VIETNAM MARKET
Vietnam’s total export turnover is increase by 9 percent to reach US$ 61.7 billion and 8 percent to hit US$ 66.6 billion next year. Despite the impact of the global economic downturn in 2009, the Vietnamese economy is gradually bouncing back. The GDP growth rate in the second quarter of this year rose nearly 6 percent over the same period last year and industrial production jumped by more than 13 percent.

According to the International Monetary Fund (IMF), the global GDP will increase by 4.2 percent this year and 4.3 percent next year, and Vietnam’s GDP will rise from 6-6.5 percent.
Vietnam’s export turnover to Asia and the US will also account for 50 percent and 23 percent, respectively of the country’s total annual export value.
(Source: Vietnam Business News)
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INVESTMENT
The general realized investment capital from the state budget in 11 months was 131.1 trillion VND, equaling 102.2% of the yearly estimate, of which, capital under central management was 38.3 trillion dongs, equal to 94%; and capital under local management 92.8 trillion dongs, equal to 106% of the yearly plan [1].

The attracted FDI from the beginning of the year to 20/11/2010 was at an estimate of 13.3 billion USD, equal to 60% compared to that in the same period in 2009. Of which, the registered capital of 833 newly licensed projects was USD 12.1 billion (decreased by 20.4% by the number of projects and by 26.3% by the capital as compared with the same period last year); the additional registered capital of 210 times of projects licensed from previous years was USD 1.2 billion. The realised FDI in 11 months was estimated at nearly USD 10 billion, up by 9.9% as against the same period last year.

In 11 months of this year, the manufacturing area was still the strong point for attracting foreign investors to Viet Nam with a registered amount of 4.4 billion USD, of which 3.5 billion USD was of 334 newly licensed projects and 907.1 million USD was additional capital. The area of production and supply of electricity, gas and water had 6 newly licensed projects with a registered amount of 2.9 billion USD .

ECONOMIC INDICATORS

2010

2011

- GDP growth rate: 6.7% - Per capita GDP: US $1,160 - Development investment capital: up 12.9% against 2009 and equivalent to 41% of GDP - State budget collection: 12.7% higher than the estimate and 17.6% higher than 2009 - State budget spending: 70% (by late September) - Total export turnover: up 19.1%, tripling the plan - Total import turnover: up 16.5% - Excess of imports over exports: US $13.5 billion, lower than 2009 - CPI increase: 8% (estimate: 7%)

- GDP growth rate: 7-7.5% against 2010 - Per capita GDP: US $1,300 - Development investment capital: 40% of GDP - State budget collection: VND 590.5 trillion - State budget spending: VND 725.6 trillion - Total export turnover: US $74.8 billion, up 10% against 2010 - Excess of imports over exports: below 20% - CPI increase: 7%

(Source: General Statistics Office of Vietnam)