Vietnam’s industry continued to grow in the first five months of 2018
Monday, June 11,2018AsemconnectVietnam - Vietnam’s the index of industrial production for the whole industry increased by 9.7% in the first five months of 2018, higher than the growth rate of 6.6% in the same period in 2017according to the General Statistics Office.
The number of employees working in industrial enterprises as of May 01, 2018 climbed by 3.8% compared to the same period last year, of which employees in the State enterprise sector decreased by 0.4%; employees in the non-State enterprise sector grew by 4.3%; and employees in the FDI enterprise sector went up by 4.2%.
Generally, in the first five months of this year, the whole country had 52322 enterprises registered for new establishment with a total registered capital of 516.9 trillion dongs, an increase of 3.5% in the number of enterprise and 6.4% rise in the registered capital compared to the same period in 2017. Average registered capital per newly established enterprise reached 9.9 billion dongs, up 2.8%. If including 902.2 trillion dongs of additionally registered capital of the enterprises which changed to raise the capital, the total registered capital added to the economy in five months of 2018 was 1419.1 trillion dongs. Besides, there were 13267 enterprises returning to operation, down 1.4% over the similar period last year, bringing the total number of newly registered enterprises and re-operated enterprises in the first five months of this year to nearly 65.6 thousand enterprises. Total number of registered laborers of newly established enterprises in the first five months of 2018 was 412.6 thousand people, a decrease of 20.9% against the same period last year.
The number of temporarily ceased enterprises in the first five months of 2018 was 33399 ones, an increase of 3.9% against the identical period last year, including 15974 enterprises registered for time-limited temporary cessation of business, rising by 24% and 17425 enterprises temporarily suspended operation without registering or waiting for dissolution, falling by 9.5%. The number of enterprises which finished the procedure for dissolution in five beginning months of 2018 was 5533 ones, an increase of 18.1% from the same period last year, of which there were 5061 enterprises with capital size of less than 10 billion dongs, accounting for 91.5% and growing by 17%.
Generally, in the first five months of the year, realized investment capital under the State budget reached 96.1 trillion dongs, equalling 28.4% of the annual plan and up 8.8% against the same period last year (it equalled 28.7% of the yearly plan and grew by 5.5% in 2017’s same period), of which the capital under central management obtained 17.7 trillion dongs, equalling 26.8% of the annual plan and a decline of 6.5% over the identical period last year; the capital under local management achieved 78.4 trillion dongs, equalling 28.8% of the annual plan and increasing by 12.9% compared to the same period in 2017.
From the beginning of the year to May 20, 2018, FDI attracted 1076 newly licensed projects with the total registered capital of US$ 4657.4 million, an increase of 14.6% in the number of projects and a decrease of 16.8% in the registered capital against the similar period in 2017. Besides, there were 393 turns of license-granted projects from previous years registered to adjust investment capital with the additional capital of US$ 2492.7 million, down 47.4% from the same period last year. Thus, the total of newly registered capital and additional capital in five months reached US$ 7150.1 million, down 30.8% from 2017’s same period.
Realized FDI capital in the first five months of the year was estimated at US$ 6.75 billion, increasing by 9.8% over the identical period in 2017. In the first five months of 2018, there were 2341 turns of capital contribution and share purchase of foreign investors with a total capital contribution of US$ 2.75 billion, a growth of 53.5% against the same period in 2017, of which 1117 turns of capital contribution and share purchase increased the charter capital of enterprises with the contributed capital of US$ 1.58 billion and 1224 turns of foreign investors bought back domestic shares without increasing charter capital with the value of US$ 1.17 billion.43 provinces and centrally-run cities nationwide had newly licensed foreign direct investment projects from 50 countries and territories.
Generally, Vietnam’s total outward foreign direct investment capital (newly-granted and additional capital), in the first five months of 2018 achieved US$ 184.7 million, of which the field of finance and banking reached US$ 105.8 million, accounting for 57.3% of the total investment capital; the field of manufacturing gained US$ 25.4 million, accounting for 13.7%; the field of agriculture, forestry and fishery obtained US$ 21 million, accounting for 11.4%. In five months, there were 24 countries and territories receiving Vietnam’s investment, of which Laos accounted for 43.4% of the total investment capital; Cambodia accounted for 17.5%; Cuba accounted for 10.8%.
Source: General Statistics office
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