(VOVWORLD) -Many bright spots in Vietnam's economic landscape will create a growth momentum in the remaining months of this year, the General Statistics Office on Wednesday released the socio-economic report for May and the first five months of the year.
 Each year, Thoai Son Food Company Limited (Loc Troi Group) processes about 100,000 tons of rice products for export. Illustration photo: Pham Hau/VNA
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The report said industrial production in May maintained a more robust growth trend and increased 3.9% over the previous month and 8.9% over the same period last year. From January to May, the industrial production index increased 6.8% over the same period last year and went up in 55 out of 63 localities across the country.
In five months, retail sales of consumer goods and services at current prices totaled more than 101 billion USD, up 8.7% over the same period. Registered foreign direct investment (FDI) capital in Vietnam, as of May 20, reached nearly 11.07 billion USD, up 2% over the same period last year. Realized FDI capital in Vietnam in five months stood at 8.25 billion USD, up 7.8% over the same period last year.
Vietnam reported 98,800 newly registered businesses and businesses which returned to operation, an increase of 4.1% over the same period last year. International visitors to Vietnam amounted to nearly 7.6 million, up 64.9% over the same period last year.
Economist Nguyen Minh Phong said: “On a positive side, there has been an improvement in orders from textiles, garments, and footwear. Industries, that last year faced many market difficulties, have flourished this year. Another positive point is that a strong growth is recorded in the tourism sector and foreign investment attraction, which has created very good additional resources for economic development.”
In the last five months, the total import and export turnover of goods reached 305.5 billion USD, with a trade surplus of more than 8 billion USD.