Key socio-economic indicators reviewed (Part 2)
13:14 | 05/02/2014

VGP – The positive socio-economic performance in 2013 marked hallmarks in GDP growth rates, IPI, business operation, total retail sales, FDI attraction, trade and CPI.

As of mid December 2013, Viet Nam attracted US$ 21.6 billion of FDI, year-on-year increase of 54.5% of which US$ 14.3 billion was invested into 1275 new projects and US$ 7.3 billion was added to 472 existing projects. The processing and manufacturing sector lured the biggest amount of FDI capital with US$ 16.6 billion (76.9% of total registered capital); followed by electricity production and distribution with US$ 2 billion (9.4%) and others US$ 3 billion (13.7%) – Source: The General Statistics Office

In 2013, 50 provinces and cities got FDI projects of which the northern province of Thai Nguyen attracted the biggest amount of registered FDI with over US$ 3.38 billion (23.7% of total newly-registered capital); followed by Binh Thuan with over US$ 2.02 billion (14.2%); Hai Phong US$ 1.84 billion (12.9%); Binh DInh over US$ 1.01 billion (7.1%) – Source: The General Statistics Office

Out of 50 countries and territories investing in Viet Nam, the Republic of Korea took the lead with over US$ 3.75 billion (accounting for 26.3% of total FDI registered capital); followed by Singapore US$ 3.01 billion (21.1%); China US$ 2.27 billion (16%); Japan US$ 1.29 billion (9.1%); Russia US$ 1.02 billion; Hong Kong US$ 604 million (4.2%); Taiwan US$ 400 million (2.8%) – Source: The General Statistics Office

Total budget collection was estimated at VND 790.8 trillion of which domestic collection was VND 530 trillion; crude oil VND 115 trillion; export-import VND 140.8 trillion – Source: The General Statistics Office

Total budget spending was estimated at VND 986.2 trillion, representing 100.8% of forecast. Development investment valued VND 201.6 trillion; spending on socio-economic development, national defense, security, management of the State, Party, and unions was VND 679.6 trillion and debt payment was worth VND 105 trillion – Source: The General Statistics Office

Export turnover valued US$ 132.2 billion, up 15.4% against 2012. Domestic sector earned US$ 43.8 billion in export turnover (up 3.5% against last year). FDI sector excluding crude oil pocketed US$ 88.4 billion (up 22.4%). In 2013, biggest hard currency earners included telephones and spare parts with US$ 21.5 billion (up 69.2%); garments and textiles US$ 17.9 billion (up 18.6%); and computers and spare parts US$ 10.7 billion (up 36.2%) – Source: The General Statistics Office

The EU was the largest importer of made-in-Viet Nam products with total export turnover of US$ 24.4 billion, up 20.4% against last year; followed by the US with export volume of US$ 23.7 billion (up 20.3%); ASEAN with US$ 18.5 billion (up 6.3%); Japan with US$ 13.6 billion (up 3.8%) and the RoK with US$ 6.7 billion (up 19.9%) – Source: The General Statistics Office

Total import turnover was worth US$ 131.3 billion, year-on-year increase of 15.4%. The domestic sector imported US$ 56.8 billion of goods (up 5.6%). The FDI sector imported US$ 74.5 billion of goods (up 24.2%). In 2013, Viet Nam chiefly imported machines and equipments with US$ 18.6 billion (up 16%); electronic products, computers and spare parts with US$ 17.7 billion (up 34.9%) – Source: The General Statistics Office

The export of heavy industries and minerals valued US$ 58.6 billion, up 21.5% against last year and occupying 44.3% of total export revenue. The light industries and handicrafts ranked the second place with US$ 50.3 billion, up 16.3% against last year. The agro-forestry sector shipped US$ 16.5 billion of goods abroad (down 1.9% against last year); aquaculture US$ 6.7 billion (up 10.6%) – Source: The General Statistics Office

In 2013, Viet Nam chiefly imported US$ 36.8 billion of goods from China (up 26.7%); US$ 21.4 billion from ASEAN (up 2.8%); RoK US$ 20.8 billion (up 5.3%); Japan US$ 11.6 billion (down 0.18%); EU US$ 9.2 billion and the US$ 5.1 billion (up 6.1%) – Source: The General Statistics Office

CPI picked up 6.6% in 2013, lower than the rate of 9.21% in 2012 – Source: The General Statistics Office 

By Huong Giang

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