increased by 5.33% and 4.24%; International visitors to Vietnam in 9 months reached 8.9 million arrivals

On September 29 in Hanoi, the General Statistics Office held a press conference to announce socio-economic statistics for the third quarter and the first 9 months of 2023.

GDP quý III và 9 tháng: tăng 5,33% và 4,24%; Du khách quốc tế đến Việt Nam 9 tháng đạt 8,9 triệu lượt người

Ms. Nguyen Thi Huong, Director General of the General Statistics Office, presented a report on the socio-economic situation in the third quarter and the first 9 months of 2023. (Photo: Bao Ly)

Presenting the report on the socio-economic situation in the third quarter and the first 9 months of 2023, Ms. Nguyen Thi Huong, General Director of the General Statistics Office, said that the Gross Domestic Product (GDP) in the third quarter of 2023 increased by 5.33%, and the first 9 months increased by 4.24% compared to the same period last year. Although it was only higher than the growth rate of the same period in 2020 and 2021 in the period 2011-2023, it was with a positive trend (the first quarter increased by 3.28%, the second quarter increased by 4.05% and the third quarter increased by 5.33%).

In the 2023 socio-economic situation report, regarding foreign affairs, there are some specific highlights as follows:

International arrivals to Vietnam in September 2023 reached more than 1 million, down 13.4% compared to the previous month and 2.4 times higher than the same period last year; the number of Vietnamese people leaving the country reached 501,400, up 43.1% over the same period last year.

In the first 9 months of 2023, the number of international visitors to our country is estimated at 8.9 million, 4.7 times higher than the same period last year but still only 69% compared to the same period in 2019 - the year before the Covid-19 pandemic; the number of Vietnamese people leaving the country reached 3.8 million, 2.5 times higher than the same period last year.

In the field of development investment, the total social investment capital in the third quarter of 2023 at current prices is estimated at VND 902.5 trillion, up 7.6% over the same period last year. It is estimated that in the first 9 months of 2023, the total social investment capital at current prices is estimated at VND 2,260.5 trillion, up 5.9% over the same period last year.

Total foreign investment capital registered in Vietnam as of September 20, including: newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors, reached nearly 20.21 billion USD, up 7.7% over the same period last year. Foreign direct investment capital realized in Vietnam in the first 9 months of 2023 is estimated at 15.91 billion USD, up 2.2% over the same period last year. This is the highest realized foreign direct investment capital in 9 months in the past 5 years.

Vietnam's overseas investment in the first 9 months of 2023 had 84 projects newly granted investment certificates with a total capital of Vietnam's side of 244.8 million USD, down 29.5% over the same period last year; there were 18 projects adjusting capital with an increased adjusted capital of 172 million USD, 3.4 times higher. In total, Vietnam's total overseas investment capital (newly granted and adjusted capital) reached 416.8 million USD, up 4.6% over the same period last year.

Leaders of the General Statistics Office shared with the press. (Photo: Minh Hoa)

In the field of state budget revenue and expenditure, the total state budget revenue in September 2023 is estimated at VND 89.6 trillion. The total accumulated state budget revenue in the first 9 months of 2023 is estimated at VND 1,223.8 trillion, equal to 75.5% of the annual estimate and down 8.3% over the same period last year.

Total state budget expenditure in September 2023 is estimated at 156.1 trillion VND; accumulated expenditure in the first 9 months of 2023 is estimated at 1,239.4 trillion VND, equal to 59.7% of the annual estimate and up 14.1% over the same period last year.

In the field of import and export of goods and services. Of which, the import and export of goods with the export turnover of goods in September 2023 is estimated at 31.41 billion USD, down 4.1% compared to the previous month and up 4.6% compared to the same period last year. In the first 9 months of 2023, the export turnover of goods is estimated at 259.67 billion USD, down 8.2% compared to the same period last year.

Regarding the structure of export goods in the first 9 months of 2023, the processed industrial goods group is estimated to reach 229.22 billion USD, accounting for 88.3%. Of which, the import of goods: The import turnover of goods in September 2023 is estimated to reach 29.12 billion USD, down 0.7% compared to the previous month and up 2.6% over the same period last year. In the first 9 months of 2023, the import turnover of goods is estimated to reach 237.99 billion USD, down 13.8% over the same period last year. Regarding the structure of import goods in the first 9 months of 2023, the group of production materials is estimated to reach 223.08 billion USD, accounting for 93.7%.

Regarding the import and export market of goods in the first 9 months of 2023, the US is Vietnam's largest export market with an estimated turnover of 70.9 billion USD. China is Vietnam's largest import market with an estimated turnover of 79.1 billion USD.

Notably, the trade balance of goods in September is estimated to have a trade surplus of 2.29 billion USD. In the first 9 months of 2023, the trade balance of goods is estimated to have a trade surplus of 21.68 billion USD (the same period last year had a trade surplus of 6.9 billion USD).

In the field of service export and import, in the third quarter of 2023 alone, service export turnover is estimated at 5.1 billion USD, up 24.9% over the same period last year and up 11.6% over the previous quarter; service import turnover is estimated at 7.7 billion USD, up 4.8% and up 11.9%. In the first 9 months of 2023, service export turnover is estimated at 14.2 billion USD, up 60.6% over the same period in 2022; service import turnover is estimated at 20.9 billion USD (including transportation and insurance service fees of imported goods of 7.5 billion USD), up 0.8%. Service trade deficit in the first 9 months of 2023 is 6.7 billion USD.

With the Consumer Price Index (CPI), the gold price index, and the USD price index, the CPI in September 2023 increased by 1.08% over the previous month. Compared to December 2022, the CPI in September increased by 3.12% and compared to the same period last year, it increased by 3.66%. The average CPI in the third quarter of 2023 increased by 2.89% compared to the third quarter of 2022. In the first 9 months of this year, the CPI increased by 3.16% over the same period last year; core inflation increased by 4.49%.

With the gold price index in September 2023 increasing by 0.94% compared to the previous month; increasing by 4.91% compared to December 2022; increasing by 7.83% compared to the same period last year; the average of 9 months of 2023 increased by 2.22% compared to the same period last year.

With the USD price index in September 2023 increasing by 1.53% over the previous month; increasing by 0.35% over December 2022; increasing by 2.43% over the same period last year; the average for the first 9 months of 2023 increased by 2.29% over the same period last year.