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| The economy continues to maintain a positive trend. (Photo: HNV) |
According to the Socio-Economic Situation Report for July and 7 months of 2024 just announced by the General Statistics Office, regarding agricultural production, as of July 15, 2024, the whole country had planted 1,206.9 thousand hectares of winter-spring rice, equal to 99.5% of the same period in 2023; by mid-July, the whole country had planted 1,902.2 thousand hectares of summer-autumn rice, equal to 99.6% of the same period in 2023. Although buffalo and cattle farming tended to decrease in the month, pig and poultry farming developed stably. Regarding forestry, the area of newly planted forests nationwide in July is estimated at 13.8 thousand hectares, up 6.9% over the same period in 2023. In the first 7 months of 2024, the area of newly planted forests is estimated at 143.4 thousand hectares, up 4.6% over the same period in 2023. Regarding aquaculture, the aquaculture output in July is estimated at 841.1 thousand tons, up 2.2% over the same period in 2023. In the first 7 months of 2024, the aquaculture output is estimated at 5,225.8 thousand tons, up 2.6% over the same period in 2023.
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| Agricultural production infographic (Source: General Statistics Office) |
According to the General Statistics Office, industrial production maintained positive growth momentum. Specifically, the index of industrial production (IIP) in July is estimated to increase by 0.7% over the previous month and by 11.2% over the same period in 2023. In the first 7 months of 2024, the IIP is estimated to increase by 8.5% over the same period in 2023. The index of industrial production in the past 7 months compared to the same period in 2023 increased in 60 localities and decreased in 03 localities nationwide. The number of employees working in industrial enterprises as of July 1, 2024 increased by 0.9% over the same period last month and increased by 3.3% over the same period in 2023.
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| Infographic on industrial production, business registration situation, investment activities (Source: General Statistics Office) |
Notably, in July, the whole country had 14.7 thousand newly established enterprises, down 6.3% compared to June 2024 and up 7.3% compared to the same period in 2023. In addition, the whole country also had more than 6.8 thousand enterprises returning to operation, up 26.2% compared to the previous month and down 0.7% compared to the same period in 2023. In the first 7 months of 2024, the whole country had about 139.5 thousand newly registered enterprises and returning to operation, up 5.8% compared to the same period in 2023; on average, there were more than 19.9 thousand newly established enterprises and returning to operation per month.
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| Infographic of total retail sales of consumer goods and services, import and export and price index (Source: General Statistics Office) |
Investment capital from the State budget continues to be promoted by ministries, branches and localities. Investment capital realized from the State budget in July is estimated at VND 57.6 trillion, up 8.2% over the previous month and down 1.6% over the same period in 2023. In the first 7 months of 2024, investment capital realized from the State budget is estimated at VND 301.5 trillion, equal to 40.6% of the annual plan and up 2.3% over the same period in 2023. Total foreign investment capital registered in Vietnam as of July 20, 2024, including: Newly registered capital, adjusted registered capital and capital contribution value, share purchase of foreign investors reached more than 18 billion USD, up 10.9% over the same period in 2023. Foreign direct investment capital realized in Vietnam in the first 7 months of 2024 is estimated at 12.55 billion USD, up 8.4% over the same period in 2023. Investment of In the first 7 months of 2024, 64 projects were newly granted investment certificates with a total capital of 122 million USD from Vietnam, down 18.2% compared to the same period in 2023; 15 projects adjusted their capital with an increase of 28.6 million USD, down 83.3%. In the first 7 months of 2024, Vietnam's total investment capital abroad (newly granted and adjusted capital) reached 150.7 million USD, down 53% compared to the same period in 2023.
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| Infographic of passenger and cargo transport, international visitors to Vietnam, some social situations (Source: General Statistics Office) |
Statistics also show that the total retail sales of goods and consumer services revenue at current prices in July are estimated at VND 528.3 trillion, up 9.4% over the same period in 2023. In the first 7 months of 2024, the total retail sales of goods and consumer services revenue at current prices are estimated at VND 3,625.7 trillion, up 8.7% over the same period in 2023. In July, the total export and import turnover of goods is estimated at 69.72 billion USD, up 8.7% over the previous month and up 21.8% over the same period in 2023. Of which, the export turnover of goods in July is estimated at 35.92 billion USD, up 6.7% over the previous month and up 19.1% over the same period in 2023. In the first 7 months of 2024, the export turnover of goods is estimated at 226.98 billion USD, up 15.7% over the same period in 2023. Regarding the structure of export goods in the first 7 months of 2024, the processed industrial goods group is estimated to reach 199.94 billion USD, accounting for 88.1%.
The import turnover of goods in July is estimated at 33.8 billion USD, up 11% over the previous month and up 24.7% over the same period in 2023. In the first 7 months of 2024, the import turnover of goods is estimated at 212.9 billion USD, up 18.5% over the same period in 2023. Regarding the structure of imported goods in the first 7 months of 2024, the group of production materials is estimated at 199.88 billion USD, accounting for 93.9%.
Regarding the import and export market of goods in the first 7 months of 2024, the United States is Vietnam's largest export market with an estimated turnover of 66.1 billion USD. China is Vietnam's largest import market with an estimated turnover of 79.2 billion USD.
The trade balance of goods in July is estimated to have a trade surplus of 2.12 billion USD. In the first 7 months of 2024, the trade balance of goods is estimated to have a trade surplus of 14.08 billion USD (the same period in 2023 had a trade surplus of 16.5 billion USD).
Another positive signal is that thanks to favorable visa policies and tourism promotion programs in 2024 promoted by localities across the country, the number of international visitors to Vietnam has increased quite a lot compared to the same period in 2023. Accordingly, in July, international visitors to Vietnam reached 1.15 million, an increase of 10.9% over the same period in 2023. In the first 7 months of 2024, international visitors to our country reached nearly 10 million, an increase of 51.0% over the same period in 2023 and an increase of 1.9% over the same period in 2019 - the year when the COVID-19 pandemic did not occur.
In addition, the General Statistics Office also compiled some information on the social situation, in which social security work has always been implemented promptly and effectively by all levels and sectors, notably the policy of increasing the basic salary implemented from July 1, 2024. The policy of giving gifts of gratitude on the occasion of the 77th anniversary of War Invalids and Martyrs Day includes two gift levels of 600,000 VND and 300,000 VND/gift for each specific subject. According to a report from the Ministry of Labor, War Invalids and Social Affairs, in the first 7 months of this year, the Government, ministries, sectors and localities have supported people with more than 21.3 thousand tons of rice.
All the above information and figures are compiled from basic reporting sources, based on actual developments, demonstrating the maintenance of a positive trend in the face of difficulties since the beginning of 2024, serving as a basis and foundation for us to believe that the goal by the end of 2024 can be achieved./.
Source: https://dangcongsan.vn/kinh-te/kinh-te-7-thang-duy-tri-xu-huong-tich-cuc-673946.html
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