8 months trade surplus is 20.19 billion USD

On August 29, the General Statistics Office announced the socio-economic situation in August, with many optimistic signals. The economy gradually recovered, industrial production continued its upward trend.

Specifically, the index of industrial production (IIP) in August was estimated to increase by 2.9% over the previous month and by 2.6% over the same period last year. Some localities with large industrial scale recorded a high increase in IIP compared to the previous month. Hai Phong increased by 26.4%; Bac Ninh increased by 8.2%; Thai Nguyen increased by 6%; Bac Giang increased by 5.4%; Vinh Phuc increased by 5.3%... However, the increase in recent months is not enough to balance the decrease in the first months of the year. Overall for 8 months, IIP of the entire industry still decreased by 0.4% compared to the same period last year.

 Purchasing power improves, total retail sales of goods and services continue to increase. Photo: Nhu Y

Merchandise exports in August increased by 7.7% compared to the previous month. Overall for 8 months, the total import and export turnover of goods reached 435.23 billion USD. The trade balance of goods in the first 8 months of 2023 is estimated at a trade surplus of 20.19 billion USD. The US is Vietnam's largest export market (turnover of 62.3 billion USD), China is the largest import market (turnover of 68.1 billion USD).

Travel and tourism revenue in August increased by 47% over the same period last year. Since the beginning of the year, national revenue is estimated at 22.4 trillion VND. Vietnam has welcomed nearly 8 million international visitors, completing 98% of the yearly target.

The public investment pillar continues to accelerate. In August, realized investment capital from the State budget was estimated at 61,300 billion VND, an increase of more than 29% over the same period last year. Since the beginning of the year, realized investment capital from the state budget is estimated at 352,100 billion VND, only equal to 49.4% of the whole year plan, but increased by more than 23% over the same period last year. FDI disbursement in 8 months was at a record high, with a value of 13.1 billion VND. Total registered FDI capital in Vietnam reached nearly 18.15 billion USD, an increase of 8.2% over the same period in 2022.

According to statistics, domestic gasoline and rice prices increased according to world prices, and house rent prices increased according to demand. These were the main reasons why CPI in August increased by 0.88% compared to the previous month. Compared to the same period last year, the consumer price index in the months from the beginning of the year until now has tended to decrease. The average 8-month core inflation increased by 4.57% over the same period in 2022, higher than the general average CPI increase (up 3.1%).

According to tienphong.vn