• An Giang
  • Binh Duong
  • Binh Phuoc
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  • Dak Nong
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  • Ho Chi Minh
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  • Ha Nam
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  • Hai Phong
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  • Long An
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  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
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  • Phu Yen
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  • Yen Bai

PM chairs July Cabinet meeting

VGP – PM Nguyen Xuan Phuc on July 31 is chairing the two-day monthly Government meeting, focusing on institutional establishment work and socio-economic development.

July 31, 2018 9:10 AM GMT+7

PM Nguyen Xuan Phuc chairs the monthly Government meeting for July, Ha Noi, July 31, 2018 - Photo: VGP/Quang Hieu

Infographics: Socioeconomic performance in first 7 months of 2018

Trade surplus hits US$3.1 bln in seven months

Accordingly, the Government will discuss policy and institution related issues on July 31 and socio-economic performances in July and the first seven months of 2018 on August 1. 

Based on the report of the Ministry of Planning and Investment, the Consumer Price Index (CPI) in July slightly decreased 0.09% against the previous month after two months posting a high increase. The average growth of CPI in seven months picked up 3.45% and the basic inflation rate saw a year-on-year increase of 1.36%.

As of July 20, the credit growth rose 7.69% while the Viet Nam Stock Market (VN-Index) closed at 934.08 points on July 24 and the market capitalization up 8.3% against in 2017. 

The total registered Foreign Direct Investment (FDI) was estimated at US$23 billion, up 4.6% and the FDI disbursement exceeded US$9.8 billion, up 8.8%. 

Despite the decrease in the number of new firms in July (down 3.5%), the registered capital of newly-established enterprises picked up 29%. 

As many as 75,800 new firms were recorded nationwide over the recent seven months, registering the capital of VND771,000 billion, up 3.9% and 6.4% in terms of the number and capital, respectively. 

The number of enterprises stopped operating and waited for dissolution was 40,000, up 45.6%.

The Index of Industrial Production (IIP) growth in July witnessed a sharp increase of 14.3% against the same period last year. 

Remarkably, the trade surplus in seven months achieved US$3.1 billion, equal to 2.3% of the total export value. 

By Thuy Dung