ỦY BAN GIÁM SÁT TÀI CHÍNH QUỐC GIA

1. Agriculture, forestry and fishery

Agricultural production in the month focused on tending and harvesting winter and winter-autumn paddy in the country and planting winter crops in the North. Livestock production faced difficulties due to low prices, increased supply while demand for food remains low due to the impact of the pandemic. Forestry production had many advantages when localities stopped social distancing. Afforestation and logging activities have begun to increase to reach the 2021 plan. Fishery processing enterprises are gradually recovering production, increasing operating capacity. The supply chain of production-processing-consumption of agricultural, forestry, and fishery products has recovered step by step.

a) Agriculture

The country’s winter paddy crop in 2021 has cultivated 1,558.8 thousand hectares, equaling 98.3% of the previous year’s crop. As of mid-October, the country harvested 995.5 thousand hectares of winter paddy, made up 64.1% of the total cultivated area and equaled to 96.4%. This year’s estimated winter rice yield reached 51.5 quintals/hectare, an increase of 0.4 quintals/hectare over the previous year; the production of winter paddy this year was estimated at 8.03 million tons, down 73.5 thousand tons from the previous crop.

Along with tending and harvesting winter paddy, localities across the country finished the autumn paddy production with the cultivated area reaching 1,954 thousand hectares, an increase of 8.9 thousand hectares compared to the autumn crop in 2020. The weather of this year’s autumn paddy crop is favorable for rice plants to grow and develop, so the yield has increased again with 56.5 quintals/ha, an increase of 1.2 quintals/ha compared to the previous autumn crop; production reached 11.04 million tons, up 282.8 thousand tons.

As of mid-October, localities in the Mekong River Delta cultivated 672 thousand hectares of autumn-winter paddy, equal to the same period last year. So far, the region harvested 272.7 thousand hectares of winter-autumn paddy, made up 40.6% of the total cultivated area and equaled to 91.4% in comparison with that of over the same period last year. The remaining rice area at present is mainly in the green to the ripe stage, growing and developing quite well.

Buffalo, cattle raising in the month generally was stable. At the end of October, cattle population increased by 1.1% compared to the same period in 2020; buffalo population decreased by 3.9%; pig population decreased by 1.5%; poultry population decreased by 1.2%. As of October 20, 2021, the whole country has no longer blue-ear disease and foot-and-mouth disease; avian flu was still in Lang Son, African swine fever was reported in 42 localities and LSD was still in 28 localities for less than 21 days.

b) Forestry

The newly concentrated planted forests nationwide in October 2021 was estimated at 30.5 thousand ha, up 2.3% over the same period last year. Generally, in the ten months of 2021, the newly concentrated planted forest area was estimated at 206.4 thousand hectares, up 2.5% over the same period last year; the number of scattered forest trees reached 78.9 million trees, up 3.3%; timber production gained 14,289 thousand m³, up 4.2%; firewood production was 15.7 million ste, down 0.9%.

In October 2021, the damaged forest area[1] was 121.9 hectares, up 34.4% over the same period last year. In ten months of 2021, the damaged forest area was 1,979.0 hectares, up 44.8% over the same period last year, including the burnt forest area was 1,229.0 hectares, up 98.7%; the cut and deforested forest area were 750.0 hectares, an increase of 0.3%.

c) Fishery

Fishery production in October was estimated at 798.1 thousand tons, up 0.1% over the same period last year, of which Aquaculture production in the month was estimated at 492.1 thousand tons, up 0.9%; Catch fishery production was estimated at 306.0 thousand tons, down 1.0%. Generally, for the ten months of 2021, fishery production was estimated at 7,175.4 thousand tons, down 0.2% over the same period last year, including Aquaculture production reached 3,812.2 thousand tons, down 0,8%; catch fishery output reached 3,363.2 thousand tons, up 0.5% (Marine fishing production reached 3,205.6 thousand tons, up 0.6%).

2. Industrial production

Industrial production in October prospered when the social distancing measures eased, production and business activities gradually recovered to a new normal status. The index of industrial production in October 2021 was estimated to increase by 6.9% over the previous month and decrease by 1.6% over the same period last year. In 10 months of 2021, the index of industrial production increased by 3.3% over the same period in 2020.

The index of industrial production (IIP) in October 2021 was estimated to increase by 6.9% over the previous month and down 1.6% from the same period last year, of which the mining industry went down by 7.2%; manufacturing decreased by 1.6%; electricity production and distribution went up by 2.4%; water supply, waste and wastewater management, and treatment up by 1.5%.

Overall, in the ten months of 2021, the estimated IIP increased by 3.3% over the same period last year (higher than the growth rate of 2.6% in the same period in 2020). Of which, the manufacturing rose by 4.5% (the same period last year up 4.1%), contributing 3.99 percentage points to the general growth; electricity production and distribution went up by 4.1%, contributing 0.36 percentage points; water supply, waste and wastewater management, and treatment peaked up by 3.4%, contributing 0.05 percentage points; the mining industry alone shrank by 7%, down 1.1 percentage points in the general growth rate.

3. Enterprise registration status ^[2]

Production and business activities of enterprises began to recover, positive signs in the business registration situation showed the support of people and businesses in the Government’s shift in Covid-19 prevention and control strategies to safe, flexible, and effective adaptation. The number of newly-established enterprises in October 2021 increased in both quantity and registered capital compared to the previous month. The number of re-operated enterprises increased by 29.8% over the previous month.

In October 2021, the whole country had 8,233 newly established enterprises with registered capital were 108.6 trillion VND and a total number of registered employees of 58.8 thousand employees, an increase of 111,2% in the number of enterprises, an increase of 73.9% in the registered capital and an increase of 17.9% in the number of employees compared to last month; compared to the same period 2020, down 32.5% in the number of enterprises, a decrease of 34.4% in the registered capital and down 18.8% in the number of employees. The average registered capital of a newly established enterprise in the month reached 13.2 billion VND, a decrease of 17.6% compared to last month, and a decrease of 2.8% compared to the same period in 2020. In October, there were 4,304 re-operated enterprises in the whole country, which increased by 29.8% compared to the previous month and down 14.7% compared to the same period in 2020; , 3,492 enterprises ceased for a certain time, an increase of 55.9% compared to last month and an increase of 6% compared to the same period 2020; 3,048 enterprises temporarily ceased and awaited dissolution procedures, an increase of 21.5% and a decrease of 14.8%; 806 enterprises completed dissolution procedures, an increase of 33% and a decrease of 43%.

Generally, in the 10 months of this year, the whole country had 93.7 thousand newly registered enterprises with a total registered capital of 1,304.4 trillion VND and a total number of registered employees of 707.7 thousand employees, down 15.7% in the number of enterprises, a decrease of 18.2% in number the registered capital and a decrease of 16.8% in the number of employees compared to the same period last year. The average registered capital of a newly established enterprise in 10 months achieved 13.9 billion VND, down 2.9% compared to the same period last year. If including 1,879.3 trillion VND of the additionally registered capital of nearly 34.6 thousand enterprises that recorded an upward adjustment of capital, the total additional registered capital in the economy in 10 months of this year was 3,183.6 trillion VND, down 18.2% compared to the same period last year. Besides, there were 35.3 thousand re-operated enterprises, a decrease of 6.3% over the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in 10 months this year to 129 thousand enterprises, a decrease of 13.3%. The average every month had 12.9 thousand newly established and re-operated enterprises.

In 10 months, this year, there were 48.5 thousand enterprises temporarily ceased for a certain time, an increase of 16% compared to the same period last year; 35 thousand enterprises temporarily ceased and awaited dissolution procedures, a climb up 15.7%; 13.6 thousand enterprises completed dissolution procedures, an increase of 0.8%. %. On average, 9.7 thousand enterprises withdraw from the market each month.

4. Investment

In October, the distancing measures were gradually eased. Ministries, sectors, and localities are making efforts to focus on implementing solutions, removing obstacles, and speeding up the implementation of public investment projects and works. Realized investment capital from the State budget in October 2021 was estimated at 41.7 trillion VND, up 18.6% compared to September 2021. Total foreign investment registered into Viet Nam as of October 20th, 2021, increased by 1.1% over the same period last year, however, realized foreign direct investment capital decreased by 4.1%.

Realized investment capital from the State budget in October was estimated at 41.7 trillion VND, decreased by 17.4% over the same period last year. Generally, in 10 months of this year, realized investment capital under the state budget reached 318.6 trillion VND, equaling 64.7% of the yearly plan and down 8.3% against the same period last year (the same period in 2020 equaled 67.8% and increased by 31.6%), including: The capital under central management was 56 trillion VND, equaling 66.6% of the yearly plan and decreasing 4.2% against the same period last year; The capital under local management reached 262.6 trillion VND, equaling 64.3% and down 9.1%.

The foreign direct investment from the beginning of the year to 20th October 2021[3] including newly registered capital, adjust registered capital, and the total value of capital contribution and share purchases of foreign investors reached 23.74 billion USD, increased by 1.1% compared to the same period in 2020.  Of which, Newly registered capital included 1,375 newly licensed projects with a registered capital of 13.02 billion USD, a decrease of 34.5% in the number of projects and a growth of 11.6% of registered capital compared to the same period last year; Adjust registered capital included 776 turns of projects which were licensed in the previous years registered to adjust investment capital with the additional capital of 7.09 billion USD, increased by 24.2%; Capital contribution and share purchases of foreign investors included 3,063 turns with a total value of the capital contribution of 3.63 billion USD, a decrease of 40.6%.  In the total of Capital contribution and share purchases of foreign investors, 1,229 turns of capital contribution, share purchase caused the increase of charter capital of the enterprise with the value of contributed capital of 2.37 billion USD, and 1.834 turns of foreign investors repurchased domestic shares without increasing the charter capital with a value of 1.26 billion USD. Foreign direct investment capital that implemented in 10 months of the year reached 15.15 billion USD, a decrease of 4.1% over the same period last year.

Vietnam’s investment abroad in 10 months of the year, there were 48 projects newly granted investment certificates with a total investment capital of  218.3 million USD, decreasing by 30.6% over the same period of last year; 18 turns of projects adjusted capital with additional capital of 427.7 million USD, equaled 2.6 times of that in the previous year. Generally, the total investment capital of Vietnam abroad (newly and additionally licensed capital) in 10 months reached 646 million USD, increasing by 35.1% over the same period last year.

5. Trade, transport and tourism

       The Covid-19 pandemic was gradually brought under control, many localities implemented “Safe adaptation, flexibility, effective control of the Covid-19 epidemic” according to Resolution No. 128/NQ-CP dated 11/10/ 2021 of the Government so many domestic trade and transport recovered in October. However, Import and export activities[4] in October continued to be affected by the Covid-19 pandemic, the total import and export turnover of goods down 0.4% compared to September and up 4% over the same period last year. International visitors to Viet Nam in October decreased by 28.8% compared to the same period last year because Viet Nam has continued to implement measures to prevent and control the Covid-19 epidemic, international tourism has not yet opened.

Gross retail sales of consumer goods and services in October 2021 were estimated at 357.9 trillion VND, up 18.1% over the previous month and down 19.5% over the same period last year. Generally, for ten months, gross retail sales of consumer goods and services reached 3,720.4 trillion VND, down 8.6% over the same period last year, if, excluding the price factor, the decrease was 10.3% (in the same period in 2020 decreased by 4.5%).

Export turnover in September 2021 reached 27.03 billion USD, 26 million USD higher than the estimated figure Export turnover in October 2021 was estimated at 27.3 billion USD, increased by 1% over the previous month and up 0.3% compared to the same period last year. Generally, in ten months of 2021, the export turnover was estimated at 267.93 billion USD, rose by 16.6% over the same period in 2020. In ten months of 2021, there were 31 products with export turnover of over 1 billion USD, contributing 92.4% to the total export turnover (6 products with export turnover of over 10 billion USD, accounting for 63%).

Regarding the structure of export commodity groups in ten months of 2021, the group of fuels and minerals was estimated at 3.03 billion USD, went up by 16.6% over the same period last year. The group of processing industry was estimated at 238.81 billion USD, jumped up by 17.3 Agricultural and forestry products reached 19.2 billion USD, went up 15.1%. The group of fishery products reached 6.89 billion USD, edged down by 0.8%.

Regarding the export commodity market in ten months of 2021, the United States was Viet Nam’s largest export market with a turnover of 76 billion USD, a growth of 21.9% over the same period last year; the following was China market with 44.2 billion USD, going up by 16.8%; The EU with 31.7 billion USD, rose by 8.9%; ASEAN market with 23 billion USD, an increase of 21.3%; South Korea with 17.9 billion USD, an increase of 11.2%; Japan with 16.1 billion USD, increased by 2.2%.

Import turnover of goods in September 2021 reached 26.67 billion USD, 166 million USD higher than the estimated figure. Import turnover in October 2021 was estimated at 26.2 billion USD, decreased by 1.7% over the previous month and up 8.1% compared to the same period in 2020. Generally, in ten months of 2021, the import turnover was estimated at 269.38 billion USD, increased by 28.2% over the same period in 2020. In ten months of 2021, there were 39 imported products with a turnover of over 1 billion USD, accounting for 91.4% of the total import turnover.

Regarding the structure of imported goods in ten months of 2021, the group of input materials was estimated at 252.21 billion USD, went up by 28.6% over the same period last year and accounted for 93.6% of total import turnover; fuel and row materials reached 128.08 billion USD, up 35.2% and accounting for 47.5%. Consumer goods group was estimated at 17.17 billion USD, rose by 22.5% and accounted for 6.4%.

Regarding the imported goods market in ten months of 2021, China remained the largest import market of Viet Nam with a turnover of 89.4 billion USD, jumped up by 36.4% over the same period last year; the following was the South Korean market with 45.5 billion USD, rose by 21.4%; ASEAN market with 33 billion USD, increased by 34.8%; Japan with 18 billion USD, going up 9%; EU market with 13.8 billion USD, expanding by 15.9%; the United States with 13 billion USD, an increase of 13.5%.

The trade balance of goods in September 2021 witnessed a trade surplus of 360 million USD^[5]; trade deficit for 9 months was 2.55 billion USD; trade surplus for October 2021 was 1.1 billion USD; trade deficit in ten months of 2021 was estimated at 1.45 billion USD^[6] (the same period last year saw a trade surplus of 19.63 billion USD), of which the domestic economic sector saw a trade deficit of 22.73 billion USD; the FDI sector (including crude oil) saw a trade surplus of 21.28 billion USD.

Passengers carried in October 2021 were estimated at 120.6 million persons, increased by 47.2% compared to the previous month, and passenger traffic was 3.5 billion passengers-km, increased by 41.6%. Generally, in 10 months of 2021, passenger carried reached 2,140.5 million passengers, a decrease of 27.1% over the same period last year (the same period of 2020 down 29.7%), the passenger traffic gained 86.3 billion passengers-km, went down 34.9% (the same period of 2020 decreased by 35.4 %). Freight carried in October 2021 was estimated at 135.4 million tons, increased by 13.5% compared to the previous month, and freight traffic 26.9 billion tons. km, up 10.7%. Generally, in 10 months of 2021, freight carried reached 1,335.3 million tons, down 6.7% against the similar period last year (the same period in 2020 decreased by 7.5%), freight traffic gained 269.8 billion tons-km, down 1.4% (the same period of 2020 decreased by 8.8%).

International visitors to Viet Nam [7] in October were estimated at 10.6 thousand arrivals, up 11.1% compared to the previous month and decreased by 28.8% compared to the same period last year. Generally, in 10 months of 2021, international visitors to Viet Nam was estimated at 125.1 thousand arrivals, down 96.7% compared to the same period last year.

6. Consumer price index, gold price index and US dollar

Many localities eased the social distancing to facilitate circulation and transportation of goods, the people’s demand for storing consumer goods decreased, and the supply of goods was guaranteed, causing food and foodstuff prices to decrease in the month; the decrease in demand for electricity and water for daily life when the weather turns to autumn and house rents continue to drop to support people facing difficulties during the epidemic were the main reasons for the consumer price index (CPI) in October 2021 decreased by 0.2% compared to the previous month, increased by 1.67% compared to December 2020. In 10 months of 2021, CPI increased by 1.81% over the same period last year, the lowest increase since 2016[8]. Core inflation in 10 months increased by 0.84%.

CPI in October 2021 decreased by 0.2% compared to the previous month; increased 1.67% compared to December 2020 and increased 1.77% over the same period last year. The 10-month average CPI of 2021 increased by 1.81% over the same period last year, the lowest increase since 2016.

Core inflation[9] in October 2021 decreased by 0.17% compared to the previous month, increased by 0.5% over the same period last year. Average core inflation in the 10 months of this year increased by 0.84% ​​over the same period in 2020.

The domestic gold price fell in line with the world gold price. Domestically, the gold price index in October 2021 decreased by 0.21% compared to the previous month; down 1.85% compared to December 2020 and down 1.82% over the same period last year. US dollar price index in October 2021 decreased by 0.06% compared to the previous month; down 1.2% compared to December 2020 and down 1.48% over the same period last year due to limited demand for foreign currency trading amid the complicated developments of the Covid-19 epidemic.

7. Some social situations

In October, social security continued to receive attention in the context that people’s lives were still facing many difficulties due to the impact of the Covid-19 epidemic. The 26 trillion VND support package according to Resolution No. 68/NQ-CP dated July 01, 2021, and Decision No. 23 /2021/QD-TTg dated 7/7/2021 of the Prime Minister has been deployed nationwide with more than 24 trillion VND to support for more than 25.2 million people.

In addition, on October 7, 2021, the Prime Minister issued Decision No. 1680/QD-TTg, supporting 741.2 tons of rice from the national reserve to support people in Quang Tri province facing difficulties during social distancing time.

The Covid-19 epidemic in the world continues to be complicated[10]. In Viet Nam, the Covid-19 pandemic has been controlled gradually. Some provinces have eased social distancing measures. As of 17:00 October 27, 2021, Viet Nam had 900,585 cases, 812,314 cases of cured (21,856 deaths).

In the ten months of 2021, there were 8,933 traffic accidents [11] nationwide, including 5,761 traffic accidents of less serious or more serious and 3,175 traffic collisions, causing 4,523 deaths and 2,999 injured, and 3,201 people suffered minor injuries. Bình quân 1 ngày trong 10 tháng năm 2021, trên địa bàn cả nước xảy ra 29 vụ tai nạn giao thông, gồm 19 vụ tai nạn giao thông từ ít nghiêm trọng trở lên và 10 vụ va chạm giao thông, làm 15 người chết, 10 người bị thương và 11 người bị thương nhẹ.

Natural disasters [12] occurring in the month (from September 19 to October 18, 2021) mainly were heavy rain, flood, inundation, whirlwind, lightning, hail. These made 27 people die and missing; 7 injured; 19.8 thousand hectares of rice and 15.3 thousand hectares of crops damaged; 83.4 thousand cattle and poultry died; 97 houses collapsed, swept away and 905 houses flooded, the damage was estimated at 778 billion VND, down 71.2% over the same period last year.  Generally, for the ten months of this year, natural disasters made 104 people die and missing, 128 injured; 108.6 thousand cattle and poultry died; 676 houses collapsed, swept away and 13.7 thousand houses flooded; 105.8 thousand hectares of rice and 60.2 thousand hectares of crops were damaged; the total value of property damage was estimated at 2.1 trillion VND, down 78.9% over the same period last year.

During the month[13], there were 145 fires and explosions in the whole country, killing 2 people and injuring 5 others, with estimated damage of 12.9 billion VND. In the ten months of 2021, there were 1,915 fires and explosions in the whole country, killing 84 people and injuring 125 people, with estimated damage of 356.8 billion VND./.

Socio-economic situation in October and ten months of 2021 – General Statistics Office of Vietnam (gso.gov.vn)

Source: gso