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T he Government summons its September regular meeting in Hà Nội on September 30 and October 01, 2009 - Photo: VGP
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A brighter economic panorama
Over the past time, Việt Nam’s economy has seen clear signs of recovery.
Effective measures to stabilize macro-economy and simplify administrative reforms have helped to consolidate investors’ confidence. Through investment stimulating policies, funds for development, especially those from State sector, have increased in number.
Recently, the securities market has gradually rebounded with VN–Index now oscillating around 580 points.
The export of agro-products, crude oil, gemstones, and coals is increasing while import is strictly controlled to narrow the trade gap.
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Socio-economic situations in September and first nine months, 2009
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September
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First nine months
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- GDP growth rate
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+4.56% (Q1: 3.14%, Q2: 4.46%, and Q3: 5.76%)
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- Industrial production value
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VND 63.3 trillion, up 13.8% against the same period of 2008
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- Total circulation of goods and services
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Up 18.6% against the same period of 2008
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- Number of newly registered enterprises
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62,000, up 26% against the same period of 2008
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- Total development investment capital
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VND 483.2 trillion, up 14.4%,
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- FDI capital
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About US $7.2 billion
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- Credit disbursement
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VND 18.8 trillion
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- Surplus of import over export
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US $6.54 billion
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- Job generation
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130,000
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Presiding over the Government’s September regular meeting in Hà Nội on September 30 and October 01, 2009, PM Nguyễn Tấn Dũng says that a GDP growth rate of over 6.8% in Q4 so as to obtain the set target of 5% in 2009 - Photo: VGP
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Q4: GDP growth rate of over 6.8%
PM Nguyễn Tấn Dũng frankly pointed out that the growth rates of the national economy in general and of different sectors are in fact lower than those in the same period last year.
He asked ministries, sectors and local governments to realize policies and take necessary measures to maintain the growth momentum, macro-economic stability and social security.
To obtain a whole-year GDP growth rate of over 5% this year, he noted, an increase of 6.8% must be made in the last quarter.
He underlined the need to mobilize internal strengths and potentials, exploit domestic market, and create best conditions for the development of industry, business and services.
The Government chief also called on competent agencies to focus on mitigating consequences of tropical storm Ketsana which has recently ravaged the Central region.
The Cabinet also spent time to discuss the Bill on Food Safety and a draft decree instructing the enforcement of the Law on Bidding.
By Xuân Hồng
