GDP in the first quarter of 2019 was estimated to increase by 6,76% over the same period last year, the agriculture, forestry and fishery sector went up by 2,39%, contributing 6% to the overall growth rate; the industry and construction sector moved up by 8,93%, contributing 51,8%; the service sector expanded by 6,69%, contributing 42,2%.
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%.
In the first six months of this year, the whole country had 67 enterprises registered for new establishment with a total registered capital of 860.2 trillion dongs, up 3.8% in the number of enterprise and 32.5 rise in the registered capital compared with the same period in 2018; Average registered capital per newly establishedenterprise reached 12.8 billion dongs, tăng 27.7%.
Survey results on business trends of enterprises in the manufacturing industry in the first half of 2019, processing by GSO, showed that:
- 45.2% of enterprises rated their business performance in the first half of this year better than the previous quarter;
- 16.5% of enterprises pointed to difficulties
- 38.3% of enterprises said that their business and production situation was stable.
Expected the third Quarter compared with the second Quarter of this year,
- 52% of enterprises rated the trend would be improved ;
- 11.4% of enterprises forecasted more difficulties;
- 36.6% of businesses thought that the business and production situation would be stable.
From the beginning of the year to June 20, 2018, FDI attracted 1,723 newly licensed projects with the total registered capital of US$7,411.8 million. the total of newly registered capital and additional capital in six months reached US$10,347.2 million, down 36.3% from 2017’s same period 2018. Realized FDI capital in the first half of 2019 was estimated at US$ 9.1 billion, ncreasing by 8.1% over the identical period in 2018.
The total import-export turnover in the first 6 months of 2019 is estimated at USD245.48 billion, the highest level of 6 months ever. It is noteworthy that fruit and vegetable export turnover has a good signal when reaching over USD 2 billion in the first 6 months.
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.
Average CPI in the first six months of 2019 increased by 2.64% compared with the same period in 2018 due to some following main reasons:
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
In the first 6 months of 2019,
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%;...
Merchandize export price index in the first six months of the year increased by 2.77% over the same period in 2018; Merchandize import price index jumped up by 0.95%; Merchandize term of trade in six months of this year grew by 1.79% against the similar period in 2018; of which Merchandize term of trade of timber and wood products increased by 10.91%; rubber increased by 7.37%; all kinds of petrol and oil increased by 6.79%; iron and steel increased by 6.13%; chemicals reduced 3.95%; seafood decreased 3.75%; computers, electronic products and components decreased by 2.37%.