The gross domestic product (GDP) in the first 6 months of 2017 was estimated to increase 5.73% over the same period last year, of which the first quarter increased by 5.15%; the second quarter was better than the first quarter with the growth rate of 6.17%.
In May, there were 10,954 newly established enterprises with a registered capital of 119.2 trillion VND, an increase of 9.3% in number of enterprises and 17.8% in registered capital over the same period last year.
Gross retail sales of consumer goods and services in April were estimated at 317.5 trillion VND, up 1.7% over the previous month and up 11.1% over the same period last year. Generally for the first 4 months, gross retail sales of consumer goods and services were estimated at 1,267.9 trillion VND, up 9.6% over the same period last year.
Although the realized investment of the State budget in April was higher than the previous month (a rise of 13.2%) and in comparison with the same period last year (an increase of 1.2%), there was a sharp decrease in the period of 2016-2019.
The GDP in the first quarter of 2017 was estimated to increase by 5.10% compared to the same period last year. The growth rate in the first quarter of this year was higher than the growth rate of the first quarter of 2012-2014, but lower than the growth of 6.12% of the same period in 2015 and the growth of 5.48% of the same period in 2016.
Gross retail sales of consumer goods and services in February were estimated at 309.3 trillion VND, going down by 6.5% over the previous month and going up by 7.2% over the same period last year.
The realized investment of State budget in January was estimated at 15,203 billion VND, equivalent to 5.3% of the yearly plan and an increase of 1.9% compared to the same period in 2016.
As of January 15, 2018, the country cultivated 1,807.1 thousand hectares of winter-spring paddy, an equal to 99% compared with the same period last year.
In February, the index of industrial production (IIP) was estimated to decrease by 17.1% over the previous month and increase 8% year on year, mainly due to February this year coinciding with the Lunar New Year holiday therefore the number of working days less than other months.
GDP in the 1st quarter of 2018 was estimated to increase by 7.38%, which was the highest rate of the 1st quarter in the last 10 years, compared to the same period last year, confirming the timeliness and efficiency in the issuance of solutions and drastic direction of the Government to all levels, sectors and localities to make efforts from the first days and months of 2018.
