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SOCIO-ECONOMIC SITUATION IN ELEVEN MONTHS OF 2019
1. Production of agriculture, forestry and fishery
By mid-November, the whole country harvested 1,457.3 thousand ha of winter rice, accounting for 90.5% of the cultivated area and equalling 95.5% of the harvested area in the same period last year. According to the preliminary report, the productivity this year was estimated to reach 5010 kilograms per ha (kg/ha), seeing an increase of 100 kg/ha in comparison with the same crop last year; the winter rice this year recorded an output of 8.08 million tons, decreasing by 188.2 thousand tons.
The area for autumn-winter rice cultivation in 2019 at localities in the Mekong Delta gained an estimate of 724.2 thousand ha, dropping by 7.9 thousand ha from the last autumn-winter crop. Up to now, the whole region harvested 282.8 thousand ha of rice, accounting 39% of the cultivated area and equalling 92.5% of the harvested area in the same period last year. As of November 15, 2019, the Southern localities had 340.7 thousand ha of early winter-spring rice cultivated, equalling 193.4% of the cultivated area in the same period last year, of which the Mekong Delta region cultivated 339.5 thousand ha, equalling 194.1% of the recored figure in the similar period last year.
By mid-November, the whole country cultivated 94.2 thousand ha of maize, equalling 99.6% of the cultivated maize area in the identical period last year; 20.4 thousand ha of sweet potato and 5.3 thousand ha of soya bean, equivalent to the same period last year; 7.3 thousand ha of peanut, equalling 98%; 142.8 thousand ha of vegetables, equalling 105.5%.
November saw a stability in the buffalo and ox breeding throughout the country with no major epidemic diseases. Buffalo population continued to be estimated to decrease by 3.1% from the similar period last year. Ox population in November was estimated to rise by 2.4%. Poutry population witnessed a high increase of 12% in comparison with the similar period last year.
Pig breeding in the month continued to record a 22% significant drop compared with the same period last year. From the early February 2019 to November 19, 2019, African swine fever was detected in 8,505 communes belonging to 666 districts of 63 provinces and centrally-run cities with nearly 5.9 million pigs weighing over 337.9 thousand tons, of which 54% of communes had found no new outbreaks over the last 30 days. Also as of November 19, 2019, the country no longer detected bird flu and blue-ear pig disease; foot and mouth disease have not passed 21 days in Quang Tri.
+ Agricultural production as of November 15, 2019
Generally, in eleven months, the area of concentrated planted forest was recorded an estimate of 238.7 thousand ha, a decline of 4.4% compared to the same period last year. The number of separate planted forestry trees gained 75 million trees, a decrease of 1.9%; wood production achieved 14.5 trillion m3, a rise of 4.5%; and 15.6 million steres of firewood production was recorded, a decrease of 1.4%.
In general, during eleven months of this year, the area of damaged forest was 3,275.2 ha, increasing threefold compared with the same period last year, of which burnt forest area was 2,707.7 thousand ha, 5 times that in the similar period last year; destroyed forest area was 567.4 ha, a rise of 8.5%.
Overall, during 11 months of 2019, fishing production was estimated at 7,473.7 thousand tons, increasing by 5.7% from the corresponding period last year, of which the output of aquaculture gained 3,998.9 thousand tons, recording a rise of 6.4%; the production of fishery caught achieved 3,474.8 thousand tons, recording a growth of 4.8% (the production of sea catching reached 3,298.2 thousand tons, up 5.1%).
Generally, in eleven months of 2019, Index of industrial production (IIP) was estimated to increase by 9.3% over the similar period last year, lower than the 10% growth rate in the identical period of 2018.
The number of employees working in industrial enterprises as of November 01, 2019 witnessed a rise of 1.5% over the same period last month and a rise of 2.7% against the similar period last year, of which employees in the State enterprise sector saw a drop of 2.2%; employees in the non-State enterprise sector grew by 0.9%; and employees in the FDI enterprise sector went up by 4.4%.
+ Industrial Production Index
+ Main industrial products
+ Labor employed index (LEI) for industrial enterprises
+ Labor employed index (LEI) for industrial enterprises by province
3. Business registration situation
Generally for eleven months, there were 126.7 thousand newly established enterprises with a registered capital of VND 1,574.4 trillion and the registered labor of 1,137.1 thousand persons, reflecting a rise of 4.5% in the number of enterprises, 27.5% in the amount of registered capital and 11.8% in the registered labor in comparison with the same period last year. The average registered capital per new enterprise in eleven months of 2019 was VND 12.4 billion, up 22% against the same period last year. The total registered capital added to the economy in eleven months of 2019 was VND 3,675.7 trillion, including VND 2,101.3 trillion of the additional capital of 36.5 thousand enterprises registering to increase capital. In addition, there were 36.9 thousand enterprises resumed operation, increasing 15.7% over the similar period in 2018, bringing the total number of newly registered enterprises and re-operated enterprises in eleven months of 2019 to 163.6 thousand ones. On average, each month recorded nearly 14.9 thousand newly registered enterprises and re-operated enterprises.
Also in eleven months of this year, the number of enterprises suspending operation for a definite time was 27.8 thousand ones, increasing by 7.1% compared to the similar period last year; the number of enterprises ceased operation to await dissolution procedures was 38.1 thousand ones, showing a rise of 39.85, of which there were 15.8 thousand enterprises had their business registration certificates revoked under the 2018 data standardization program, 12.5 thousand enterprises announced their dissolution, accounting for 32.5%, and 9.8 thousand others waiting for dissolution procedures.
The number of enterprises completed dissolution procedures in eleven months of 2019 was 15 thousand ones, a rise of 0.8% over the same period last year, of which 13.5 thousand ones had the capital size of less than 10 billion dongs, a reduction of 0.4%. In eleven months, there were nearly 41.5 thousand enterprises not operating at the registered address, increasing by 38.7% over the same period last year.
+ Some indicators on enterprises
+ Number of newly registered enterperises
+ Number of re-operated enterprises
+ Number of enterprises suspending for a definite time
+ Number of enterprises completed dissolution procedures
Generally, in eleven months of this year, there were a 5.5% growth in total realized investment capital under the State budget compared to the corresponding period last year, with the capital of VND 299.4 trillion, equalling 78.6% of the annual plan (it increased by 12.4% and equalled 80.6% of the yearly plan in the same period of 2018), of which the capital under central management reached VND 43.7 trillion dongs, equalling 72.6% of the annual plan and decreasing by 15.8% from the similar period last year; the capital under local management reached VND 255.7 trillion, equalling 79.7% of the annual plan and increasing by 10.3% compared to the identical period in 2018.
The total foreign investment in Vietnam as of November 20, 2019, including the newly registered, adjusted capital, contributed capital and shares purchased by foreign investors, reached nearly US$ 31.8 billion, up 3.1% compared to the same period in 2018. In particular, there were 3,478 newly licensed projects with a total registered capital of US$ 14.7 billion, equivalent to an increase of 28.2% in the number of projects and a decrease of 7% in the amount of registered capital against the similar period last year. In addition, there were 1,256 turns of license-granted projects from previous years registered to adjust investment capital with an additional capital of US$ 5.9 billion, growing by 20.7%; 8,561 turns of capital contribution and share purchase of foreign investors with the total contributed capital of US$ 11.2 billion, climbing by 47.1%. Of turns of capital contribution and share purchase of foreign investors, there were 2,092 turns of capital contribution, share purchase increased the charter capital of enterprises with the contributed capital of US$ 6.8 billion, and 6,469 turns of foreign investors bought domestic shares back without increasing charter capital with the value of nearly US$ 4.4 billion. The realized foreign direct investment capital in eleven months of 2019 was estimated at US$ 17.6 billion, up 6.8% over the similar period last year.
Vietnam’s direct investment abroad in eleven months of this year recorded 148 projects newly granted the Outward Investment Registration Certificate with Vietnam’s total investment capital of US$ 353.8 million; 29 projects adjusted the capital with additional capital of US$ 105 million. Generally, Vietnam’s total offshore investment capital (including newly granted and additional capital) in eleven months of 2019 gained US$ 458.8 million.
+ Realized investment capital under the State budget in November and 11 months of 2019
+ Licensed FDI projects from January 01 to November 20, 2019
5. Government revenues and expenditures
Total estimated government revenues from the beginning of the year to November 15, 2019 achieved VND 1,299.4 trillion, equalling 92.1% of the annual estimate, of which domestic revenues recorded VND 1,051.2 trillion, equalling 89.6%; collecting from crude oil gained VND 49.5 trillion, equalling 111.1%; from export-import balance obtained VND 194.5 trillion, equalling 102.8%. In domestic revenues, revenue from State owned enterprises was VND 142.5 trillion, equalling 80.2% of the yearly estimate; revenue from foreign-invested enterprises (excluding crude oil) was VND 178.3 trillion, equalling 83.4%; VND 204.7 trillion were collected from non-State industrial, commercial and service taxes, equalling 84.8%; personal income tax revenue was VND 97.8 trillion, equalling 86.4%; 50.8 trillion dongs were collected from environmental protection tax, equalling 73.6%; collecting from land use fees reached VND 115.3 trillion, equalling 128.1%.
Total government expenditures from the beginning of the year to November 15, 2019 was estimated at VND 1,211.1 trillion, equalling 74.1% of the yearly estimate, of which regular expenditures were VND 858.4 trillion, equalling 85.9%; expenditure on development investment achieved VND 228.9 trillion, equalling 53.3%; VND 93.4 trillion were spent on interest payment, equalling 74.8%.
6. Trade, prices, transport and tourism
a) Retail sales of consumer goods and services
Generally, over the past eleven months of 2019, total retail sales of consumer goods and services reached 4,481.6 trillion dongs, increasing by 11.8% against the same period last year, if excluding the price factor, the growth rate was 9.3% (it increased by 8.7% in the same period in 2018).
By kinds of economic activity, retail sales of goods in eleven months gained 3,400.5 trillion dongs, accounting for 75.9% of the total and an increase of 12.7% over the similar period last year. Estimated sales of accommodation and catering services in eleven months of this year recorded 533.8 trillion dongs, accounting for 11.9% of the total and moving up by 9.6% from the same period last year. Sales of travelling in eleven months achieved an estimate of 41.7 trillion dongs, representing 0.9% of the total and climbing by 12.2% against the similar period last year. Sales of other services in eleven months was estimated at 505.6 trillion dongs, taking 11.3% of the total and expanding by 8.1% compared to the identical period in 2018.
+ Total retail sales of consumer goods and services in November and 11 months of 2019
b) Merchandize exports and imports
Generally for eleven months of 2019, export turnover of goods was estimated at US$ 241.42 billion, a rise of 7.8% over the same period in 2018, of which the domestic economic sector achieved US$ 74.72 billion, moving up by 18.1%, accounting for 31% of the total export turnover; the FDI sector (including crude oil) gained US$ 166.7 billion, increasing by 3.8%, accounting for 69% of total export turnover (the proportion reduced by 2.7 percentage points from the corresponding period last year).
Regarding merchandize export market in eleven months of 2019, the United States continued to be the biggest export market of Vietnam with the turnover of US$ 55.6 billion, going up by 27.9% over the same period last year; followed by EU with US$ 38 billion, a decrease of 2.3%; China with US$ 37.4 billion, a drop of 0.6%; ASEAN with US$ 23.4 billion, an increase of 2.4%; Japan with US$ 18.6 billion, a rise of 7.6%; and South Korea with US$ 18.4 billion, a growth of 10.1%.
Generally, import turnover of goods in eleven months of 2019 reached an estimate of US$ 232.31 billion, moving up by 7.4% from the same period in 2018, of which the domestic economic sector gained US$ 98.21 billion, climbing by 13.9%; the FDI sector achieved US$ 134.1 billion, jumping up by 3.1%.
About merchandize import market in eleven months of 2019, China was still the largest import market of Vietnam with turnover of US$ 68.7 billion, increasing by 15.2% against the corresponding period last year; followed by South Korea with US$ 43.6 billion, equivalent to that in the same period last year; ASEAN with US$ 29.6 billion, climbing by 1.7%; Japan with US$ 18.1 billion, moving up by 3.5%; EU with US$ 13.4 billion, growing by 6.1%; the United States with US$ 13 billion, going up by 11.3%.
Overall, in eleven months of 2019, Vietnam had a trade surplus of US$ 9.1 billion, of which the domestic economic sector recorded a trade deficit of US$ 23.5 billion; the FDI sector (including crude oil) saw a trade surplus of US$ 32.6 billion.
c) Consumer price indexes (CPI), gold and US dollar price indexes
CPI in November 2019 witnessed an increase of 0.96% compared to the previous month – the highest growth rate of CPI in November over the last nine years. However, on average in eleven months, CPI went up by only 2.57% from the same period in 2018 – the lowest average increase rate of CPI in eleven months over the past 3 years. CPI in November 2019 saw a rise of 3.78% compared to December 2018 and 3.52% against the similar period last year.
Core inflation in November 2019 moved up by 0.3% from the previous month and 2.18% over the similar period last year. Average core inflation in eleven months of 2019 increased by 1.94% over the similar period in 2018.
Domestic gold price index in November 2019 decreased by 0.63% from the previous month, grew by 11.65% over December 2018 and climbed by 17.12% against the same period last year.
The US dollar price index in November 2019 witnessed a 0.13% decline over the previous month, a 0.58% decrease against December 2018 and a drop of 0.66% compared to the same period last year.
+ Consumer price indexes, gold, US dollar price indexes and core inflation in November 2019
d) Transport of passengers and cargos
In general, during eleven months of 2019, transport of passengers reached 4,676.9 million passengers, a rise of 10.9% over the corresponding period last year and 226 billion passengers-km, a rise of 10.7%, of which domestic transport gained 4,660.9 million passengers, an increase of 10.9% and 177.8 billion passengers-km, an increase of 11.2%; overseas transport achieved 16 million passengers, an increase of 7.9% and 48.2 billion passengers-km, an increase of 8.9%. By types of transport, transport by road in eleven months achieved 4,427.9 million passengers, a rise of 11.2% against the same period last year and 148.4 billion passengers-km, a rise of 11.3%; transport by airway recorded 50.3 million passengers, a rise of 10.7% and 70.5 billion passengers-km, a rise of 10.8%; transport by inland waterway gained 184.1 million passengers, a growth of 5.5% and 3.6 billion passengers-km, an increase of 6.9%; transport by seaway reached 7 million passengers, 5.7% increase and 423.4 million passengers-km, a 6.9% growth; transport by railway reached nearly 7.6 million passengers, a decline of 6.6% and 3 billion passengers-km, a decrease of 9.3%.
Generally for eleven months, the freight reached 1,533 million tons, an increase of 9.6% against the similar period last year and 293.4 billion tons-km, going up by 7.7%, of which the domestic freight reached 1,502 million tons, an increase of 9.7% and 163.6 billion tons-km, an increase of 10.3%; oversea freight reached 31 million tons, a growth of 4.2% and 129.8 billion tons-km, an increase of 4.7%. By types of freight, freight by road in eleven months reached 1,176.7 million tons, a rise of 10.9% compared to the identical period last year and 78.9 billion tons-km, a rise of 11.1%; freight by inland waterway reached 276.6 million tons, growing by 5.6% and 57.7 billion tons-km, increasing by 6.5%; freight by seaway reached 74.6 million tons, a 5.7% increase and 152.4 billion tons-km, a rise of 6.9%; freight by airway reached 405.9 thousand tons, a growth of 10.7% and 1,055.4 million tons-km, an increase of 10.2%; freight by railway reached 4.7 million tons, a decrease of 10.2% and nearly 3.4 billion tons-km, a drop of 7.9%.
+ Carriage of passengers
+ Carriage of cargos
e) International visitors to Vietnam
Generally for eleven months of 2019, international visitors to Vietnam was estimated at 16,298.4 thousand arrivals, a rise of 15.4% compared to the same period last year, of which visitors coming by airway gained 13,005.1 thousand arrivals, accounting for 79.8% of international visitors to Vietnam, moving up by 14.1%; visitors coming by road gained 3,060.8 thousand arrivals, accounting for 18.8% and increasing by 21.4%; visitors coming by seaway achieved 232.4 thousand arrivals, accounting for 1.4% and going up by 13.7%.
In eleven months of this year, visitors from Asia recorded 12,978.8 thousand arrivals, accounting for 79.6% of total international visitors to Vietnam, increasing by 18.2% over the identical period last year. Visitors from Europe in eleven months reached an estimate of 1,985.3 thousand arrivals, a rise of 6.3% from the same period last year. Visitors from America gained an estimate of 891.8 thousand arrivals, increasing by 7.4% over the corresponding period in 2018. Visitors from Australia achieved 399.6 thousand arrivals, falling by 1% against the similar period in 2018. Visitors from Africa reached 42.9 thousand arrivals, growing by 12.5% over the same period last year.
+ International visitors to Vietnam
7. Some issues
a) Farmers’ food shortage
Generally, in eleven months of 2019, the country had about 68.5 thousand households suffering from food shortage, a decline of 34.2% from the same period last year, corresponding to 278 thousand persons suffering from this difficulty, a decrease of 33.2%. To overcome this problem, from the beginning of the year, all administrative levels, sectors and organizations from central to local level supported difficult households with over 3.9 thousand tons of rice.
b) Epidemic diseases and food poisoning
Generally for eleven months of 2019, the country deteched 277.3 thousand cases of of hemorrhagic fever, 2.8 times the number of cases in the same period of 2018 (49 cases died); 89.8 thousand cases of hand, foot, mouth disease (1 case died); 553 cases of virus encephalitis (13 cases died); 26 cases of meningococcal disease (1 case died); 41.8 thousand cases of scarlet fever suspected for measles, of which 8.2 thousand cases were infected with positive measles (3 cases died).
Total number of alive HIV-infected persons over the country as of November 18, 2019 was 209.98 thousand persons and 96.99 thousand cases turned to AIDS. The number of persons died of HIV/AIDS as of above time-point was 98.47 thousand persons.
Generally, in eleven months, 63 cases of food poisoning occured throughout the country making 1,723 persons poinsoned (9 cases died).
c) Traffic accidents
Generally, in eleven months of 2019, 15,885 traffic accidents occurred nationwide, including 8,402 cases of traffic accidents from less serious to become and 7,483 cases of traffic collisions, causing 6,975 deaths, 4,591 injuries and 7,553 minor injuries. Compared to the same period last year, the number of traffic accidents in eleven months of this year declined by 5.6% (number of traffic accidents of differently serious levels reduced by 3.2%; number of traffic collisions decreased by 8.1%); number of death fell by 6.9%; number of injuries went down by 2.3% and number of minor injuries dropped by 10.1%. On average, there were 47 traffic accidents occurred nationwide each day in eleven months of 2019, including 25 traffic accidents from less serious to become and 22 traffic collisions, causing 21 deaths, 36 injuries and 23 minor injuries.
d) Damages caused by natural calamity
In general, during 11 months, natural calamity made 129 persons died and lost, 208 persons injured, 1,851 houses collapsed and swept away, over 68.5 thousand houses damaged, 72.7 thousand ha of rice and 25.5 thousand ha of crops damaged. The total loss in asset caused by natural disasters in eleven months was estimated at over 6.1 trillion dongs.
e) Environment protection, fire and explosion prevention
Generally, eleven months of 2019 found 11,281 cases of violating regulations of environment protection over the country, of which 10,211 cases were treated with total fine of 112.2 billion dongs.
Generally, in eleven months of this year, there were 3,454 fire and explosion cases in the whole country, causing 88 deaths and 160 injuries, with an estimated damage of nearly VND 1,126.8 billion.
GENERAL STATISTICS OFFICE
 Source: National Business Registration Information System, Agency for Business Registration, Ministry of Planning and Investment.
 It is lower than the growth rate in eleven months of 2018 but higher than the growth rate in eleven months of the years from 2015 to 2017. The growth rate of total retail sales of consumer goods and services in eleven months of the years 2015-2019 compared to the same period of the previous year was in turn 10.5%; 10.1%; 10.7%; 12%; and 11.8%.
 It was lower than the growth rate of 22.1% in eleven months of 2017 and 14.6% in the same period of 2018.
 Of which trade surplus with EU in eleven months of 2019 gained US$ 24.6 billion, a decline of 6.3% compared to the same period last year; trade deficit with China was US$ 31.3 billion, a 42.3% growth; trade deficit with South Korea was US$ 25.2 billion, a decrease of 6.4%; trade deficit with ASEAN was US$ 6.2 billion, a fall of 0.8%.
 The growth rate of CPI in November compared to the previous month in the period 2011-2019 was 0.39%, 0.47%, 0.34%, 0.27%, 0.07%, 0.48%, 0.13%, 0.29%, and 0.96% respectively.
 CPI’s average increase rate in eleven months of 2017, 2018 and 2019 compared to the same period of the previous year was 3.61%, 3.59% and 2.57% respectively.
It has greatly improved road infrastructure to enhance transport connectivity with HCM City and nearby provinces, developed concentrated industrial zones and attracted workers from provinces and cities around the country.
Amid the swift evolution of the COVID-19 pandemic around the world, the GDP growth rate is still a big success as the country is pursuing the dual goal of containing the pandemic and restarting economic recovery, stressed GSO Director General Nguyen Thi Huong.
Pledges of foreign direct investment (FDI) in the first nine months of 2020 were estimated at US$21.2 billion, down 18.9% compared with the same period last year, as shown by data as of September 20.
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