126,859 new enterprises established in 2017 - Illustrative image (Source: VNA)
According to the General Statistics Office (GSO), 26,448 enterprises resumed operation this year.
In the year, Vietnam’s export turnover reached USD213.77 billion, up 21.1 percent compared with that of the previous year - the highest-ever increase.
The domestic sector contributed USD58.53 billion to the turnover, an increase of 16.2 percent, while foreign-invested enterprises posted an import-export turnover of USD155.24 billion, up 23 percent year-on-year.
The GSO said that as of December 20th, foreign investors registered nearly USD36 billion of capital in new and existing projects and share purchase. Disbursement is estimated at USD17.5 billion, a year-on-year rise of 10.8 percent - the highest-ever growth rate.
State budget collection is estimated at VND1.14 quadrillion (USD50.16 billion), equal to 91.1 percent of yearly estimates, while budget spending reached VND1.21 quadrillion (USD53.24 billion).
The gross domestic product (GDP) growth in 2017 is estimated to expand by 6.81 percent, surpassing the Government’s set target of 6.7 percent.
GSO General Director Nguyen Bich Lam said that a big trade deficit in services is causing a slow-down in GDP growth.
Therefore, he suggested the country focus on developing services serving import-export activities such as transportation, insurance and financial services.
To achieve a GDP growth rate of 6.5-6.7 percent, consumer price index of 4 percent, and a 7-to-8 percent increase in import-export turnover in 2018, he said that ministries, sectors and localities should continue with institutional reform and business environment improvement.
Priority should be given to implementing measures to increase labour productivity, developing manufacturing and processing industries and producing more raw materials so as to reduce trade deficit.
Management agencies must strictly supervise the spending of State budget, Lam stressed./.