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GDP growth rate, Export and Import Value by quarter in 2014 and 9 months of 2015

11/11/2015

By the end of the 3rd quarter of 2015, most of the total trade turnover with global trading partners experienced 2 digit growth as compared to the same period of 2014, (except for the Oceania, down 14.4%), out of which the America enjoyed the highest growth (up 22.1%) followed by the Africa (up 17.5%).

Asia was on the top of the list, accounting for 65.4% of the trade turnover in the first 9 months of 2015, equivalent to 159.92 billion USD, up 11.2% as compared to the same period of 2014, followed by the America, with trade value of 41.25 billion USD; the EU with 34.73 billion USD of trade value, up 11.3%; the Oceania with 4.43 billion USD; the Africa with 4.12 billion USD. 

Statistics also shows that the FDI sector still contributes the most part to the increase in the total trade turnover and continues to take the lead.  Out of the 244.46 billion USD trade turnover in the first 9 months of 2015, the FDI sector contributed 155.34 billion USD, up 20.8% (equivalent to 26.8 billion USD) as compared to the same period of 2014; of which, export value was 81.95 billion USD, up 20.8% and import value was 73.4 billion USD, up 20.8%.

The public sector, meanwhile contributed only 89.12 billion USD, hardly any changes since last year's figures; of which the export value was 38.3 billion USD, down 9.5% and import value was 50.58 billion USD, up 8.8% as compared to the same period of 2014.

With the above-mentioned statistics, the percentage of trade by the FDI sector out of the total trade turnover has been increasingly dominant. Out of the key high-valued export products which are electric products, garment and textile, assorted footwear, FDI sector contributes 100% as for telephone and spare-parts; nearly 100% as for computer and electrical devices; approximately 60% as for garment and textile; and 80% of the footwear.

Similarly, with key import products, the FDI sector occupied more than 90% of the imported electric products and spare-parts; 60% of imported machineries, devices, spare-parts; 80% of imported telephones and spare-parts; 90% of imported assorted garments...

According to the statistics of the Foreign Investment Department (Ministry of Planning and Investment), by September 20, 2015, there were 1.432 projects receive permits with the total registered investment of 11.03 billion USD, up 44.5% as compared to the same period of 2014.

Besides, nationwide, there have been 461 projects registered for increasing the investment capital with the total additional registered capital of 6.11 billion USD, up 72.6% as compared to the same period of 2014.

The Foreign Investment Department indicated that the first 9 months of 2015 witnessed a sudden increase in FDI as compared to the same period of 2014 due to the fact that several capital intensive projects have been granted with permits in August and September, such as: Duyen Hai 2 Thermal Power Plant with the total capital of 2.4 billion USD by Malaysian investor in Tra Vinh, Samsung Display company between Vietnam and Korea with the total additional capital registered of 3 billion USD, located at Bac Ninh Industrial Park.

There have been 58 nations and territories investing in Vietnam in the first 9 months of 2015. Korea took the lead with the total newly registered capital and additional registered capital of 5.74 billion USD, accounting for 33.5% of the total FDI in Vietnam. Malaysia followed at the 2nd place with the total capital of 2.4 billion USD, accounting for 14.6% FDI, the UK ranked 3rd  with 19 newly registered projects and 2 additional registered projects, totaled at 1.27 billion USD, accounting for 7.4% of the total FDI, the British Virgin Island was in the 4th place with total newly and additionally registered capital of 1.13 billion USD, accounting for 6.6% of the total FDI.

In interpreting the sudden increase in the amount of FDI and the FDI reimbursement as compared to the same period of last year, the Department shared that in August and September, such as: Duyen Hai 2 Thermal Power Plant with the total capital of 2.4 billion USD by Malaysian investor in Tra Vinh, Samsung Display company between Vietnam and Korea with the total additional capital registered of 3 billion USD, located at Bac Ninh Industrial Park. With this, Bac Ninh takes the lead in attracting FDI in the first 9 months of 2015 and Tra Vinh climb to the 3rd place from the 19th, behind HCM city.

According to some economists, these have been positive change of the economy. Foreign investors' confidence has been increasing thanks to the strong commitment of the Vietnamese Government to deeply and intensively economic integration through various bilateral and multilateral free trade agreements which are already been signed, in the process of negotiation and about to take effect; accompanied with the efforts in institutional reform and investment environment improvement. With the achievements in the first 9 months of 2015, the goal of attracting 12 billion USD of FDI is likely to be realized.

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