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Wednesday, June 19 2019
Tiếng Việt
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Date 29/03/2019-09:03:00 AM
Socio-economic indicator achieved in 2019

The socio – economic indicator of the first quarter of 2019 (According to Report No. 54/BC-TCTK dated March 28th, 2019 by the GSO)

- Gross Domestic Product (GDP): GDP of the first quarter of 2019 was estimated to increase by 6.79% as compared to the same period last year, although lower than the growth rate of the first quarter of 2018, it is higher than the growth rate of the first quarter of years from 2011 to 2017. In the general economic growth of the whole economy, the agriculture, forestry, and fishery sector increased by 2.68%, contributed 4.9% to the general growth; the industry and construction sector increased by 8.63%, contributed 51.2%; the service sector increased by 6.5%; contributed 43.9%.

- Agricultural, forestry and fishery production: Agriculture sector increased by 1.84% as compared to the same period last year, much lower than the increase of 3.97% of the first quarters of 2018, contributed 0.17 percentage point to the growth rate of the total value added of the whole economy; forestry increased by 4.2%, contributing only 0.03 percentage point because of its low proportion; fishery increased by 5.1%, the highest growth rate in the first quarter of the last 9 years, contributed 0.14 percentage point.

- Industrial production: Generally, in the first quarter of 2019, the Industrial production index (IIP) was estimated to increase 9.2%% as compared to the same period last year, lower than the increase of 12.7 % of the same period in 2018 but still higher than the increase of 7.4% and 4.8% of the same period in 2016 and 2017.

- Enterprise operation: Generally, in the first quarter of 2019, the whole country had 28,451 newly registered enterprises with the total registered capital of 375.5 trillion VND, up 6.2% in the number of enterprises and up 34.8%% in registered capital as compared to the same period in 2018; the average registered capital of a newly established enterprise was 13.2 billion VND, up 26.9%. If including 722.5 trillion VND of additionally registered capital of enterprises adjusted to raise capital, the total registered capital added to the economy in the first quarter of 2019 was 1,098 trillion VND. In addition, there were 15,050 enterprises returning to operation, up 78.1% over the same period last year, bringing the total number of newly established enterprises and enterprises returning to operation in the first quarter of 2019 to more than 43.5 thousand enterprises. The total registered labor of the newly established enterprises in the first quarter of 2019 was 317.6 thousand, up 40.9% as compared to the same period last year.

- Services: Generally, in the first quarter of 2019, the total retail sales of consumer goods and services was estimated at 1,184.9 trillion VND, up 12% as compared to the same period last year, if excluding the price factor, it rose 9% (in the same period in 2018, it increased by 8.9%). Tourism revenue in the first quarter of 2019 was estimated at 11.3 trillion VND, accounting for 1% of the total and increasing by 12.8% over the same period last year. Other service revenue in the first quarter was estimated at 123.2 trillion VND, accounting for 10.4% of the total and increased 5.1% over the same period in 2018.

- Passenger and cargo transportation: Generally, in the first 3 months, cargo transportation reached 412.2 million tons, up 8.6% YoY and 78.1 billion tons-kms, up 6.5%, in which domestic transport reached 404 million tons, up 8.7% and 44.2 billion tons-kms, up 9.7%; foreign transport reached 8.2 million tons, up 1.5% and 33.9 billion tons-kms, up 2.5%.

- International visitors to Vietnam: Generally, in the first quarter of 2019, the foreign visitors to Vietnam were estimated at 4,500.1 thousand arrivals, up 7% YoY.

- Banking operation: As of March 20th, 2019, total means of payment increased by 2.54% as compared to the end of 2018 (that of the same period in 2018 by 3.23%), capital mobilization of credit organizations rose by 1.72% (that of the same period in 2018 by 2.2%); credit growth of the economy reached 1.9% (that of the same period in 2018 increased 2.23%).

- Investment: The realized social investment capital of the first quarter of 2019 at current price was 359.2 trillion VND, up 8.8% YoY and equaling 32.2% of GDP, including 106.8 trillion VND of state sector capital, capturing 29.7% of the total capital and up 3.5% YoY; 158 trillion VND of non-state sector, making up 44% and up 13.6%; 94.4 trillion VND of FDI sector, accounting for 26.3% and up 7.5%.

From the beginning of the year to March 20th, 2019, FDI attracted 785 newly licensed projects with 3,821.4 million USD of registered capital, increased by 27% in the numbers of projects and increased by 80.1% in the registered capital as compared to the same period in 2018.

Regarding Vietnam’s investment abroad, in the first quarter of 2019, the whole country had 24 projects newly granted certificates of investment abroad with a total investment capital of 80.4 million USD from Vietnam. In addition, there were 8 projects adjusted capital with additional capital of 39.6 million USD. Sum-up, the total investment capital of Vietnam abroad (newly and additionally capital) in the first quarter of 2019 reached 120 million USD.

- State budget revenue and expenditure: Total state budget revenue from the beginning of the year up to March 15th, 2019 was estimated at 278.6 trillion VND, equaling 19.7% of the yearly estimate, of which, domestic revenue was 221.7 trillion VND, equivalent to 18.9%; revenue from crude oil was 9.9 trillion VND, equaling 22.3%; budget revenue from import and export activities was 47 trillion VND, equivalent to 24.9%. Total state budget expenditure from the beginning of the year to March 15, 2019, was estimated at 254.5 trillion dong, equaling 15.6% of the yearly estimate, of which, regular expenditures were 192.7 trillion VND, equivalent to 19.3%; expenditure on development investment was 33.5 trillion VND, equaling 7.8%; debt interest payment was 27.7 trillion VND, equaling 22.2%.

- Export & import: Generally, in the first quarter of 2019, export turnover of goods was estimated at 58.51 billion USD, up 4.7% over the same period in 2018, in which domestic economic sector gained 17.05 billion USD, increased 9.7%, accounting for 29.1% of the total export turnover; foreign investment sector (including crude oil) reached 41.46 billion USD, up 2.7%, accounting for 70.9%. Import turnover was estimated at 57.98 billion USD, up 8.9% over the same period in 2018, in which domestic economic sector reached 24.09 billion USD, up 13.4%; foreign investment sector reached 33.89 billion USD, up 6%.

- Consumer price index (CPI): Average CPI of the first quarter of 2019 increased 2.63% as compared to the same period in 2018, this is the lowest average increase in the first quarter in the last 3 years; CPI of March 2019 rose by 0.69% over December 2018 and up 2.7% as compared to the same period in 2018.

- Labor & employment: The labor force aged 15 and over of the whole country in the first quarter of 2019 was estimated at 55.4 million people, decreased 207 thousand people as compared to the previous quarter due to the long Tet holiday in the quarter and increased 331.9 thousand people as compared to the same period in 2018.


Ministry of Planning and Investment

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