Friday, July 19,2019 - 19:34 GMT+7  Việt Nam EngLish 

Vietnam’s index of industrial production up 9.4% in first five months of 2019 

 Saturday, June 15,2019

AsemconnectVietnam - Vietnam’s index of industrial production (IIP) was estimated to increase by 4.6% in May 2019 from the last month and by 10% compared to the same period last year according to General Statistics Office.

Generally for the first five months of 2019, IIP was estimated to put up by 9.4% over the similar period last year, lower than the growth rate of 10.3% in the identical period in 2018 and higher than the increase rate of 7.4% and 6.6% in the same period in 2016 and 2017, respectively.
The number of employees working in industrial enterprises as of May 01, 2019 climbed by 1.4% over the same period last month and by 2.2% against the similar period last year, of which employees in the State enterprise sector decreased by 0.9%; employees in the non-State enterprise sector grew by 1.3%; and employees in the FDI enterprise sector went up by 3.1%.
 Business registration situation
Generally for the first five months of this year, the whole country had nearly 54 thousand enterprises  registered for new establishment with a total registered capital of 669.7 trillion dongs, a rise of 3.2% in the number of enterprise and an increase of 29.6% in the registered capital compared with the same period in 2018. Average registered capital per newly established enterprise reached 12.4 billion dongs, up 25.6%. Total registered capital added to the economy in five months of 2019 was 1,657.1 trillion dongs, including 987.4 trillion dongs of the additional  capital of enterprises increasing their capital. In addition, there were 19.6 thousand enterprises returning to operation, a rise of 48.1% over the similar period last year, bringing the total number of newly registered enterprises and re-operated enterprises in five months to over 73.6 thousand enterprises. Total number of registered employees of the newly established enterprises in the first five months of this year was 537.1 thousand persons, a rise of 30.2% against the same period last year.
The number of temporarily ceased enterprises with a certain time in the first five months of this year was 19.1 thousand ones, an increase of 19.4% against the identical period last year. In the first five months of this year, 19,354 enterprises suspended operation waiting for dissolution procedures, of which 9,522 enterprises have their business registration certificates revoked under the 2018 data standardization program, accounting for 49.2% of the total enterprises suspended their operation to wait for completing dissolution procedures; the number of enterprises which announced their dissolution was 5,234 ones, accounting for 27% and 4,598 ones are waiting for dissolution procedures, accounting for 23.8%.
The number of enterprises which completed dissolution procedures in the first five months of 2019 was 6,371 ones, a rise of 15.1% over the same period last year, of which 5,755 ones had the capital size of less than 10 billion dongs (accounting for 90.3% of the total enterprises which completed dissolution procedures), an increase of 13.7%.
 Investment
Total realized investment capital under the State budget achieved 99.5 trillion dongs in first five years of this year, equaling 28.9% of the annual plan and increasing by 3.1% against the similar period last year (it equaled 27.4% and rose by 9.3% in the same period last year), of which the capital under central management obtained 12.3 trillion dongs, equaling 26.5% of the annual plan and decreasing by 29.8% from the similar period last year; the capital under local management reached 87.2 trillion dongs, equaling 29.2% of the annual plan and increasing by 10.3% compared with the identical period in 2018.
From the beginning of the year to May 20, 2019, FDI attracted 1,363 newly licensed projects with the total registered capital of US$6,457.9 million, an increase of 26.7% in the number of projects and 38.7% in the registered capital against the similar period in 2018. In addition, there were 505 turns of license-granted projects from previous years registered to adjust investment capital with the additional capital of US$ 2,628.8 million, a rise of 5.5% from the same period last year. Thus the total of newly registered capital and additional capital in the first five months of the year reached US$9,086.7 million, increasing by 27.1% from 2018’s same period. Realized FDI capital in the first five months of 2019 was estimated at US$7.3 billion, increasing by 7.8% over the identical period in 2018.  In five months, there were 3,160 turns of capital contribution and share purchase of foreign investors with a total contributory value of US$7.65 billion, 2.8 times as high as that in 2018’s same period, of which 614 turns of capital contribution and share purchase increased the charter capital of enterprises with the contributed capital of US$5.33 billion and 2,546 turns of foreign investors bought back domestic shares without increasing charter capital with the value of US$ 2.32 billion.
In the first five months of the year, there were 46 provinces and centrally-run cities that received newly licensed foreign direct investment projects from 59 countries and territories.
Vietnam’s direct investment abroad in the first five months of 2019 had 55 projects newly granted the Outward Investment Registration Certificate with Vietnam’s total investment capital of US$98.3 million; 14 projects adjusting the capital with additional capital of US$84.8 million. Generally, Vietnam’s total offshore investment capital (including newly granted and additional capital) in five months of 2019 gained US$183.1 million.
Source: Vitic/General Statistics office

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