The first eight months of 2011 have seen a number of positive signals of the national economy, including high export value, falling deficit and rising foreign arrivals.
The export turnover is poised to reach US $60.8 billion in the reviewed period, or a year-on-year increase of 33.7%. It is estimated that the country’s export revenue would reach US $89 billion this year, far above the record of US $72.2 billion in 2010.
High export value helped pushed trade deficit to US $6.21 billion in the first eight months compared to US $7.96 billion of the same period last year. This, along side with measures for anti-dollarization, contributed to stabilize the exchange rate and foreign currency reserve.
Growth was recorded in various commodities. At least ten export items fetched revenue of US $1 billion each.
Industrial production continued growing against the same period last year, making it the locomotive of the economy while manufacturing and processing industry posted double-digit growth of 10.7%, according to the Việt Nam Statistics Office.
Another signal is FDI disbursement rate, reaching US $7.3 billion. It is likely to gain realized FDI capital of over US$11 billion in 2011.
The FDI inflow, though fell down by 26%, mainly went to processing and manufacturing industry, followed by production and distribution of electricity and water.
The country is estimated to receive nearly 4 million foreign visitors in the first 8 months of this year, up 18.4%. Over 5.9 million turns of international arrivals are expected in 2011./.