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National economy shows positive signs in eight months
Vietnam’s economy showed positive signs in the first eight months of this year, with both agricultural and industrial production registering a year-on-year increase of more than 16 percent.
The statistics were released at a meeting on the economic performance of ministries, agencies, localities and corporations, which took place in Hanoi on August 26.
The value of retail sales and services in August rose 2.4 percent from July. As a result, it soared 30 percent against the same period last year in the first eight months of this year.
The export value reached 6.1 billion USD in August, representing a drop of 6.8 percent from July. However, the eight-month figure increased by more than 39 percent to 43.3 billion USD.
The import value surged over 54 percent year-on-year to 59.3 billion USD in the period.
Foreign direct investment reached the record of 47 billion USD in the first eight months of this year, far higher than the level registered last year.
However, participants at the meeting said much remains to be done in the remaining months of the year to further boost economic development. They pointed out various shortcomings that should be overcome, including high trade deficit and complicated happenings on the monetary and stock markets.
In addition, they said, during the period, the country was hit by natural disasters, epidemics and skyrocketing prices of essential commodities.
Deputy Minister of Planning and Investment Cao Viet Sinh said August’s consumer price index rose by 1.56 percent from the previous month, stressing it will no longer increase sharply in the following months.
VNN
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