According to the data of the Vietnam General statistics office (Vietnam GSO), the manufacturing went up by 10.1%, contributed 7 percentage points to the growth of IPI in the seven months of 2015, the mining and quarrying rose 9.2%, contributed 2 percentage points to the general growth; the power generation and supply grew by 11.5%, contributed 0.8 percentage points; the water supply and waste treatment increased by 7.1%, contributed 0.1 percentage points.
Partly thanks to the improvement of manufacturing sector, export turnovers increased by 9.5% from the same period in 2014 to reach US$92.3, of which the domestic economic sector achieved US$27.6 billion, decreased by 1.7%; the FDI sector (including crude oil) reached US$64.7 billion, grew by 15.1%.
Among manufactured commodites, electronics, computers and components saw the highest growth in export value, 57.8% higher than same period last years, continued by telephone and spare part, with 28.2%, and shoes with 22.3%.
The United States was he biggest market of Vietnam with estimated turnover of US$18.9 billion, a rise of 19.1% compared with the same period in 2014. Export to EU market reached US$17.8 billion, increased by 13.2% while export to ASEAN decreased 2.4% to US$10.7 billion.
Better condition in the industrial production led to the increase in number of laborers working for industrial enterprises, which rose 6.3% over the same period last year, of which the FDI sector put up by 9.9%. The number of laborers working for the mining and quarrying fell by 1.1% from the previous year’s similar period; the manufacturing grew by 7.1%; the power generation and supply by 2.2%; the water supply and waste treatment had stable number of employees compared with the same period in 2014.
Source: Vietnam GSO
Total retail sales of consumer goods and services increased by 9.9%
In seven months, total retail sales of consumer goods and services was estimated to reach 1845.8 trillion dongs, increased by 9.9% from the same period in 2014 (if the factor of inflation were excluded, it would be 8.3%). Of which the state economic sector gained 205.3 trillion dongs, accounted for 11.1% of the total and grew by 14.1%; the non-state economic sector achieved 1579.1 trillion dongs, took 85.6% and by 9.5%; the FDI sector reached 61.4 trillion dongs, took 3.3% and by 7.8% respectively. Consumption index for the whole manufacturing in June 2015 rose 1.7% from the previous month and rose 15.1% from the same period last year. Generally, in six beginning months of the year, consumption index grew by 13.1% from the same period in 2014.
By kinds of economic activity, retail sales of goods in seven months reached 1400.8 trillion dongs, accounted for 75.9% of the total and rose 10.6% against the last year’s similar period; accommodation and catering services gained 215.9 trillion dongs, took 11.7% and rose 7.2%; other services achieved 212.6 trillion dongs, accounted for 11.5% and rose 9.8%; travelling reached 16.5 trillion dongs, represented 0.9% and dropped by 5.1%.
Import turnovers in seven months reached an estimate of US$95.6 billion, rose 16.4% over the last year’s similar period, of which the domestic economic sector gained US$39 billion, 7.9% increase; the FDI sector achieved US$56.6 billion, a rise of 23.1%. Due to higher increase of import value versus export value, estimated trade deficit in seven months was US$3.4 billion, equaled 3.7% of export turnovers, of which the domestic economic sector had a trade deficit of US$11.4 billion; the FDI sector had a trade surplus of US$8 billion
In seven months, China continued to be the largest import market of Vietnam with an estimated import turnover of US$28.8 billion, a growth of 22.5% compared with the similar period last year. Import from South Korea reached US$16.2 billion, up 31.7%; from ASEAN reached US$14.1 billion, up 5.3%.
