I. ECONOMIC GROWTH
1. Gross domestic Products (GDP) Growth
GDP in six beginning months of 2014 was estimated to grow 5.18% from the same period in 2013, of which it rose 5.09% in the 1st Quarter and 5.25% in the 2nd Quarter. In the economic structure, agriculture, forestry and fishery rose 2.96%, contributed 0.55 percentage points; industry and construction 5.33%, contributed 2.06 percentage points; and service 6.01%, contributed 2.57 percentage points.
In the economy structure in six beginning months of the year, the sector of agriculture, forestry and fishery accounted for 17.69%; the industry and construction accounted for 38.70%; the service accounted for 43.61% (corresponding proportions in 2013’s same period were 18.18%, 38.70% and 43.12%)
In terms of GDP to use in six months of the year, final consumption increased by 5.19% from the same period in 2013 and contributed 4.09 percentage points to the general growth, of which the household final consumption increased by 5.04%, higher than the growth of 4.49% of the same period last year; accumulated assets by 5.80%, contributed 1.66 percentage points.
2. Agriculture, forestry and fishery
Estimated production value of this sector at 2010 comparative price in six beginning months rose 3.4% over the same period last year, of which agriculture increased by 2.5%; forestry by 5.9%; fishing by 6%.
The country’s winter-spring rice cultivated area in this year was at an estimate of 3,116,300 ha, rose 10,700 ha and equaled 100.3% from the same crop in 2013, of which the cultivated area in the North was 1,161,400 ha, equaling 100.3%; in the South was 1,954,900 ha, equaling 100.4%. According to the preliminary report, the country’s spring rice productivity was estimated to reach 66,900 kg/ha, up 2,400 kg/ha from the same crop last year; the yield gained 20.8 million tons, up 812,200 tons.
Other winter-spring crops have been basically harvested, of which the yield was 2.5 million tons, reduced 28,800 tons from last year; 843,000 tons for sweet potato, reduced 27,800 tons; 83,600 tons for soybean, reduced 7000 tons; 351,900 tons for peanut, reduced 32,000 tons;
According to the preliminary survey, as of April 1st, 2014, the country had 2.6 million buffalos, down 0.6% from the same period last year; 5.2 million oxen, rose 0.7%; 200,400 cows, rose 14%; 26.4 million pigs, rose 0.3% and 314.4 million fowls, rose 0.7%. The output of live-weight buffalo meat and beef in six months of the year achieved approximately the output in the same period last year; live-weight pork went up by 1.7%; poultry rose 0.6%; poultry eggs by 5.5%; cow’s milk by 19.2%.
In 6 beginning months of the year, the newly-planted concentrated forest area was estimated to rise by 4.8% from the similar period last year. Wood production reached 2,616,000 m3, a rise of 8.5%; firewood production gained 15.4 million cubic meters, a rise of 3.2%. Damaged forest area over the country was 2154 ha, of which burnt area was 1734 ha; destroyed area was 420 ha.
Aquaculture area in six months was at an estimate of 933,000 ha, rose 1.4% against the identical period last year. Estimated fishing production in six months achieved 2,866,500 tons, grew by 4.4% from 2013’s same period, of which farmed production gained 1,453,000 tons, rose 3.4%; caught production reached 1,413,500 tons, rose 5.5%, of which sea catching attained 1,328,700 tons, rose 5.6%.
The harvested shark catfish production in six months was estimated to reach 55,000 tons, a decrease of 1.6%. Harvested area of tiger shrimp gained 495,000 ha, fell by 10%; the output reached 106,000 tons, reduced by 5.5%. Area and production of whiteleg shrimp had a strong growth with the area of 53,000 ha, an increase of 111% and the estimated yield of 117,000 tons, over two times higher than the figure in 2013’s same period.
Generally, in six beginning months of the year, Industrial Production Index (IPI) rose 5.8% against the same period last year, of which the manufacturing increased by 7.8%; the power generation and supply by 10.9%; the water supply and waste treatment by 5.9%; only the mining continued to reduce by 2.5%.
Consumption index for the whole manufacturing in five beginning months of the year grew by 9% compared to that in the same period last year. As of June 1, 2014, the stock index for the entire manufacturing grew by 12.8% from the same period in 2013.
Labor employed index (LEI) for industrial enterprises as of June 1, 2014 went up by 2.7% from the same period last year, of which the state sector reduced by 1.2%; the non-state sector rose 4.4%, and the FDI sector rose 3.2%.
4. Operation of enterprises
In June 2014, the country had 6087 newly established enterprises with the registered capital of 57.3 trillion dong, increased by 10.7% in the number of enterprises and by 89.6% in the registered capital from the previous month. The number of businesses registered for temporarily ceasing operations was 966; suspended businesses waiting for closing the enterprise code or without registration were 4554; dissolved businesses were 849.
Generally, in six beginning months of the year, the country had 37,315 businesses registering for new establishment with registered capital of 230.9 trillion dong, a decrease of 4.1% in the number of businesses registered for establishment and an increase of 19.3% in registered capital compared to the similar period in 2013. The number of businesses registered for temporarily ceasing operations was 6066; suspended businesses waiting for closing the enterprise code or without registration were 22637; dissolved businesses were 4751. Suspended ones re-operated in six beginning months were 8322, down 10.7% from the same period in 2013.
a. Retailed sales of consumer goods and services
In the six beginning months of the year, total retail sales of consumer goods and services achieved an estimated growth of 10.7% from the identical period last year (if the factor of inflation were excluded, the growth rate would be 5.7%). Of which, retailed sales of goods raised by 12.2%, accommodation and catering service by 13.1%, other services by 22.2% and traveling service by 20.5%.
b. Carriage of passengers and cargos
Passenger carriage in six beginning months of the year rose 6% in the volume of passengers and 6.7% in passengers-kilometers from the same period in 2013. Respectively, transport by road showed an increase of 6.1% and 6.7%; airway: a growth of 10.2% and 9.5%; railway: a decrease of 4% and 5.5%; sea: an increase of 3.4% and 1.9%.
Cargo transport in six months was estimated to rise by 4.6% in tons, and by 2.7% in tons-km carried from the identical period last year. Correspondingly, transport by road went up by 5.9% and by 4.2%; river: an increase of 2.6% and 2.8%; sea: a decrease of 5.6% and a growth of 2.1%; railway: an increase of 6.4% and 5.5%.
c. International visitors to Vietnam
In June 2014, estimated number of international visitors to Vietnam was 539,700 arrivals, fell by 19.9% from the previous month, of which visitors coming only for tourist purpose had the largest decline of 21.2%. Remarkably, the number of Chinese visitors decreased by 29.5% from the preceding month, of which visitors coming by air reduced by 44.7%. International visitors to Vietnam through the border gates with China in June slowed down 50% against the previous month.
International passenger to Vietnam in six beginning months of the year was estimated to reach 4,287,900 arrivals, rose 21.1% compared to the same period last year, of which visitors coming for tourist purposes gained 2,588,200 arrivals, rose 19.3%; for business purpose 720,900 arrivals, rose 21.7%; for visiting relatives 739,500 arrivals, rose 25.4%.
II. STABILIZE MACRO ECONOMY, CURB INFLATION
1. Investment & development
Estimated realized social investment capital at current prices in six months reached 502.5 trillion dong, increased by 8.2% against the same period last year, of which state capital reached 198.2 trillion dong, grew by 9.5%; the non-state sector gained 178 trillion dong, by 7.9% and the FDI sector obtained 126.3 trillion dong, by 6.5% respectively. Of the state sector’s investment capital, capital from the state budget reached 90 trillion dong, equaled 48.6% of the yearly plan and increased by 1.6% compared to the same period in 2013.
From the beginning of the year to June 20, 2014, the country had 656 newly licensed FDI projects with the registered capital of US $4858.3 million, a decrease of 5.1% in the number of projects and 6.8% in capital from the similar period in 2013. The total registered capital of both newly and additionally financed projects reached US $6852.3 million, fell by 35.3%. Estimated realized FDI in 6 beginning months of the year achieved US $5.75 billion, rose 0.9%.
In 6 months, the manufacturing attracted foreign investors with the registered capital accounting for 70.2% of total registered capital; the real estate business accounted for 10.1%; the construction accounted for 6.8%; other industries accounted for 12.9%.
2. Government revenues and expenditures
Total estimated government revenues from the beginning of the year to June 15, 2014 achieved 376.9 trillion dong, equaled 48.2% of the annual estimate, of which domestic revenues reached 256.7 trillion dong, equaled 47.6%; collecting from crude oil achieved 48.3 trillion dong, equaled 56.6%; from export-import balance 70.5 trillion dong, equaled 45.8%. Of home revenues, 83.8 trillion dong was from state enterprises, equaling 45.4% of the yearly estimate; 56.4 trillion dong from FDI enterprises (excluding crude oil), equaling 50.5%; 52.8 trillion dong from non-state industrial, commercial and service taxes, equaling 49.2%; 24.3 trillion dong from individual income tax, equaling 51.4%.
From the beginning of the year to June 15, 2014, total government expenditures reached an estimate of 449.4 trillion dong, equaled 44.6% of the yearly estimate. Of which, spending for investment development achieved 72.6 trillion dong, equaled 44.5% (only capital construction reached 70 trillion dong, equaling 44.3%); economic and social development, national defense and security 321.7 trillion dong, equaled 45.7%; paying debts and aids 55.1 trillion dong, equaled 45.9%.
3. Exports and imports
Export turnovers in May reached US$ 12.4 billion, raised US$ 408 million compared with the estimate, of which exports of some items increased sharply from the estimate: crude oil raised US$ 299 million; textile raised US$ 94 million; shoes and sandals raised US$ 143 million. Conversely, export turnovers of telephone and accessories had a strong decrease of US$ 589 million compared with the estimate.
Estimated export turnovers in June achieved US$ 12.1 billion, dropped by 2.5% from the preceding month, of which the FDI sector (including crude oil) was estimated to gain US$ 8.2 billion, reduced by 2.7%. Compared to the same period in 2013, June’s export turnovers rose 10.2%, of which the FDI sector (including crude oil) rose 11.9%.
Generally, in six beginning months of the year, export turnovers reached US$ 70.9 billion, grew by 14.9% from the same period last year, of which the domestic economic sector reached US$ 23.1 billion, up to 11.5%; the FDI sector (including crude oil) achieved US$ 47.8 billion, accounted for 67.5% of total turnovers and rose 16.6%.
Export turnover in six beginning months of the year increased highly mainly in the FDI sector with items, which held the large proportion of the total export turnovers of the country’s corresponding items such as telephone and accessories; textile; shoes and sandals; machinery and spare parts; means of transport and supplies; computer and accessories.
About the export market in six months, the EU rose to the leading position with total estimated export turnovers of US$ 13.1 billion, a rise of 12.8% compared to the same period in 2013. The United States ranked the second with US$ 13 billion, a rise of 19.5%. The ASEAN market ranked the third with US$ 9.6 billion, a rise of 4.8%. The next was China with US$ 7.4 billion, a rise of 20.8%. The South Korean market was estimated to reach US$ 2.9 billion, down 3.5%.
Realized import turnovers in May 2014 reached US$ 12.8 billion, rose US$ 377 million from the estimate. Import turnover in June was at an estimate of US$ 12.3 billion, a decrease of 3.7% against the previous month, of which the domestic business sector reached US$ 5.35 billion, fell by 10.1%. Compared to the same period last year, June’s import turnovers rose 14.1%, of which the FDI sector increased by 15.6%; the domestic business sector by 12.1%.
Generally, in six beginning months of the year, import turnovers reached US$ 69.6 billion, rose11% from the similar period in 2013, of which domestic economic sector reached US$ 30.3 billion, grew by 10.3%; the FDI sector gained US$ 39.3 billion, by 11.6%. Import turnovers of the FDI sector increased mainly for items, which took the large proportion of the country’s total import turnovers of corresponding items such as telephone and accessories; fabrics; raw materials for textile, footgear.
About the import market in six beginning months of the year, China was still the largest one with an estimated turnover of US$ 20.4 billion, rose 21.1% compared to the similar period in 2013 (Trade deficit from the Chinese market was estimated to reach US$ 13.1 billion, rose 21.2%). Followings were the ASEAN with US$ 11.2 billion, increased by 5.9%; the South Korea with US$ 10.4 billion, by 4.7%; Japan with US$ 5.6 billion, by 1.5%; the EU with US$ 4.5 billion, reduced by 5%; the United States with US$ 3.2 billion, grew by 24%.
Trade deficit in May gained US$ 369 million, approximately the estimate of US$ 400 million. Trade deficit in June was estimated US$ 200 million. In 6 beginning months of the year, trade surplus was US$ 1.3 billion, of which the FDI sector (including crude oil) had the relatively high trade surplus of US$ 8.5 billion; the domestic economic sector continued to have the trade deficit of US$ 7.2 billion.
4. Price indexes
a. Consumer price indexes (CPI)
June’s CPI went up by 0.3% from the previous month, of which price indexes for the group of medicines and health care service increased by 0.74%; housing and construction materials by 0.61%; foodstuff by 0.54%; drinks and tobacco by 0.30%. Other groups had price indexes increased under the general growth or decreased. CPI in June 2014 grew by 1.38% from December 2013 and by 4.98% from the same period last year. Average CPI in six beginning months of this year rose 4.77% from the figure in the last year’s identical period.
b. Producer price indexes (PPI) and export-import price indexes
In 6 beginning months of this year, PPI for agricultural, forest and fishing products rose 4.53% from the same period in 2013; PPI for industrial products rose 4.13%; price indexes of raw materials and fuels for production rose 3.09%; transport and warehousing charge indexes rose 2.99%; export price indexes rose 1.01%; import price indexes declined by 2.31%.
III. SOCIAL ISSUES
1. Labor and employment
As of July 1, 2014, the labor force within the working age was 47.3 million persons, decreased by 10,200 persons. The number of laborers aged 15 and above working in all economic activities in 6 months was at an estimate of 52.7 million persons, rose 0.3 million ones from the similar period in 2013. The unemployment rate of laborers within the working age in 6 beginning months of the year was 2.14%, of which it was 3.62% for the urban area; 1.47% for the rural area. The underemployment rate of laborers in 6 months was 2.63%, of which it was 1.33% for the urban area; 3.20% for the rural area. The unemployment rate of youths aged 15-24 was 6.32%, of which it was 11.87% for the urban area and 4.54% for the rural area. The unemployment rate of laborers aged 25 and above in 6 months was 1.18%, of which it was 2.23% for the urban area and 0.71% for the rural area.
2. People’s life
Generally, in 6 beginning months of the year, the country had 271,200 households suffering food shortage, reduced by 16.1% from the same period in 2013, corresponding to 1152 thousand hungry persons, decreased by 14.7%. The country’s rate of poor households in 2013 was 9.8%, reduced 1.3 percentage points from 2012.
3. Education and training
According to preliminary reports, there were 910,800 candidates sitting for the 2013-2014 high graduation examination. The rate of high-school graduate students reached 99.02%; the rate of high-school continuing education graduate students reached 89.01%. In 2013-2014 school year, the country had 405,900 university and college graduate students; and 179,600 professional intermediate school graduate students. Total number of newly selected occupational students was 440,300 times of persons since the beginning of the year, gained 25% of the plan, of which 31,400 times of persons were selected for occupational colleges and intermediate schools, achieved 11%; 408,900 times of persons were selected for occupational primary schools, reached 27%.
4. Epidemic diseases
As of June 18, 2014, the country had 31,300 cases of measles suspected cases of roseola infantum with 5,500 positive cases of measles, of which 145 deaths related to measles.
More 1561 HIV-infected cases were found in June, bringing the number of living HIV-infected persons over the country as of June 17, 2014 to 219,100, of which 68,800 cases turned to AIDS. The number of persons died of AIDS over the country as of above period was 71,400.
5. Traffic accidents
In June (from May 16, 2014 to June 15, 2014), the country had 879 cases of the traffic accidents, killing 761 persons and injuring 254 others. Compared to the same period last year, the number of cases of traffic accidents reduced by 3.8%, the number of deaths by 1.8%; the number of injured persons by 57.3%. Generally, in 6 six beginning months of 2014, the country had 5347 cases of traffic accidents, killing 4689 persons and injuring 3147 others. Compared to the similar period in 2013, the number of cases of traffic accidents declined by 3.2%, the number of deaths by 4.6%; the number of injured persons by 9.2%. On average, each day in 6 six months the country had 30 cases of traffic accidents killing 26 persons and injuring 17 others.