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GSO unveils more macroeconomic data

GSO unveils more macroeconomic data

Sunday, September 30, 2012, 12:00 GMT+7

The General Statistics Office of Vietnam has released more figures relating to Vietnam’s macroeconomic situation after publishing the mostly-awaited data on the national inflation indicator early last week.

GSO’s data showed that there were a steep drop in state budget revenues and expenditure as of September 15, 2012.

Accordingly, the total state budget revenues were estimated at VND468.6 trillion, meeting about 63.3 percent of the whole year’s estimate due to the current economic situation. It was mostly caused by the decrease in domestic tax collection from export-import activities.

Domestic tax collection in the first nine months of this year reached VND299.1 trillion, or 60.5 percent of the year’s estimate.

It was followed by the tax collection from crude oil and export-import activities with VND79.8 trillion and VND84.4 trillion, or 91.7 percent and 54.8 percent of the year’s estimate, respectively.

Meanwhile, the total state budget spending from early this year till September 15, 2012 was estimated at VND606.3 trillion, or 67.1 percent of the year’s estimate.

As a result, the state budget deficit has increased consecutively since early this year to VND137.7 trillion as of September 15, 2012, or over 98 percent of the year’s plan approved by the National Assembly, at VND140.2 trillion.

The total actualized social investment capital in the first nine months of this year was estimated at VND708.6 trillion, rising 8.6 percent year on year, and equaling to 35.8 percent of GDP.

In January-September, investment capital from non-state sector hit VND275 trillion, rising 11.8 percent year on year. With the new figures, investment capital from non-state sector exceeded the capital from the state sector to account for the biggest proportion, at 38.8 percent of the total investment capital.

The investment capital from foreign-invested sectors accounted for the lowest proportion and posted the slowest growth with VND170 trillion, accounting for 24 percent and marking a 1.6 percent year-on-year growth.

Meanwhile, the investment capital from state sector was estimated at VND263.6 trillion, accounting for 37.2 percent of the total and increased 10.4 percent year on year.

As of September 15, 2012, the capital disbursement of official development assistance (ODA) was estimated at $2.88 billion, equaling to 94.7 percent of the year’s plan, including $2.7 billion loans and $180 million non-refundable aids, according to a recent government regular cabinet meeting. In comparison with the figures given at the same meeting in August, actualized ODA capital increased about $270 million. In the same period last year and in 2010, the country’s actualized ODA capital was estimated at $2.15 billion and nearly $2 billion.

Tuoitrenews

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