Vietnam's GDP in 2015 increased the highest in 5 years

GDP per capita in 2015 is estimated at 45.7 million VND/person, equivalent to 2,109 USD...

On the morning of December 26, the General Statistics Office announced that the gross domestic product (GDP) in 2015 is estimated to increase by 6.68% compared to 2014. Of which, GDP in the fourth quarter alone increased by 7.01%, higher than the increase of 6.12% in the first quarter, 6.47% in the second quarter and 6.87% in the third quarter.

GDP for the whole year 2015 is estimated at 6.68%, exceeding the set plan of 6.2%.

Thus, this year's GDP growth has exceeded the target of 6.2% set at the beginning of the year and reached the highest level in the past 5 years (in 2011 it increased by 6.25%, in 2012 it increased by 5.25%, in 2013 it increased by 5.42%, in 2014 it increased by 5.98%).

From the above growth rate, the General Statistics Office recognized that "the economy has clearly recovered".

In the 6.68% growth rate in 2015, the agriculture, forestry and fishery sector increased by 2.41% - contributing 0.4 percentage points to the overall growth rate, the industry and construction sector increased by 9.64% - contributing 3.2 percentage points, and the service sector increased by 6.33% - contributing 2.43 percentage points.

Also according to the General Statistics Office, the scale of the economy this year at current prices reached 4,192.9 trillion VND; GDP per capita in 2015 is estimated at 45.7 million VND/person, equivalent to 2,109 USD, an increase of 57 USD compared to 2014.

In terms of GDP use, final consumption increased by 9.12% over the previous year, asset accumulation increased by 9.04%, and the difference in import and export of goods and services reduced the overall growth rate by 8.62%.

Regarding the State budget revenue, from the beginning of the year to December 15, 2015, it is estimated to reach 884.8 trillion VND, equal to 97.1% of the estimate, of which domestic revenue reached 657 trillion VND, revenue from crude oil 62.4 trillion VND, and budget balance revenue from import-export activities reached 160 trillion VND.

Total state budget expenditure is estimated at 1,064.5 trillion VND, equal to 92.8% of the estimate, of which 162 trillion VND is spent on development investment; 745 trillion VND is spent on socio-economic development, national defense and security, and administrative management; and 148.3 trillion VND is spent on debt repayment and aid.

The General Statistics Office report also shows that as of December 15, 2015, the country had 2,013 newly licensed FDI projects and 814 projects with increased capital, with a total capital of 22.76 billion USD. Of which, FDI capital implemented this year reached 14.5 billion USD, an increase of 17.4% compared to 2014.

According to Hanoi Moi