Vietnam’s production of industry increased by 7.9% in 9 months of 2017
Thursday, October 12,2017
AsemconnectVietnam - Generally, in nine months of 2017, the index of industrial production (IIP) for the whole industry increased by 7.9% compared to the same period last year, higher than the growth rate of 7.1% in nine months of 2016 and the growth rate of 7.2% in eight months of this year (Of which it went up by 3.9% in the first quarter; 8.1% in the second quarter; 9.7% in the third quarter).
In the industrial sector, the manufacturing grew by 12.8%, this is the highest growth rate of this industry for the past several years, contributed 9 percentage points to the general growth rate; the power generation and distribution climbed by jumped up by 8.9%, contributed 0.6 percentage points; the water supply and waste treatment increased 7.8%, contributed 0.1 percentage points; only the mining and quarrying decreased sharply by 8.1%, made the general growth rate reduce 1.8 percentage points.
Consumption index for the whole manufacturing in eight months of 2017 increased by 9.8% over the identical period in 2016. Stock index for the entire manufacturing as of September 01, 2017 jumped up by 9.9% from the same period last year; average stock rate in eight months was 65.5%.
The number of employees working in industrial enterprises as of September 01, 2017 rose by 4.6% compared to the same period last year, of which employees in the State enterprise sector decreased by 3.6%; employees in the non-State enterprise sector grew by 1.6%, and employees in the FDI enterpsise sector went up by 7.5%.
Business registration situation
Generally, in nine months of this year, the country had 93967 enterprises registered for new establishment with a total registered capital of 902.7 trillion dongs, an increase of 15.4% in the number of enterprise and 43.5% in the registered capital compared to the same period in 2016. The average registered capital per newly established enterprise reached 9.6 billion dongs, up 24.4%.
If including 1241.3 trillion dongs of over 27.5 thousand times of enterprises’ changing to raise the capital, the total of additionally registered capital to the economy in nine months of 2017 was 2144 trillion dongs. Besides, there were 21100 enterprises re-operated, up 2.9% over the similar period last year, bringing the total of enterprises registered for new establishment and enterprises re-operated in nine months to over 115 thousand enterprises. Newly established enterprises’ total registered number of employees in nine months was 886.5 thousand persons, down 4.5% from the same period last year.
If including 1241.3 trillion dongs of over 27.5 thousand times of enterprises’ changing to raise the capital, the total of additionally registered capital to the economy in nine months of 2017 was 2144 trillion dongs. Besides, there were 21100 enterprises re-operated, up 2.9% over the similar period last year, bringing the total of enterprises registered for new establishment and enterprises re-operated in nine months to over 115 thousand enterprises. Newly established enterprises’ total registered number of employees in nine months was 886.5 thousand persons, down 4.5% from the same period last year.
The number of enterprises which finished the procedure for dissolution in nine months of 2017 was 8736 ones, an increase of 4.4% from the same period last year, of which there were 8022 businesses with capital size of less than 10 billion dongs, accounting for 91.8%. The number of enterprises temporarily suspending operations in nine months was 49345 ones, a rise of 9.4% from the identical period last year, including 18499 enterprises registered for time-limited temporary cessation of business, up 13.5% and 30846 enterprises suspended operations without registering or waiting for dissolution, up 7.1%.
Business trends of enterprises
Survey results on business trends of enterprises in the manufacturing and processing industry in the third quarter of 2017 showed that: 41.5% of enterprises rated their business performance in the third quarter of this year better than the previous quarter; 17.9% of businesses rated difficulties and 40.6% of businesses said that their business situation was stable. Expected fourth quarter compared with the third quarter of this year, 52.6% of businesses would rate the trend improved; 11% of businesses forecast more difficulties and 36.4% of businesses say that the business situation will be stable.
The general trend in the fourth quarter of this year, most enterprises forecast business performance is more optimistic than the third quarter, of which 54.2% of enterprises forecast increased production volume; 9.9% of businesses forecast down and 35.9% of businesses forecast stable. Regarding the number of orders, 48.9% of companies expected to increase in orders; 10.4% of businesses are expected to decrease and 40.7% of businesses are expected to stabilize. Related number of export orders is 39.7%; 10.6% and 49.7%. On employment, 19.3% of enterprises are expected to increase the size of their labor; 7.2% of businesses forecast a decline and 73.5% of businesses think that they will stabilize their size.
Source: General Statistics Office
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