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Key socio-economic indicators reviewed (Part 1)

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.

02/04/2014 01:25

The growth rate of gross domestic product (GDP) was estimated at 5.42%, lower than the preset goal of 5.5% but higher than the rate of 5.25% in 2012. The higher GDP showed the economic recovery – Source: The General Statistics Office

In 2013, the agro-forestry and fishery sector expanded by 2.67%; the industry and construction sector 5.43% and service 6.56%. The agro-forestry and fishery sector accounted for 18.4% of total GDP; industry and construction sector 38.3% and service sector 43.3% - Source: The General Statistics Office

In 2013, industrial production index (IPI) picked up 5.9% against last year of which IPI in Q1 expanded by 5%; Q2 5.5%; Q3 5.4% and Q4 8% – Source: The General Statistics Office

Source: The General Statistics Office

Source: The General Statistics Office

In 2013, 76955 enterprises were established, up 10.1% against last year with total registered capital of VND 398.7 trillion. Meanwhile, 60737 enterprises faced with difficulties, representing year-on-year increase of 11.9% of which 9818 were dissolved (up 4.9%); 10803 temporally suspended operation (up 35.7%); and 40116 stopped operation without registration – Source: The General Statistics Office

As of late 2013, out of 3135 State-owned enterprises, there were 405 agro-forestry and fishery businesses, accounting for 12.9%; 1401 industry and construction enterprises (44.7%) and 1329 service businesses (42.4%) – Source: The General Statistics Office

The total retail sale of goods and service was estimated at VND 2618 trillion, up 12.6% against 2012 and posting the record low over the last four years. The non-state sector held the largest proportion of total retail sales (89.7%); followed by the state-owned sector (9.9%) and FDI sector (3.4%) – Source: The General Statistics Office

In 2013, the number of international foreign arrivals was over 7.5 million, up 10.6% against last year. Over 4.6 million foreigners travelled to Viet Nam for tourism (up 12.2%); more than 1.26 million for business (up 8.7%) and around 1.25 million for visiting relatives (up 9.4%).  China had the biggest number of visitors to Viet Nam in 2013 with over 1.9 million, up 35% against last year – Source: The General Statistics Office

Total social investment amounted to VND 1091.1 trillion, up 8% against last year and representing 30.4% of GDP. Disbursed social investment of State-owned sector valued VND 440.5 trillion, accounting for 40.4% of total figure; followed by non-state sector with VND 410.5 trillion or 37.6% and FDI sector with VND 240.1 trillion or 22% – Source: The General Statistics Office

By Huong Giang