Vietnam’s economic statistical data in 7 months of 2008

Agriculture, forestry and fishery

Agriculture

As of 15/7/2008, the country had 988.4 thousand hectares of winter-rice cultivated, equaling 85.9% of same period last year. To 15/7/2008, provinces in the South harvested 481.6 thousand ha of summer-autumn paddy, equaling 388.4% over same periods last year. The country had 849.3 thousand ha of maize under cultivation, equaling 102.9%; 122.7 thousand ha of sweet potato, equaling 93.2%; 398.2 thousand ha of cassava, equaling 109.2%; 140.5 thousand ha of soy- bean; 218.7 thousand ha of peanut, equaling 103.1%; new plantation of 67.8 thousand ha of sugarcane, equaling 89.8%; 536.7 thousand ha of vegetables of different kinds, equaling 98.3% over same period last year.

Forestry

Generally for 7 months, the area of concentrated forestation was estimated at 117.9 thousand ha, rising by 0.5% over same period last year; the exploited wood production was 1684.4 thousand m³ rose by 1.1%; 125.6 million scattered plants, decreased by 0.3%. In the whole country, there were 2237.4 ha of forest destroyed, of which the burnt areas were 951ha.

Fishery

In 7 beginning months of 2008, the production gained 2551.5 thousand tons, rising by 11.4% against same period last year (1986.4 thousand tons of fish, grew by 14.1%; 231.6 thousand tons of  shrimp, grew by 1.5%), of which farmed production were 1296 thousand tons, rising by 25%; catching: 1255.5 thousand tons, growing by 0.1%.

Industrial output

Industrial output value at 1994 constant prices in 7 months was estimated at VND 382.3 thousand billion, growing by 16.4% over same period last year, of which state owned sector gained VND 86.8 trillion, growing by 6.7% (central management rose by 9.4%; local management fell by 1.3%), non-state sector gained VND 136.9 trillion, growing by 22.2%; FDI sector: VND 158.7 trillion, rose by 17.3% (oil and gas decreased by 7%, other items rose by 19.9%).

Investment

Capital investments under the state budget in seven beginning months of 2008 were estimated at VND 47.7 trillion, equaling 48.6% of the whole year estimate. Of which, central investment was VND 14.3 trillion, equaling 43.2%; local investments achieved VND 33.4 trillion, equaling 51.3%.

There was a continuos increase in foreign direct investment. In July 2008 167 FDI projects were granted licenses with total registered capital USD 13.5 billion, bringing total number of new licensed of projects from begining of the year to 22/7/2008 to 654 with total registered capital USD 44.5 billion. As compared with same period last year the number of projects decreased by 23.2% but total registered capital grew by 446.4%. If USD 788.6 million of additional fund for 188 times of licensed projects in period years were taken into account, total FDI capital from 1/1/2008 to 22/7/2008 was USD 45.3 billion, rose by 373.5% over same period last year. Total realized FDI capital in seven months was estimated at USD 6 billion, rose by 42.9 over same period last year.

Total signed ODA capital as end of 20/7/2008 was USD 1.389 billion, of which loan capital was USD 1.277 billion; non-refunding aid capital: USD 112 million. The reimbursements of ODA in seven months (including signed capital before 2008) were USD 1.205 billion, equaling 63% of the yearly estimate, of which loan capital was USD 1.063 billion, non-refunding aid capital was USD 142 million.

Trade and services

Total retail sales of goods and services

Total retail sales of goods and services at current prices in 7 months of 2008 were estimated at VND 527.5 trillion, increasing by 29.8% over same period last year, of which the trade took highest proportion of 82.4%, gaining VND 434.8 trillion and rose by 30.2%; hotel and restaurant: VND 59.5 trillion, rose by 24.9%; services: VND 26 trillion, rose by 30%; tourist: VND 7.2 trillion, rose by 47.6%.

Consumer prices

CPI in July rose by 1.13% against last month (excluding the impact of petroleum prices rise in 21/7/2008). This is the month of lowest price increase rate in 7 months. CPI in July 2008 rose by 27.04% over same period last year and by 19.78% over December 2007. Average CPI in 7 months of 2008 rose by 21.28% over same period in 2007.

Gold price in July 2008 rose by 3.2% over June 2008, by 19.99% over December 2007 and by 46.38% over same period last year. USD price in July 2008 rose by 1.83% over last month, by 6.94% over December 2007 and by 6.58% against July 2007.

Exports – imports

Total export values in 7 months of 2008 were estimated at USD 36.88 billion , rising by 37.7% against same period last year, of which domestic sector gained USD 16.47 billion, rising by 40.1%; FDI sector (excluding crude oil): USD 13.6 billion, increasing by 28.9%. Eight items having export values more than USD 1 billion were crude oil, textiles, footgear, fishery, rice, wood products, electronics, computer and coffee.

Commodity imports in 7 months were estimated at USD 51.89 billion, increasing by 56.8% against last year’s same period, of which the domestic sector gained USD 35.47 billion, rising by 70.4%; the FDI sector:  USD 16.42 billion rose by 40.5%.

Trade deficits in 7 months were estimated at USD 15.01 billion, rising by 137.7% against July 2007 and equaling 40.7% of export turnovers.

Transport

As estimated, passengers carried in 7 months of 2008 were 1076.3 million and 49 billion passengers-kilometers, increasing by 11.8% in passengers and 9.4% in passengers-kilometers against same period last year. Of transport branches, land transport had highest growth rate with   970.7 million passengers and 35.8 billion passengers-kilometers carried, rising 12.7% in passengers and 11.6% in passengers-kilometers; Air rose by 10% and 6.4%; Sea by 5.6% and 6.9%; river by 4% and 5% respectively. Only rail transport fell by 2.5% in passengers and 4.3% in passengers-kilometers.

Volume of cargos carried in 7 months was estimated at 297.8 million tons and 98.6 billion tons-kilometers, increasing by 10.1% in tons and 38.7% in tons-kilometers against same period last year. Of which, seaway with highest growth rate rose by 25% in tons and 45% in tons-kilometers; land by 10.1% and 19.9%; river way by 4.3% and 5.6%; rail way by 2.2% and 14% and airway by 18% and 26% respectively.

Tourism

International arrivals to Vietnam in 7 months of 2008 were estimated at 2.6 million, increasing by 6.6% against same period last year. Of which, passengers visiting for tourist purpose took biggest part with over 1.6 million, rose by 3.1%; arrivals for business: 505.5 thousand, rising by 38,4%; for visiting relatives: 189.3 thousand, fell by 7.2% over same period last year. Internationals came to Vietnam mainly by air with more than 2 million visits, accounted for 77.6% of total and rose by 5.8% over same period last year.

Communication

New telephone subscribers in 7 months were estimated at 12.9 million rose by 14.1% against July 2007. To end of July 2008 the country had 64.8 million telephone subscribers. New internet subscribers in 7 months estimated at 815.3 thousand, bringing total subscribers at end of July 2008 to over 6 million. Total income of communication in 7 months was estimated at VND 39.2 trillion, rose by 35.3% against same period last year.

Government revenues and expenditures

From 01/1/2008 to 15/7/2008, total government revenues were estimated at 66.7% of the yearly estimate, of which domestic revenue was 61.9%; from crude oil: 71.2%; trade balance revenue: 75.8%. Of domestic revenues, state enterprises gained 59%; FDI sector (excluding crude oil): 52.7%; taxes on industrial and commercial and non-state services zones: 59.7%; on high income persons: 75.5%; petroleum fee: 53.2%; other fees: 55.4%.

Total government spending from 01/1/2008 to 15/7/2008 was estimated at 56.8% of the yearly estimate, of which spending for investment and development was 48.7% (only for capital construction was 47.5%); for public services sector, Party, associations, defense and salary reform gained: 57.5%, for  debt and aid payments: 57.7%.

Tags: Vietnam economic 2008, Vietnam economic statistics, Vietnam's economy situation