Key economic indicators reviewed
14:38 | 27/11/2013
VGP – The economic outcomes in the January-November period showed that the preset goals are feasible with GDP projected to touch 5.4%, higher than the 5.2 % rate of 2012.

Source: The General Statistics Office (GSO)

Firstly, export and import activities attained optimistic achievements. Especially, export advanced rapidly, much higher than GDP growth rate, making a record high. Export has created an impetus for the economy.

Meanwhile, trade deficit was maintained at low level (only US$ 96 million).  

The inflow of foreign currency was fairly. FDI disbursement valued US$ 10.55 billion and was estimated at US$ 11.5 billion for the whole year. The figure outstrips the preset goal of US$ 10.5-11 billion.

Disbursed ODA capital was estimated at US$ 4.04 billion and would exceed US$ 4.5 billion. Overseas remittances were projected to reach US$ 11 billion.

Foreign arrivals numbered 6.8 million in the first 11 months and were forecast to surpass US$ 7.7 billion.

Budget collection accounted for 86% of the yearly forecast. Budget spending reached 87%.

CPI was reined in thanks to higher level of foreign currency reserve, stable exchange rate, lower interest rate, and better investment efficiency and labor productivity.  

The Index of industrial production (IIP) increased in every quarter./.

By Kim Loan

 

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