Economic Stuation in Viet Nam
Table of Content
A. Overview of the socio-economic situation in 2010 2
B. Overview of the socio-economic situation in 2011. 6
C. Analysis Interest Rate Tool 7
D. Task of 2012 10
A. Overview of the socio-economic situation in 2010
2010 was the last year of the 5-year plan (2006-2010) and the 10-year Socio-Economic Development Strategy (2001-2010). It was also the year when many important events of the country were organized. It is necessary for the country to review the socio-economic situation in 2010 to further its development.
Overview of the socio-economic situation in 2010
Achievements
The 2010 Socio-Economic Development Plan started at a time when the country was facing numerous difficulties and challenges as a result of the global financial crisis and economic recession, natural disasters and epidemics. However, with synergies of the political system, branches, levels, people and business community, most of the norms and criteria adopted by the National Assembly were achieved.
1. Recession was stalled, the economy recovered and recorded relatively high growth rate
Despite slow recovery of the world economy after the crisis, Vietnam’s economy got out of the recession early and achieved a relatively high growth rate. The country’s GDP in 2010 increased to 6.78%, higher than the rate approved by the National Assembly. The agricultural sector expanded by 2.6%, industry and construction by 7.6%, and service by 7.5%. Given these achievements, per capita GDP in the 2006-2010 period was 7%. Per capita income in 2010 was 1,160 USD.
The development investment capital in 2010 was 12.9% higher than that of 2009, accounting for 41% of GDP. Due to high disbursement rate of State budget was due to strict management of the state budget, it is believed that the disbursement plan will be fulfilled. Thanks to this, many infrastructure projects will be completed, new production establishments are created; the economic restructure will be accelerated and
A. Overview of the socio-economic situation in 2010 2
B. Overview of the socio-economic situation in 2011. 6
C. Analysis Interest Rate Tool 7
D. Task of 2012 10
A. Overview of the socio-economic situation in 2010
2010 was the last year of the 5-year plan (2006-2010) and the 10-year Socio-Economic Development Strategy (2001-2010). It was also the year when many important events of the country were organized. It is necessary for the country to review the socio-economic situation in 2010 to further its development.
Overview of the socio-economic situation in 2010
Achievements
The 2010 Socio-Economic Development Plan started at a time when the country was facing numerous difficulties and challenges as a result of the global financial crisis and economic recession, natural disasters and epidemics. However, with synergies of the political system, branches, levels, people and business community, most of the norms and criteria adopted by the National Assembly were achieved.
1. Recession was stalled, the economy recovered and recorded relatively high growth rate
Despite slow recovery of the world economy after the crisis, Vietnam’s economy got out of the recession early and achieved a relatively high growth rate. The country’s GDP in 2010 increased to 6.78%, higher than the rate approved by the National Assembly. The agricultural sector expanded by 2.6%, industry and construction by 7.6%, and service by 7.5%. Given these achievements, per capita GDP in the 2006-2010 period was 7%. Per capita income in 2010 was 1,160 USD.
The development investment capital in 2010 was 12.9% higher than that of 2009, accounting for 41% of GDP. Due to high disbursement rate of State budget was due to strict management of the state budget, it is believed that the disbursement plan will be fulfilled. Thanks to this, many infrastructure projects will be completed, new production establishments are created; the economic restructure will be accelerated and