Summary report on socio-economic overview of 2010

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SUMMARY REPORT ON SOCIO-ECONOMIC OVERVIEW OF 2010

I.                    Results of the implementation of the Resolutions of the Party’s Committee and People’s Committee in 2010:

1.                  Economic targets:

GDP in 2010 was estimated to rise by 13.5 percent against 2009, exceeding targets set by the Resolutions of the Party’s Committee and People’s Committee (the Resolutions aimed for 12 percent). This increase included 14.7% from the industry – construction sector, 14.7% from service sector and 3.9% from the agriculture – forestry – fishery sector. GDP according to actual price gained 75,650 bill.dongs. GDP per capital according to current price gained US$1,629, meeting the targets set by the resolutions.

The economic structure was transferred positively: industry – construction sector made up 57.2%, service 34.2%; agriculture – forestry – fishery 8.6% (in line with the targets set by the resolutions).

Industry – construction production output was 108,572 bill.dongs, up 17 percent compared to 2009, exceeding the targets set by the resolutions (the Resolutions aimed for 15 percent)

Agriculture – forestry – fishery production output was 7792 bill.dongs, up 4 percent compared to 2009, not fulfilling the targets set by the resolutions. (the Resolutions aimed for 4.5 percent)

Added value of service sector was 8843 bill.dongs, exceeding 0.3% against the year’s plan and targets set by the resolutions (the Resolutions aimed for 14.5%)

Total retail sales were 57,264 bill.dongs, gaining 100% of the plan and increasing 26.6% over the same period; revenues from post and telecommunications were 2000 bill.dongs, gaining 102.5% of the plan and increasing 5.5% over the same period; telephone density gained 121.5 subscribers over 100 people; the rate of population using internet was 20.5%.

The total development investment was around 32,321 bill.dongs, accounting for 42.7% of GDP; exceeding targets set by the resolutions (the Resolutions aimed for 31,000 bill.dongs). This investment included 48.2% of domestic capital and 51.8% of direct foreign capital.

FDI attraction gained US$ 1.5 billion (including newly registered and capital increasing projects), exceeding targets set by the resolutions (the Resolutions aimed for 25,000 bill.dongs). Domestic enterprises applied for business registration with a capital of 20,000 bill.dongs (including newly registered and capital increasing projects), exceeding targets set by the resolutions (the Resolutions aimed for 11,000 bill.dongs).

Total export turnover gained US$7.1 billion, increasing 20.5% over the same period, exceeding targets set by the resolutions (the Resolutions aimed for US$7billion). Total import turnover gained US$7.9 billion, increasing 19.1% over the same period

Total budget revenues gained 18,400 bill.dongs, exceeding 27.5% compared to the estimate assigned by the central authority, exceeding targets set by the resolutions (the Resolutions aimed for 14,428 bill.dongs). Total budget expenditure gained 6,233 bill.dongs, gaining 100% of the estimate, increasing by 19% over the same period.

2.                  Social targets:

-                       Birth rate and natural population growth rate fell by 0.2% and 1.12% respectively, meeting the targets set by the resolutions

-                       Universalization of senior secondary education was basically finished, fulfilling the targets set by the resolutions

-                       85 percent of local health clinics had doctors, fulfilling the targets. 93 percent of wards, communes met the national health standard, not satisfying the targets. Five doctors over a ten thousand people, meeting the targets. 19 patient beds over a ten thousand people, meeting the targets.

-                       Rate of children suffering from malnutrition under 5 and under 2 fell by 14.5%, and 8.5% respectively, reaching the targets;

-                       85 thousand people were provided with jobs, meeting the targets; rate of unemployment in urban areas fell from 2.8% in late 2009 to 2.6% in late 2010; Rate of labour using time in rural areas decreased from 87% in late 2009 to 87.5% in late 2010

-                       58,500 people were provided with vocational training, meeting the targets; rate of labour via vocational training rose from 39% in late 2009 to 41% in late 2010, exceeding the targets

-                       Rate of poor households reduced from 6.29% in late 2009 to 3.68% in late 2010, exceeding the targets (the Resolutions aimed for 4.27%)

-                       86% of hamlets/quarters and 94% of families were conferred “cultural hamlet/quarter” and “cultural family” titles respectively

-                       Rate of households having access to power was 99%, meeting the targets

3.                  Environmental targets:

-                        Rate of households using clean water in urban areas and rural areas was 98% and 90% respectively, fulfilling the targets

-                       Rate of colleting and treating household sewage was 80%, medical sewage 100% and hazardous sewage 60%, reaching the targets

-                       Rate of forest coverage was 29.76%, meeting the targets

-                       Rate of existing industrial zones having concentrated waste water treatment system was 90.5%

II.                Planned key targets in 2011:

1.                  Planned economic targets:

-                       GDP growth rate increases by 13 – 13.5 percent compared to 2010. Specifically, GDP growth rate of industry – construction sector goes up from 14.1 – 14.6 percent; that of service sector by 14.4 – 15.1 percent and that of agriculture – forestry – fishery sector by 2.7 – 3 percent

-                       GDP according to current price is expected to gain 91,400 – 91,736 bill.dongs, GDP per capital from 34.886 to 35.022 mil.dongs (around US$1,735 to 1,743 per person)

-                       Economic structure: industry – construction sector makes up 57.3%, service 35.2% and agriculture – forestry – fishery 7.5%

-                       Industrial production output is expected to gain 119,824 – 120,849 bill.dongs, increasing by 17-18 percent compared to 2010

-                       Production value of agriculture – forestry – fishery sector is expected to gain from 8080 to 8104 bill.dongs, up from 3.7 to 4 percent compared to 2010

-                       Export turnover is expected to gain from 8.1 to 8.3 billion USD, up from 15 to 17 percent; import  turnover is expected to gain from 9.1 to 9.3 billion USD, up from 16 to 18 percent compared to 2010

-                       The total budget revenues is expected to gain 19,930 bill.dongs (including VND530 billion gained from lottery), accounting for 21.7 percent of GDP. This includes 11,950 bill.dongs from domestic revenues (up 17.2% against 2010) and 7,480 bill.dongs from import-export (up 2.5% against 2010)

-                       Total development investment is expected to gain 36,000 – 37,700 bill.dongs, accounting for 39.4 – 41.1 percent of GDP

-                       FDI attraction is expected to gain US$ 1.5 – 1.7 billion

-                       Domestic capital attraction via issuance of investment licenses is expected to gain from 30 to 33 thousand billion dongs and that via business registration is expected to gain 16-18 thousand billion dongs

2.                  Planned social targets:

-                       Reduce natural population growth rate by 1.1 percent. Population in 2011 is expected to be 2,619,320

-                       Rate of students at universities and colleges is 220 students per a ten thousand people

-                       90 percent of local health clinics have doctors; 100 percent of wards and communes meet the national health standard; every ten thousand people have 5.5 doctors and 20 patient beds

-                       Reduce the rate of children suffering from malnutrition under fine and under 2 by 14% and 8% respectively

-                       Provide 90 thousand people with jobs; increase the rate of labourers via training by 54 percent, those via vocational training by 42 percent

-                       Reduce the rate of poor households by 8 percent

-                       87 percent of hamlets/quarters and 95 percent of households are conferred “cultural hamlet/quarter” and “cultural family” titles

-                       Rate of households having access to power is 99 percent

3.                  Planned environmental targets:

-                       Increase the rate of households using clean water (98.2% in urban areas and 92% in rural areas)

-                       Collect and treat 82 percent of domestic sewage, 100 percent of medical sewage and 65 percent of hazardous sewage

-                       100 percent of current industrial parks having concentrated waste water treatment system which meet environmental standards

-                       Rate of forest coverage remains 29.76 percent

Above is the summary report on the socio-economic situation in 2010 and targets in 2011

 

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                                                           On behalf of the People’s Committee

                                                                Chairman

                                                                Vo Van Mot

                                                                (Signed)