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VIETNAM’S TARGETED ECONOMIC ACHIEVEMENT FOR 2014

Target

Estimated  Achievement
For 2013

Proposed Target
for 2014

GDP

5.4%

5.8%

Export Turnover

14.4%

10%

Trade gap / Export Turnover

0.4%

4%

Invested Capital for Development / GDP

29.1%

30%

Inflation

7%

7%

Jobs (Million labors)

1.54

1.6

(Source: National Assembly)

VIETNAM’S ECONOMIC STATUS FOR 10 MONTHS OF 2013

* Investment
Generally, ten months’ realized investment capital from the state budget reached 163.3 trillion dong, equaling 80.7% of the annual plan and declined 1.3% from the same period in 2012. Of which, capital under central management reached 33.6 trillion dong, equaling 83.8% of the yearly plan and reduced 17.4% from the identical period in 2012; capital under local management attained 129.7 trillion dong, equaling 79.9% of the annual plan and rose 4%.

From the beginning of the year to 20/10/2013, 1,050 projects were newly licensed with capital of US$ 13.1 billion, equaled 100% of projects and grew by 79% of capital against the figures in 2012’s the same period. 393 times of licensed projects from previous years ware allotted additional capital in the year with US$ 6.1 billion. Therefore, the total registered capital of both newly and additionally financed projects was US$ 19.2 billion, rose 65.5% from the identical period of last year.

Estimated realized FDI in ten months of 2013 reached US$9.6 billion, rose 6.4% from the figures in the same period last year.

Ten months’ FDI mainly focused on  the manufacturing with US$ 14.9 billion, accounted for 77.6% of total registered capital; power generation & supply, gas, air ventilation, warming and steaming water US$2 billion, accounted for 10.6%; other industries US$2.3 billion, represented 11.8%. In ten months, there were 49 provinces and cities with newly licensed projects from 48 countries and territories.

* Vietnam Exports - Imports
Ten months’ estimated export turnovers achieved US$108 billion, up 15.2% from the same period last year, of which the domestic economic sector reached US$35.9 billion, up 3%; the FDI sector (including crude oil) reached US$72.1 billion, up 22.3%.

Estimated export turnovers in ten months reached US$ 108.2 billion, rose 15.2 percent from the last year’ same period, of which the domestic economic sector reached US$  46.2 billion, up to 3.5%; the FDI sector US$ 62 billion grew by 25.7%.

In nine months of this year, realized trade surplus was US$ 13 million; October’s trade deficit was at an estimation of US$ 200 million. Generally, ten months‘ trade deficit was US$ 187 million, equaling 0.2% of total export turnovers, of which it was US$ 10.3 billion for the home economic sector; the FDI sector had the trade surplus of US$ 10.1 billion.

(Vietnam’s General Statistics Office)
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