The Vietnamese economy is estimated to grow at 5.89 percent in 2011,according to the General Statistics Office (GSO) on December 29.
Inits 2011 Socio-economic Statistics, the GSO reported that disbursedsocial investment is estimated to total 877.9 trillion VND, accountingfor 34.6 percent of GDP. The figure shows an increase of 5.7 percentfrom 2010.
Total State budget collection isestimated to reach 674.5 trillion VND while State budget spending is tostand at 796 trillion VND.
The GSO estimated that State budgetoverspending is equivalent to 4.9 percent of GDP, which is lower thanthe set rate of 5.3 percent.
Total payment balance isestimated to grow 10 percent (the yearly rate was set at 15-16 percent)and total credit balance is estimated to rise 12 percent (the set ratefor the year was below 20 percent).
As consumerspending in December was expanded by 0.53 percent over November, theconsumer price index for the whole year is estimated to average 18.58percent.
According to the GSO, population is estimatedto rise 1.04 percent from last year, to number 87.84 million, withwomen accounting for 50.5 percent, representing an increase of 0.99percent. The number of urban dwellers is 26.88 million, making up 30.6percent of population.
Unemployment rate amongpeople of working age is 2.27 percent. The respective figures for urbanand rural areas are 3.6 percent and 1.71 percent.
Despiteseconomic difficulties, the implementation of the Party’s policies andthe Government’s social welfare programmes has helped improve people’sliving conditions significantly.
In 2011, the Government allocated 2.74 trillion VND in development capital for 62 poor districts across the country./.