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Vietnam’s industry in eight months of 2018 

 Tuesday, September 25,2018

AsemconnectVietnam - Vietnam’s the index of industrial production (IIP) increased by 11.2% in eight months of 2018 over the similar period last year, higher than the growth rate of 8.2% in the same period in 2017, according to the General Statistics Office.

Of which, the manufacturing increased by 13.3%, contributed 10.2 percentage points to the overall growth; the production and distribution of electricity grew by 10.4%, contributed 0.9 percentage point; the water supply and waste treatment increased by 6.5%, contributed 0.1 percentage point; only the mining and quarrying fell by 0.3%, reduced 0.04 percentage point of the general growth.
 
The number of employees working in industrial enterprises as of August 01, 2018 climbed by 3% over the same period last year, of which employees in the State enterprise sector decreased by 0.9%; employees in the non-State enterprise sector grew by 3.2%; and employees in the FDI enterprise sector went up by 3.5%.
 
Business registration situation: Generally, in eight months, the whole country had 87448 enterprises registered for new establishment with a total registered capital of 878.6 trillion dongs, an increase of 2.4% in the number of enterprise and 6.9% rise in the registered capital compared with the same period in 2017.
 
 Average registered capital per newly established enterprise reached 10 billion dongs, up 4.3%. If including 1679.6 trillion dongs of additionally registered capital of the enterprises which changed to raise the capital, the total registered capital added to the economy in eight months of 2018 was 2558.2 trillion dongs. Besides, there were 20942 enterprises returning to operation, a rise of 9.3% over the similar period last year, bringing the total number of newly registered enterprises and re-operated enterprises in eight months of this year to nearly 108.4 thousand enterprises.

Total number of registered laborers of newly established enterprises in eight months of 2018 was 734.7 thousand persons, a decrease of 10.7% against the same period last year. The number of temporarily ceased enterprises in eight months of 2018 was 63235 ones, an increase of 38.1% against the identical period last year, including 21575 enterprises registered for time-limited temporary cessation of business, rising by 25.2% and 41660 enterprises temporarily suspended operation without registering or waiting for dissolution, increasing by 45.9%. 
The number of enterprises which finished the procedure for dissolution in eight months of this year was 9135 ones, an increase of 17.8% from the same period last year, of which there were 8357 enterprises with capital size of less than 10 billion dongs, accounting for 91.5% and growing by 16.9%.
 
 Investment: Generally, in eight months of this year, realized investment capital under the State budget reached 183.6 trillion dongs, equaling 55.2% of the annual plan and increasing by 11.3% against the same period last year (it equaled 53.6% of the yearly plan and grew by 6.4% in 2017’s same period), of which the capital under central management obtained 33.8 trillion dongs, equaling 51.3% of the annual plan and decreasing by 7.6% over the identical period last year; the capital under local management achieved 149.8 trillion dongs, equaling 56.1% of the annual plan and increasing by 16.7% compared with the same period in 2017.
 
From the beginning of the year to August 20, 2018, FDI attracted 1918 newly licensed projects with the total registered capital of US$13481.6 million, an increase of 18.1% in the number of projects and a rise of 0.2% in the registered capital against the similar period in 2017. Besides, there were 736 turns of license-granted projects from previous years registered to adjust investment capital with the additional capital of US$5584.8 million, down 12.8% from the same period last year. Thus, the total of newly registered capital and additional capital in eight months reached US$ 19066.4 million, down 4% from 2017’s same period. Realized FDI capital in eight months of this year was estimated at US$11.25 billion, increasing by 9.2% over the identical period in 2017.  In eight months of 2018, there were 4551 turns of capital contribution and share purchase of foreign investors with a total contributory value of US$5.28 billion, a growth of 50.9% against the same period in 2017, of which 669 turns of capital contribution and share purchase increased the charter capital of enterprises with the contributed capital of US$1.76 billion and 3882 turns of foreign investors bought back domestic shares without increasing charter capital with the value of US$3.52 billion.
 
In the first eight months of the year, 52 provinces and centrally-run cities nationwide received newly licensed foreign direct investment projects from 66 countries and territories.
Vietnam’s direct investment abroad in eight months of this year had 93 projects newly granted the Outward Investment Registration Certificate with Vietnam’s total investment capital of US$271.5 million; 22 capital adjustment projects with additional capital of US$42 million. Generally, Vietnam’s total offshore investment capital (including newly granted and additional capital) in eight months of 2018 gained US$313.5 million.
 
Source: General Statistics Office

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