9%.

The trade deficits in 9 months were at an estimate of USD 6.5 billion, equaling 15. 7percent of the export turnover  and 41.2% of the trade deficits only against same period last year.

Consumer price indexes

CPI in 9/2009 rose by 0.62% compared to last month, of which commodity and service groups having higher CIP than the general were: education with highest rate of 4.33%; then means of transport: 2.37%; housing and construction material by 0.87%; drinks and tobacco by 0.75%; textile, hats, footgear by 0.67%. Other groups having lower growth include: family appliances by 0.37%; culture, sport, entertainment by 0.25%; medicines, health by  0.19%; catering service by 0.05%.

CPI in 9/2009 grew by 4.11% against 12/2008 and by 2.42% against same period last year. Average CPI for 9 months of 2009 rose by 7.64% against that in same priod in 2008.

Transport

Passenger carriage in 9 months of 2009 was at an estimate of 1465.4 million participations, and 64.1 billion passengers-kilometers, growing by 8.5% by passengers and by 4.9% by passengers-kilometers against same period last year. The volume of cargos carried in 9 months was at an estimate of 473.9 million tons and 137.5 billion tons-kilometers, going up by 3.2% by tons and by 8.7% by tons-kilometers compared to same period in 2008.

ommunication

There were 32.3 million new telephone subscribers in 9 months of 2009, rose by 74.1% against same period in 2008, of which 3.5 million were desk telephone subscribers, rising by 81.7% and 28.8 million mobile phone subscribers, up by 73.3%. To end of 9/2009 the number of telephone subscribers over the country was at an estimate of 113.6 million, growing by 61.4% against same period last year, including 17.6 million desk telephone subscribers, up by 31.6% and 96 million mobile phone subscribers, up by 68.4%.

The number of broadband internet subscribers to end of 9/2009 was  at an estimate of 2.7 million, rose by 46.2% against same period last year. Total postal and communication service net incomes in 9 months of 2009 were VND 60.5 trillion, rising by 24.2% against same period last year.

International visitors to Viet Nam

As estimated, international visitors to Viet Nam in 9 months of 2009 were 2773.9 thousand, reduced by 16% against same period last year. Of which, visitors coming for tourist purposes were 1662.7 thousand, down by 19.2%; for business purposes: 523,600, fell by 20.4%; for visiting relatives: 439.1 thousand rose by 6.1%

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