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Socio-Economic Infor 2012

Socio-economic information in 11 months of 2012
26/12/2012 16:25:00

1. Implementation of prioritized targets of curbing inflation and stabilizing macro economy

- Price and inflation:

The consumer price index (CPI) in November increased by 0.47% compared to October, of which the group of medicines and health service up 5.16% (health service by 6.66%); textiles, footwear up 0.83% while catering service and beverage down 0.08% (foodstuff down 0.21%) and telecommunications down 0.01%.

CPI pace continued to plunge from September’s 2.2% (highest throughout the year) to 0.85% in October and 0.47% in November. November’s CPI witnessed an increase of 6.52% and 7.08% against December and November last year, respectively, but still much lower than CPI growth rates of previous years. CPI of the first 11 months rose 9.43% on average compared to the same period last year.

- Government revenues and expenditures:

The total Government budget collection from the beginning of the year to November 15, 2012 was estimated at VND 593.42 trillion, equaling 80.1% of the whole-year plan (or 98.5% and 97.5% compared to the same periods of 2011 and 2010, respectively). The total expenditure was estimated at over VND 747.2 trillion, equivalent to 82.7% of the year’s target (or 88.1% and 88.7% compared to the same periods of 2011 and 2010, respectively).

- Exports-Imports:

November’s export turnover was estimated at US$10.2 billion, down 1.2% against the previous month; import value was estimated at US$10.25 billion, up 0.8%; trade deficit was US$50 million. So far this year, the total export and import volume reached over US$104 billion (up 18.4% against last year’s same period) and US$103.98 billion (up 6.8% compared to last year’s same period) respectively. Generally, export growth was maintained at high rate. Exports and imports were leveled.

- State-funded investment capital:

As of November 15, the total disbursement volume was at estimated at over VND 144.2 trillion, equivalent to 80.1% of the yearly plan. Domestic credit capital for State investment reached US$18.2 trillion, equivalent to 85.9% of the yearly plan. Disbursed FDI was US$10 billion, equaling 99.5% compared to the same period last year. ODA disbursement was estimated at US$3,560 million (equal to 117% of the yearly plan).

2. Realization of economic growth target

- Industrial production:

November’s Index of Industrial production (IIP) increased by 4.8% and 6.7% compared to October’s and last year’s same period, respectively. Generally, The index climbed by 4.6% in 11 months, equal to nearly 66.7%, specifically, mining sector  up 4%, manufacturing and processing sector up 3.9%, power and gas up 12.4%, water supply and waste treatment up 8.1%.

- Agriculture, forestry and fishery:

Despite lower productivity due to natural calamities, seasonal rice production continued to witness considerable growth. As of November 15th 2012, the country harvested over 1, 4 million hectares, equivalent to 99.7% against last year’s same period. Northern provinces harvested 1,110,600 hectares, up 1.1% as compared to last year’s same period. Provinces in the South cultivated 218,100 hectares of Spring-Winter rice, equivalent to 90.3% against the same period of 2011. Livestock, poultry and catfish farming still faced a hard time due to high costs but low sale prices.

- Service sector maintained remarkable growth:

In the reviewed period, the total retailed sale of goods and services was estimated at nearly VND 2,118 trillion, an increase of 16.4% against the same period last year. International arrivals were estimated to be over 6 billion, up 11.4%. Other services saw positive growth.

3. Social welfare, public health, culture and other social issues

- Job creation:

In the first 11 months of 2012, 1.39 million jobs had been created (equivalent to 86.9% of the yearly plan), of which 72,000 labors were sent abroad, equal to 85% of the yearly plan.

- Traffic accidents:

In the reviewed period, some 9,727 traffic accidents were recorded throughout the country, killing 8,558 persons and injuring 7,022 persons. The number of traffic accident cases dipped by 19.8% compared to the same period last year, the death down 15.5% and the injured down 24.4%./.



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