1. Gross Domestic Products (GDP) Growth
In terms of GDP use in the first half of 2019, final consumption increased by 7,05% from the same period in 2018; accumulated assets grew by 7,12%; export of goods and services expanded by 7,06%; import of goods and services moved up by 7,98%.
2. Business registration situation
Survey results on business trends of enterprises in the manufacturing industry in the first half of 2019, processing by GSO, showed that:
3. Foreign Direct Investment
4. Exports and imports of goods, services
There are 22 commodities with export turnover of over 1 billion USD, accounting for 86.9% of total export turnover. However, export turnover of some main commodities come from FDI companies, of which: Telephone, mobile phone and part thereof accounts for 97.5%; Computer, electrical products, spare-parts and component thereof accounts for 91.2%; footwear accounts for 77.5%; Textiles and leathers accounts for 60%.
In the first half of the year, Vietnam has trade deficit of USD34 million (equal to 0.03% of total 6-month export turnover), of which the domestic economic sector has trade deficit of USD15.72 billion; the FDI sector (including crude oil) has trade surplus of USD15.68 billion.
The service export turnover is estimated to reach USD7.9 billion USD, up 6.2% over the same period in 2018, in which tourism services reached USD5.6 billion (accounting for 69.9% of total turnover), up 7.8%; transportation services reached 1.5 billion USD (accounting for 18.5%), up 2.2%.
Service trade deficit in the first 6 months of 2019 was 1.3 billion USD, equal to 15.9% of service export turnover.
5. Consumer price indexes (CPI)
Food prices increased by 5.4% over the same period last year, of which pork prices increased by 14.85% (making CPI increase by 0.62%); drinks and cigarettes by 1.81%; ready-made clothes increased by 1.68%; public transport services increased by 3.45%; Package travel increased 3.31%.
Prices of housing maintenance materials increased 1.99% over the same period last year due to increased construction demand along with rising prices of cement, iron, steel and construction labor.
The price of textbooks for the 2019-2020 school year increased from April 2019 as the stationery price index increased by 2.57% over the same period in 2018.
The adjustment of domestic electricity prices according to Decision No. 648 / QD-BCT dated March 20, 2019 of the Ministry of Industry and Trade makes the electricity price of the first 6 months of 2019 increase by 5.84% compared to the same period in 2018.
Average core inflation in the first six months of 2019 rose by 1.87% compared with the corresponding period in 2018
6. Producer price indexes (PPI)
PPI for agricultural, forestry and fishery products increased by 2.29% compared to the same period in 2018, of which PPI for agricultural products increased by 2.25% ; forestry increased by 3.84%; fishery increased by 2.24%.
PPI for industry grew by 1.86% compared to the same period in 2018, of which PPI for mining products decreased by 0.82%, manufacturing products up 1.43%,...
PPI for services moved up by 3.37%: Transportation and warehouse charge index increased by 3.96%; training and education grew by 7.52%;...