Economic indicators in first eight months remain positive

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Viet Nam’s trade deficit was estimated to hit US$2.13 billion in the first eight months of 2017. 

During the reviewed time, Viet Nam’s import value jumped by 22.3% year-on-year to US$135.63 billion while the export turnover reached US$133.5 billion, up 17.9% against last year.

The country’s import-export turnover hit US$269.13 billion, a yearly increase of 20.1%. 

US$ 23 billion of FDI absorbed

Total amount of FDI attracted in the first eight months of 2017 touched US$ 23.36 billion, representing a year-on-year surge of 45.1%.

As of August 20, disbursement of FDI projects was estimated at US$ 10.3 billion, up 5.1% against the same period last year.

Up to 1,624 FDI projects acquired business licenses worth US$ 13.45 billion, up 37.4% against the same period last year. About 773 projects got additional capital of US$ 6.4 billion, representing a year-on-year surge of 40.2%. Foreign investors poured US$ 3.5 billion to buy shares from Vietnamese companies, representing a year-on-year growth of 101.3%.

CPI in August increases 0.92%

The Consumer Price Index (CPI) in August 2017 rose 0.92% against the previous month, according to the General Statistics Office.

The average CPI in eight months of this year witnessed a year-on-year increase of 3.84%, and increased 1.23% and 3.35% in comparison with December last year and the same period last year, respectively.

Ten groups saw increases in prices compared to the previous month, including pharmacy and health service up 2.86%, transport up 2.13%, restaurants and food services up 1.06%, housing and building materials up 0.93%, education up 0.57%, garments, hats and footwear up 0.09%, beverage and tobacco up 0.07%, household equipment up 0.03%, culture, entertainment and tourism up 0.01% and other services up 0.1%.

The price of telecommunications declined 0.04%.

Newly-established enterprises sharply increase

As many as 85,357 newly-established enterprises were recorded in the first eight months of the year with a registered capital of VND822,100 billion, respectively up 16.3% and 44.8% against the same period last year.

The average registered capital of each enterprise reached VND9.6 billion, up 24.5%.

With 24,700 enterprises adding VND1,108.3 billion in capital, the total registered and additional capital attained VND1.930 trillion in eight months.

As many as 19,154 businesses re-operated, raising the total newly-registered and re-operated enterprises to 104,500 ones.

A total number of 822,400 jobs were created, in eight months, down 4.1%.

Agro-fishery-forestry export surges

Agro, fishery and forestry export turnover in the first eight months of this year rose 13.5% from the same period last year to US$23.66 billion.
Agricultural export value was estimated at US$12.6 billion, up 17.2% from the same period last year, while seafood exports fetched US$5.13 billion, up 18.1% and forestry products saw an increase of 9.6% to US$5.07 billion.
In the reviewed period, exports of fruits and vegetables earned US$2.32 billion, up 46.5% year on year.

Meanwhile, agro, fishery and forestry imports in the reviewed time amounted to US$19.17 billion, including US$2.69 billion in August.

By Thuy Dung