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What in the overview of the seven-month economy is noticeable?

VietNamNet Bridge - The salient features of the economic situation in July and in the first seven months are industry production values, foreign invested capital, and domestic consumption – all showed increases. The increase in the rate of the consumption price seems to be on the rise and the excess of imports over exports rate reached 77.7 percent. The production value of the whole of the industry field in July increased more than that of the previous month, reaching 17 percent in seven months. The state-owned enterprise area increased 9.7 percent in the first seven months. Of this, the central state-owned area posted a rise of 12.2 percent and the local state-owned area, 4.4 percent. The non-state-owned area increased 20.4 percent. The FDI area increased 18.9 percent. This tendency occurred in industry in some areas and in some major industrial products. Foreign investment capital showed increases in three areas – FDI, ODA, and FII. The newly-registered capital reached more than 2 billion USD in July, raising the figure in the first seven months to 6.37 billion USD, an increase of 54.8 percent against the same period last year. The additional registered capital reached 5 million USD, raising the figure to 1.1 billion USD in the first seven months, up 26 percent year on year. Both new and additional registered capital in seven months achieved about 7.4 billion USD, an increase of 49.8 percent against the same period last year. This is a positive sign to reach the yearly target of attracting more than 12 billion USD of registered capital and 4.5 billion USD of implemented capital, marking a highest-ever recorded rate. Domestic consumption continued to rise. The total of retail commodity and service turnover reached an estimated 394 trillion VND. Of this, the tourism service rose to 44.7 percent and other services marked a higher increase of 35.7 percent against the common rate of 23.1 percent. Export turnover reached nearly 26.8 billion USD in the first seven months, up 19.6 year-on-year. Many major commodities for export increased 20 percent against the same period last year. Of these, the seven commodities posting over 1 billion USD are crude oil, garments and textiles, footwear, coffee, wooden products, fishery products, and electronic products (computer). Rice is enjoying a quick growth with 904 million USD in seven months and will likely reach more than 1 billion USD by the end of this year. An excess of imports over exports in seven month went up to 5,453 million USD, a 29.8 percent increase year on year, higher than that of export turnover of 19.6 percent.
(Source: TBKTVN)

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