1. Macro economy
- Vietnam’s economy has recovered significantly and reached high growth speed as compared to the plan set forth and higher than the forecast before: GDP growth of the later Quarter was higher than the previous one; GDP growth of the first 9 months was 6.5%, which is the highest increase over the same period of the past 4 years; of which: agriculture, forestry and fishery rose by 2.08%; industry and construction by 9.57%; service by 6.17% as compared to the same period last year.
- Inflation was curbed, CPI increased slightly: CPI of September fell 0.21% as compared to the last month (CPI of the last month decreased 0.07%); up 0.4% as compared to December 2014; average of the 9 months rose 0.74% over the same period last year. CPI of the first 9 months rose slightly but there was not deflation signal. Domestic consumption, purchase power and total demand increased sharply. Economic growth of the 9 months was higher than the same period of last years.
- State budget revenue-expenditure: total state budget revenue of the first 9 months was estimated at 683 thousand billion dong, equaling 75% of the yearly estimate, up 7% as compared to the same period 2014; total state expenditure was estimated at 823.97 thousand billion dong, equivalent to 71.8% of the yearly estimate.
- Development investment: total realized social investment capital of the first 9 months was estimated at 909.5 thousand billion dong, up 8.5% as compared to the same period last year, equaling 31.9% of GDP, of which: realized development investment capital from state budget was estimated at 65.3% of the yearly estimate, up 7.4% as compared to the same period last year; realized FDI capital was US$ 9.65 billion, up 8.4%; disbursement of ODA and preferential loans was US$ 3.3 billion.
- Export maintained growth momentum, rate of trade deficit was under the control: total export turnovers of the first 9 months was estimated at US$ 120.7 billion, up 9.6% as compared to the same period 2014; total import turnovers was US$ 124.6 billion, up 15.9%; trade deficit was about US$ 3.9 billion, equaling 3.2% of total export turnovers.
2. Education training, social welfares, health, culture and other social fields
- In the first 9 months, education and training sector continued to compile and accomplish legal normative documents, implement Resolution No. 29-NQ/TW on fundamental and comprehensive innovation in education and training; well organized the national High school exams 2015 and basically completed the admission into universities and colleges.
- Regarding labor, employment, social security, people’s health care: in the first 9 months, as much as over 1.2 million jobs was estimated to create, equivalent to 76.1% of the yearly plan, up 3.5% over the same period last year. Social welfares policies continued to be paid attention and implemented well. Policies for supporting production development and life of the poor, ethnic minorities, remote areas, areas affected by natural disasters, storms, floods… continued to be implemented. Preventive health care and ensuring food hygiene safety were boosted.
- Activities in culture – art, information - propaganda were paid attention to deploy; propagandizing about the Party Congress at all levels, towards XIIth National Party Congress; the external activities of the Party and State Leaders; timely providing information about the socio-economic situation of the country and in the world.
- Activities of high performance sport continued to be paid attention; preparing resources to attend regional and international competitions and achieving good results, initially carrying Vietnam’s sport image to the world and continent. Popular sport activities continued to be organized, towards comprehensive sporty society.
- Regarding traffic safety: Compared to the same period last year, traffic accidents in the first 9 months of the year fell in 3 criteria: number of cases decreased by 12%, death toll by 3.55% and injury by 16.29%.
Generally, in the first 9 months 2015, in spite of complicated changes of world and regional economy, with the aggressive direction of the Government and the Prime Minister, proactive respond of ministries, branches, from Centre to localities, our economy continued recovering significantly and gained outcomes higher than that of the same period last year. Macro economy was stable, CPI rose slightly. GDP growth of the first 9 months was the highest over the last 5 years. Industrial production, including processing and manufacturing increased well. Total demand and purchase power rose; total retail sales of consumer goods and services increased at high rate; international visitors to Vietnam in September continued to rise as compared to the same period last year. Credit grew higher than the same period last year; foreign exchange market and interest rate were rather stable; exchange rate was adjusted flexibly; balance of international payments was surplus, foreign currency reserve rose and hit the highest level ever. State budget revenue, particularly domestic revenue was rather high as compared to the same period last year. FDI attraction was rather good; registered and realized FDI capital increased significantly as compared to the same period last year. Belief in business and investment environment was improved; number of newly registered enterprises and registered capital rose remarkably. Export maintained the growth momentum, import of raw material, machinery and equipment for investment, production, business and export increased; trade deficit of the first 9 months was under the control (equaling 3.2% of total export turnovers; target of the plan set forth was 5%). Foreign affairs and international integration gained achievements; innovation and quality improvement of education – training, science, technology, protection of natural resources and environment were focused on; social welfares continued to be ensured; political security and social order were maintained; traffic accidents decreased in all three criteria (number of cases, death toll and injury).
Besides above-mentioned achievements, the economy still faced many difficulties and challenges: sharp decrease of crude oil and commodity’s price in the world, complicated changes of the world’s financial market, decline of some major economies affected our economy. Agriculture and fishery still faced many difficulties due to natural disasters, drought, rain, flood and difficulties in market, the decrease of export price. Life of people in remote areas, areas affected by natural disasters, flood, drought was difficult./.
MPI Portal