Vietnam’s state budget deficit expanded to VND30.65 trillion in the first half of this year, equal to 3.58% of the country’s gross domestic product (GDP), compared to the full-year estimate of 6.2%, the Ministry of Finance said on July 23. The communist-run country had total revenues and grants of VND242.43 trillion in the period, including [...]
The total sale of goods and services in July in Ha Noi is expected to hit VND71.15 trillion (US$3.7 billion), which represents an increase of 37 per cent over the same period last year, reports the Ha Noi Industry and Trade Department. Retail sales earned VND16.7 trillion ($878 million), which is a year-on-year increase of [...]
Deputy Prime Minister Truong Vinh Trong chaired a conference in Hanoi on July 12 to review and predict the socio-economic status of northwestern region in 2010. Mr Trong spoke highly of its efforts to create the best possible conditions for socio-economic development at grassroots level. The northwestern region still has 43 poor districts out of [...]
RESTORATION OF THE ECONOMIC GROWTH Gross Domestic Products (GDP) Growth GDP in 1st Quarter of 2010 rose by 5.83% as against the same period in 2009, and in 2nd quarter it was estimated increasing by 6.4% as against the same period last year and equaling 109.8% of 1st quarter’s growth. Generally in 6 months, GDP [...]
The country’ socio- economy in five beginning months of 2010 is happening in the background of the world’s economy which has not yet fully escaped from the crisis but been gradually stabilised. Detailed outputs of all sectors and fields are as follows: Agriculture, forestry and fishery Agriculture The area for cultivating spring rice in the [...]
Vietnam’s export turnover is estimated to reach $6.1 billion, a year-on-year growth of 37.5 percent, bringing total figure of first five months of 2010 to $25.83 billion, up 12.6 percent. Of which, $12.02 billion was contributed by state companies and $13.8 billion (including crude oil) by foreign invested economy section, jumping 25.9 percent against the [...]
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