In 2009, while most of economies worldwide suffered a negative growth rate, Vietnam managed to name itself among few countries attaining a relatively high figure of 5.32%. This basic indicator proves the vigorous recovery of Vietnamese economy.
 |
|
Industrial growth rate of Vietnam is 7.6% in 2009
|
The information was presented in a report made by Minister of Planning and Investment Vo Hong Phuc at the year-end regular meeting of the Government on January 4 and 5.
Industry grew 7.6%
Industrial production recovered quite quickly thanks to great efforts and sound solutions of the Government, and authorities at different levels, especially through providing interest rate subsidies; enlarging domestic market; and launching the “Buy Vietnam” campaign. The industrial production value grew by 7.6% in 2009.
High growth rates were seen in some products, namely air conditioners (41.8%); LPG (39.3%); freezers (29.5%); cement (19.2%); and steel (19.1%).
Food productivity hit record
The total productivity of grainy food crops is estimated to reach 43.33 million tons, including 38.9 million tons of rice, which surpassed the 12-year record high made in 2008 by 0.4%.
 |
|
With a rice productivity of 38.9 million tons in 2009, food security is guaranteed
|
Over 42,800 ha of rubber were planted in northern mountainous provinces, the Central Highlands and the southern province of Binh Phuoc. The figures for tea and coffee were 2,600 ha and 6,100 ha respectively.
Both husbandry and aquaculture were promoted. The number of farms increased by 18% compared with 2008.
Posts and telecommunication revenue up 39.7%
The number of new subscribers last year was 41.7 million, 40.8% higher than 2008. By late December 2009, Vietnam had 123 million phone subscribers, including 18.1 million fixed line phones and 104.9 million cell phones, increasing by 51.3%, 28.4% and 56.1% respectively.
Internet users reached 22.9 million by late December, up 10.3% in comparison to late 2008. The total net revenue from post and telecommunication services is estimated at VND 94.9 trillion, up 39.7%.
Lowest CPI in six years
Consumer price index was quite stable in 2009, increasing over 1% in February and December only. The December index rose up 6.52% against the same period of 2008, much lower than the NA-approved target of 10%.
On average, CPI increased by 6.88% in 2009 compared with 2008, the lowest in the recent 6 years (2004: 7.71%, 2005: 8.29%, 2006: 7.48%, 2007: 8.3%, and 2008: 22.97%).
Export rocketed up at the year end
Due to the shrinkage of the global consumption, many commodities sharply dropped in prices, resulting in the export turnover of nearly US $41.4 billion in the first three quarters, down 14.8% compared with 2008.
However, in the last months, the wind hauled. Exports brought back nearly US $4.7 billion in November and US $5.25 billion in December.
Vietnam’s major exports all increased, in which textiles and apparels went up by US $90 million, rice US $80 million; footwear US $77 million; coffee US $67 million; and crude oil US $33 million./.