1. Socio-economic indicators achieved in 2012 (Report No. 10748/BC-BKHDT December 24th, 2012 of the Ministry of Planning and Investment)
Gross Domestic Product (GDP): GDP in QI increased by 4.64%, in QII by 4.8%, in QIII by 5.05% and in QIV was estimated to rise by 5.44%. GDP of the year increased about 5.03% (increasing 5.25% at constant 2010 prices), being less than planned target of 6-6.5% but a reasonable increase in the context of curbing inflation, stabilizing macroeconomy; in which, sector of agriculture, forestry and fishery rose by 2.72%; industry and construction by 4.52%, service by 6.42%.
Prices and inflation: CPI in December rose 6.81% over December 2011, being largely less than the pace of consumer price in the previous years. The average CPI in 2012 was up 9.21% over the last year.
Revenue and expenditure of state budget: Total state budget revenue as of December 15th 2012 was estimated at nearly 658.65 trillion dong, equaling 88.9% of annual estimate (it reached 108.5% in the same period in 2011), it was estimated to gain 741.5 trillion dong in the whole year, increased by 0.14% over the annual estimate, by 5.3% over the year 2011. As of December 15th 2012, total state budget expenditure was at an estimation of 821.18 trillion dong, equaling 90.9% annual estimate (it reached 97.7% in the same period last year); this figure of the whole year 2012 was estimated to reach 904.1 trillion dong, increased by 0.11% over the annual estimate and by 14.6% compared to 2011. Budget deficit equaled 4.8% GDP.
Export and import: For the year as a whole, total export turnover was estimated at over US$ 114.6 billion, up 18.3% over the last year. Total import turnover was estimate of US$ 114.35 billion, up 7.1% over the last year. Trade surplus reached US$ 284 million, equaling 0.2% of total exports. However, export growth of this year was mainly based on the growth of FDI sector: Total exports in 2012 increased over US$ 17.72 billion, in which FDI sector (excluding crude oil) raised more than US$16 billion, accounting for 90.4%.
Development Investment: Total social development investment in 2012 was estimated at 870 trillion dong, equivalent to 29.5% of GDP (34.6% in 2011); in which: investment capital from State budget was 187.5 trillion dong, government bonds was 45 trillion dong, investment credit capital of the state was 50 trillion dong, the capital of state-owned enterprises was 75 trillion dong, individual and private investment capital was 310 trillion dong, foreign direct investment (FDI) was 183 trillion dong.
2. Socio-economic indicators achieved in 2011 (Report of the Government at the 3rd session, XIII National Assembly on May 21st 2012)
Gross domestic product (GDP) increased by 5.89%, in which industry and construction by 5.53% (reported to National Assembly as 7%) and services by 7% (reported as 6,4%), agriculture, forestry and fishery by 4% (reported as 2.3%). Rice production reached a record of 42.4 million tons, exports of agricultural, forestry and aquatic products reached US$ 23 billion, in which there were 7 million tonnes of rice exported, worth about US$ 3.7 billion.
Consumer price index (CPI) has decreased gradually from the third quarter. Monetary, credit and international balance of payments situation has been under control. Total liquidity increased by 12.37% (target as 15 - 16%). Outstanding credit to the economy increased by 14.41% (target as less than 20%). Credit structure shifted towards the positiveness, giving priority to agriculture and rural development, manufacture and export sectors. The surplus of overall balance of payments was of US$ 2.65 billion, contributing to increase the country's foreign currency reserves (deficit of US$ 3.1 billion in 2010).
State budget revenues increased by 18.4%, the state budget expenditure by 13.8% compared with the estimate. The budget deficit remains at 111,500 billion dong, equaling to 4.4% of realized GDP (down 0.9% compared to the estimate). Public outstanding loans, Government outstanding loans, foreign outstanding loans of the nation have been controlled, being ensured in safe limit.
Total social investment was equaled to 34% of GDP. In the implementation of Resolution No.11/NQ-CP of the Government, Ministries, branches and localities reviewed and transfered 81.5 trillion dong of investment capital to focus on important and urgent projects, possibly completed and put into use. ODA disbursement reached US$ 3.65 billion, up 3% compared to 2010.
Export turnover of the whole year reached US$ 96.9 billion, increased 34.2% compared to 2010 (reported to National Assembly as 31.6%). Trade deficit was US$ 9.84 billion, equaling 10.16% of the total exports (reported as 10.5%), being the lowest pace in many recent years. In difficult market conditions, price fluctuation, the result is a great effort.
3. Socio-economic indicators achieved in 2010 (Report of the Ministry of Planning and Investment on December 31st 2010)
Gross domestic product (GDP) in the first quarter increased by 5.84%; in quarter II by 6.44%; in quarter III by 7.18% and in quarter IV was estimated to raise 7.34%. GDP in 2010 was estimated to grow at nearly 6.8%, higher than the figure reported to the National Assembly (6.7%) and higher than the planned target (6.5%).
State budget revenues and expenditures: Total budget revenue accumulated from the beginning of the year to Dec 15th 2010 was estimated at 504.4 trillion dong, equivalent to 109.3% of the yearly estimate; the state budget expenditure 573 trillion dong, 98.4% of the yearly estimate.
Development investment: The total social investment in 2010 was estimated at 830.3 trillion dong, up 17.1% compared to 2009 and equalled about 41.9% of GDP in 2010. Foreign direct investment in 2010 reached US$11 billion, up 10% compared to 2009. As for ODA: Total disbursement in 2010 was estimated at US$ 3,500 million, approximately 144.2% over the disbursement plan of the whole year; in which: loans of about US$ 3,200 million, non-refundable aid of about US$ 300 million.
Export and import: Total export revenue in December 2010 was estimated at US$7.1 billion. The accumulation of the year 2010 was estimated at $ 71.6 billion, increased 25.5% compared to 2009 and more than four times higher than the planned targets ratified by National Assembly (>6%). Imports: total import revenue of December 2010 was estimated at US$8.5 billion. The accumulation of the whole year 2010 was estimated at US$84 billion, rose 20.1% over the last year. Trade deficit: Trade deficit in December 2010 was US$1.4 billion, equaling 19.7% of export revenue. The trade deficit in 2010 was estimated approximately US$12.4 billion, equaling 17.3% of total exports.
Price and inflation: the average consumer price index in 2010 increased by 9.19% compared to 2009. For the year 2010, the gold price index rose 36.72% and the U.S. dollar price index increased by 7.63% compared to 2009.
Revenue and expenditure of state budget: Total state budget revenue as of December 15th 2012 was estimated at nearly 658.65 trillion dong, equaling 88.9% of annual estimate (it reached 108.5% in the same period in 2011), it was estimated to gain 741.5 trillion dong in the whole year, increased by 0.14% over the annual estimate, by 5.3% over the year 2011. As of December 15th 2012, total state budget expenditure was at an estimation of 821.18 trillion dong, equaling 90.9% annual estimate (it reached 97.7% in the same period last year); this figure of the whole year 2012 was estimated to reach 904.1 trillion dong, increased by 0.11% over the annual estimate and by 14.6% compared to 2011. Budget deficit equaled 4.8% GDP.
Export and import: For the year as a whole, total export turnover was estimated at over US$ 114.6 billion, up 18.3% over the last year. Total import turnover was estimate of US$ 114.35 billion, up 7.1% over the last year. Trade surplus reached US$ 284 million, equaling 0.2% of total exports. However, export growth of this year was mainly based on the growth of FDI sector: Total exports in 2012 increased over US$ 17.72 billion, in which FDI sector (excluding crude oil) raised more than US$16 billion, accounting for 90.4%.
Development Investment: Total social development investment in 2012 was estimated at 870 trillion dong, equivalent to 29.5% of GDP (34.6% in 2011); in which: investment capital from State budget was 187.5 trillion dong, government bonds was 45 trillion dong, investment credit capital of the state was 50 trillion dong, the capital of state-owned enterprises was 75 trillion dong, individual and private investment capital was 310 trillion dong, foreign direct investment (FDI) was 183 trillion dong.