Positive signals of the economy
VGP – The national economy has seen clearly emerging positive signals over the past six months, according to a recent report to the National Assembly’s Committee for Economic Affairs.
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Commercial banks have been successfully brought in a large quantity of foreign currency volume from individuals and businesses.
The country’s foreign currency reserve has also been increased following the SBV’s decision to buy in US $3 billion.
By June 10, the total means of payment only went up by 2.33% and credit growth expanded at 7.05% against December of 2010.
The total export turnover in June was estimated at US $41.5 billion, a year-on-year increase of 27.8%, and three times higher than the NA’s preset target.
Of the exports, many commodities posted robust export earnings, with coffee up 81%, rubber up 96%, and garment, 30.3%.
In terms of market, Việt Nam’s exports to the US rose by 22%, to EU by 35%, Japan by 23%, and China, 40%.
Meanwhile, the import value in the month was estimated at US $ 49 billion, up 26.4% against the same period last year, pushing the trade deficit to US$7.5 billion, or 18% of the country’s total export turnover. The Government planned to keep the trade deficit under 16%.
Regarding the consumer price index, the last two months have seen a consecutive decline. The index may rise by 1.2 – 1.4% in June compared to 2.21% in May, according to the Ministry of Finance’s calculation./.
