Viet Nam’s economy and society in the first 9 months of 2017 took place in the context that the world economy showed signs of prosperity with stable recovery and growth of major economies such as China, the United States, Japan, Korea, and European Union. The global trade continued to show a clear improvement trend[1], which was a positive impact on domestic production. However, the rise of populism, protectionism, and trade protection, along with policy adjustments by the United States and a number of major countries significantly affected Viet Nam’s exports and some countries in the region. In the country, in addition to outstanding results in improving the business environment, enterprise development, attracting international visitors and foreign investment, the economy faced challenges such as: the decline of the mining and quarrying; prices of agricultural products and foodstuffs, especially plummeted pork prices, had a negative impact on livestock production; natural disasters, storms and floods caused heavy losses in many localities.

In this situation, the Government and the Prime Minister drastically led and directed the ministries, agencies and localities to focus on synchronous and effective implementation of Resolution No. 01/NQ-CP on the main tasks and solutions to direct and steer the implementation of the 2017 socio-economic development plan and state budget estimates; timely issued resolutions and directives to improve the business environment, promote production and growth of economic sectors and activities. As a result, the socio-economic situation continued to change positively. Results of economic sectors and activities in 9 months were as follows:

      I. ECONOMIC GROWTH

  1. Growth rate of gross domestic product

The gross domestic product (GDP) in 9 months of 2017 was estimated to increase by 6.41% over the same period last year, of which the first and second quarter rose 5.15%, 6.28%, respectively, and the third quarter was estimated to grow 7.46%. The growth rate of the first 9 months of this year was higher than the increase of 5.99% in the same period of 2016, confirming the timeliness and efficiency of the solutions issued as well as drastic direction of the Government at all levels. This was also a positive signal for the economy towards the target of 6.7% growth of the year 2017. In the overall growth of 6.41% in 9 months of this year, the agriculture, forestry and fishery sector increased by 2.78%, contributing 0.43 percentage points to the overall growth; the industry and construction sector rose 7.17%, contributing 2.45 percentage points; the service sector expanded 7.25%, contributing 2.80 percentage points.

In the agriculture, forestry and fishery sector, the fishery activities achieved the highest increase of 5.42% compared to the same period in 2016, contributing 0.17 percentage points to the overall growth; the forestry activities increased by 5.00%, contributing 0.03 percentage points; although the agricultural activities achieved a higher increase of 0.02% in the same period last year, it showed signs of slowing compared to the first 6 months when the growth rate was only 1.96%, contributing 0.23 percentage points to the overall growth.

In the industry and construction sector, the industry activities increased by 6.95%, lower than the increase of 9.86% and 7.40% of the same period in 2015 and 2016, mainly due to the mining and quarrying in 9 months of this year decreased by 8.08%, resulting in reduction of 0.57 percentage points in the overall growth rate. The highlight of this sector was the manufacturing with an increase of 12.77% (higher than the same period in 2016), contributing 2.15 percentage points to the overall growth. The construction activities maintained a good growth rate of 8.30%, contributing 0.47 percentage points to the overall growth.

In the service sector, the growth rate of some large share activities was as follows: Wholesale and retail increased by 8.16% compared to the same period last year, which was the economic activity with the highest contribution to the overall growth rate (0.75 percentage points); accommodation and catering services increased by 9.00%, contributing 0.35 percentage points; finance, banking and insurance activities increased by 7.89% (the highest growth in the last 7 years[2]), contributing 0.40 percentage points; real estate business increased by 3.99% (the highest increase since 2012), contributing 0.22 percentage points.

Regarding economic structure in the first 9 months of this year, the agriculture, forestry and fishery sector accounted for 14.66%; the industry and construction sector accounted for 32.50%; the service sector accounted for 42.67%; the product taxes less subsidies on production accounted for 10.17% (the corresponding structure of the same period in 2016 was: 15.52%; 32.52%; 41.77%; 10.19%).

From the expenditure approach of GDP in 9 months of 2017, final consumption increased by 7.30% over the same period in 2016, contributing 8.76 percentage points to the overall growth rate (of which household final consumption was the largest contributor with 8.02 percentage points); gross capital formation increased by 9.80%, contributing 4.78 percentage points; trade balance (goods & services) was in the situation of deficit, reducing 7.13 percentage points of the overall growth rate.

GDP growth rate in the third quarter of years

2015 – 2017

 

 Year-on-year growth rate (%)Contribution of the economic sectors to the growth in 3rd quarter of 2017
(Percentage point)
QIII 2015QIII 2016QIII 2017
Overall6.535.996.416.41
Agriculture, forestry and fishery2.080.622.780.43
Industry and construction9.727.687.172.45
Services6.106.677.252.80
Product taxes less subsidies on production5.526.456.310.73
  1. Agriculture, forestry and fishery

     a) Agriculture

As of mid-September, the country cultivated 1,561.1 thousand hectares of winter paddy, an equal to 98%, in comparison with that of over the same period last year, of which northern provinces completed cultivation area of ​​1,132.9 thousand hectares, an equal to 98.3%; Southern provinces cultivated 428.2 thousand hectares, an equal to 97.4%. Area of ​​cultivated winter paddy this year recorded low, of which the Red River Delta region reached 535.2 thousand hectares, a decrease of 13 thousand hectares, in comparison with that of over the previous year; North Central provinces recorded 168.5 thousand hectares, a drop of 6.2 thousand hectares. The main reason was localities converted a part of paddy area into other uses[3]. Some localities recorded a sharp decrease of ​​winter paddy area: Hanoi by 4.7 thousand hectares; Nghe An by 3.7 thousand hectares; Thanh Hoa by 2.3 thousand hectares; Hung Yen by 2 thousand hectares. Up to now, early winter paddy in the North was in the stage of maturing, nearly 61.7 thousand hectares was harvested with an estimation of the yield was 50.3 quintals /hectare, an increase of 0.4 quintals/hectare, in comparison with that of the same period in 2016.

Summer-autumn paddy this year, the country cultivated 2,105.9 thousand hectares, an equal to that of over the summer-autumn crop of the previous year, of which the Mekong River Delta reached 1,651.1 thousand hectares, a decrease of 23.4 thousand hectares[4]. As of September 15, 2017, southern provinces harvested 1,731.9 thousand hectares of summer-autumn paddy, occupied by 82.2% of the cultivated area and equaled to 105%, in comparison with that of over the same period last year, of which Mekong River Delta harvested 1,452.6 thousand hectares, made up 88% and an equal to 102.1%. According to local reports, the yield of summer-autumn paddy in the country was estimated at 54.7 quintal/hectare, an increase of 0.8 quintal/hectare, in comparison with that of over the summer-autumn in 2016; production recorded of over 11.5 million tons, an increase of 179 thousand tons, of which Mekong River Delta reached 9.03 million tons, a growth of 11.6 thousand tons.

As of middle of September, Mekong River Delta cultivated 584.8 thousand hectares of autumn-winter paddy, an equal to 90%, in comparison with that of over the same period last year, of which Dong Thap reduced by 18.6 thousand hectares; An Giang decreased by 15.3 thousand hectares; Kien Giang decreased by 3.6 thousand hectares. The weather was complicated, flood in upstream was forecasted to rise so area for autumn-winter paddy cultivation this year decreased, in comparison with that in 2016. By this time, autumn-winter paddy harvested 196 thousand hectares, an equal to 34% of sown area and equaled to 104.8%, in comparison with that of the same period last year. If the weather from now to the end of the crop was favorable, the total yield of the crop was estimated at 51.9 quintals/hectare, an increase of 1.2 quintals/hectare, in comparison with that of over the previous winter-autumn paddy.

Cultivation of annual crops recorded low, in comparison with that of over the same period last year due to the effects of rains and storms that caused widespread flood. As of mid-September, the country cultivated 1,018.2 thousand hectares of maize, an equal to 97.2%, in comparison with that of over the same period last year; sweet potatoes recorded 111.2 thousand hectares equaled to that of over the same period; groundnut recorded 181.7 thousand hectares, an equal to 96.5%; soybean recorded 79.5 thousand hectares, an equal to 92.7%; vegetables and beans recorded 977.8 thousand hectares, an equal to 102.6%.

Area of ​​perennial crops in 9 months recorded an increases of 3,366.8 thousand hectares, an increase of 1.5%, in comparison with that of over the same period last year, of which industrial crops recorded 2,204.2 thousand hectares, by 1.1%; fruit reached 897.2 thousand hectares, by 3%; oil trees reached 166.8 thousand hectares, by 0.6%; spices and medicinal plants reached 58.1 thousand hectares, a decrease of 1.2%; other perennial crops recorded 40.4 thousand hectares, an increase of 1.3%. Production of some perennial industrial crops increased in 9 months, in comparison with that of over the same period last year, of which pepper production was estimated to increase by 9%; rubber by 3.9%; coffee by 1.8%; tea shoot by 1%; Particularly, cashew production decreased by 28% due to the fog at the time of flowering so many areas recorded lost. Some fruit recorded a good increase in production due to good consumption: Dragon fruit production in 9 months was estimated to increase by 15%, in comparison with that of over the same period last year; orange by 12%; mango by 10.7%; bananas and lemons by 8.7%; pommel by 6.6%; Tangerines by 6%. Particularly, production of litchi decreased by 23.3%, in comparison with that of over the same period in 2016; longan decreased by 2.9% due to unfavorable weather during flowering period.

Buffaloes, cattle and poultry generally witnessed stability. As of September, buffalo population decreased by 0.5%, in comparison with that of over the same period in 2016; cattle increased by 2.7%; poultry went up by 5.3%. Production of buffalo living weight in 9 months was estimated at 65.8 thousand tons, an increase of 0.9%, in comparison with that of over the same period last year; cattle production reached 246.7 thousand tons, a growth of 4.9%; poultry production reached 772.7 thousand tons, a growth of 6.1%; eggs reached 7,562.7 million eggs, an increase of 7.2%. Pig farming faced difficulties in consumption, the price of pig living weight recorded low and fluctuation that made farmers not reassured to repopulation. As of September, pig population decreased by 4.2%, in comparison with that of over the same period last year. Production of pig living weight in 9 months was estimated at 2,731.9 thousand tons, an increase of 2%, in comparison with that of over the same period last year, of which the third quarter reached 521.9 thousand tons, a decrease of 2.3%. As of September 25, 2017, the country no longer recorded epidemic on cattle and poultry.

        b. Forestry

The weather from the beginning of the year was favorable for forest plantation and tending. Area of ​​concentrated forests in the country in 9 months was estimated at 162.5 thousand hectares, an increase of 3.2%, in comparison with that of over the same period last year; number of dispersed trees recorded 84.4 million, an increase of 2.6%; wood production reached 7,916 thousand m3, an increase of 8.1% due to the expansion of wood product market. Some provinces recorded high production: Phu Tho reached 458 thousand m3, an increase of 25.4%, in comparison with that of over the same period last year; Nghe An recorded 373 thousand m3, an increase of 23%; Ha Tinh recorded 209 thousand m3, an increase of 14.3%; Binh Dinh recorded 604 thousand m3, an increase of 10.3%. Production of firewood in 9 months was estimated at 21.5 million ste, an equal to the same period in 2016.

In 9 months this year, the area of ​​damaged forest was 1,316 hectares, a drop of 59.8%, in comparison with that of over the same period last year, of which recorded 471 hectares forest fire area, a decline of 79.3%; area of ​​forests cut and damaged was 845 hectares, a decrease of 15.8%. Some provinces recorded large area of ​​forests cut and damage: Dak Nong by 237 hectares; Dien Bien by 194 hectares; Lam Dong by 69 hectares; Quang Nam by 67 hectares; Binh Dinh by 58 hectares.

       c. Fishery

Fishery production in 9 months this year was estimated at 5,125.9 thousand tons, an increase of 4.5%, in comparison with that of over the same period last year, of which fish recorded 3,699.6 thousand tons, a rise of 4.1%; shrimp reached 603 thousand tons, a growth of 8%.

Aquaculture production in 9 months was estimated at 2,676.1 thousand tons, a growth of 4.2%, in comparison with that of the same period last year, of which fish reached 1,909.1 thousand tons, by 2.8%; shrimp reached 480.8 thousand tons, by 9.7%. Aquaculture recorded advantages both in terms of weather and prices. Pegasus price recorded high[5], pangasius export rose in comparison with that of over the same period last year. Area of ​​Pegasus farming in 9 months was estimated at 12.3 thousand hectares, a growth of 1.1%, in comparison with that of over the same period last year; production of Pangasiu was estimated at 871 thousand tons, an increase of 2.4%, of which Ben Tre reached 133.6 thousand tons, by 3%; Tien Giang reached 27.2 thousand tons, by 2.7%. Shrimp farming recorded well because farmers converted from intensive, semi-intensive farming into super-intensive farming, especially white shrimp. Area of ​​tiger shrimp farming in 9 months was estimated at 596.5 thousand hectares, a rise of 3.6%, in comparison with that of over the same period last year; area of ​​white leg shrimp farming reached nearly 96 thousand hectares, an increase of 15.5%. Production of white leg shrimp in 9 months was estimated at 263.9 thousand tons, a growth of 13.4%, in comparison with that of over the same period last year; Black tiger shrimp production was estimated at 187.3 thousand tons, an increase of 4.2%.

Fishery production in 9 months of the country was estimated at 2,449.8 thousand tons, an increase of 4.8%, in comparison with that of over the same period last year, of which fish reached 1,790.5 thousand tons, a growth of 5.4%; shrimp reached 122.2 thousand tons, an increase of 2.1%. Fishery production in 9 months reached 2,304.1 thousand tons, an increase of 5%, of which fish reached 1,689.7 thousand tons, an increase of 5.5%; shrimp reached 112.4 thousand tons, a rise of 2.7%. Production of ocean tuna was estimated at 17 thousand tons, an increase of 13.6%, in comparison with that against 9 months in 2016, of which Binh Dinh recorded nearly 9 thousand tons, an increase of 20.9%; Phu Yen reached 3.5 thousand tons, an increase of 7%.

  1. Industrial production

The index of industrial production (IIP) in September was estimated to increase by 13.2% over the same period last year, of which the manufacturing rose by 19.5%; the production and distribution of electricity expanded 10.4%; the water supply, waste and sewerage remediation went up 8.4%; however, the mining and quarrying continued to decrease 6%.

Generally for 9 months of 2017, the IIP increased by 7.9% over the same period last year, higher than the increase of 7.1% in the same period last year[6] and an increase of 7.2% in 8 months this year (Of which: the first quarter increased by 3.9%, the second quarter increased by 8.1%; the third quarter was estimated to increase by 9.7%). Among industrial activities, the manufacturing increased by 12.8%, which was the highest increase for many years, contributing 9 percentage points to the overall growth; the production and distribution of electricity increased by 8.9%, contributing 0.6 percentage points; the water supply, waste and sewerage remediation increased by 7.8%, contributing 0.1 percentage points; the mining industry particularly plummeted 8.1%, resulting in a reduction of 1.8 percentage points in the overall growth.

By usage purposes of industrial products, intermediate consumption (serving for following production processes) in 9 months of 2017 increased by 7.2%; final consumption products increased by 8.4%, of which means of production and final consumption products rose 8.3% and 8.4%, respectively.

In the 2-digit industrial activities, the IIP in September in a number of industrial activities gained a sharp rise year-on-year: the manufacture of electronic, computers and optical products increased by 25.1% (concentrated in the production of high-value smart phones and electronic components for global export), especially increased sharply in the third quarter with an upturn of 45.5% (higher than the increase of 5.9% in the first quarter and 23.5% of the second quarter), mainly because Samsung Group invested and expanded its production of high value electronic products with the expected revenue of the manufacture of electronics in 2017 reaching 1,188.5 trillion VND, a rise of 17.7% compared to 2016; the manufacture of metal increased by 21.4%, including the contribution of Formosa Group (expected to produce 1.5 million tons of crude steel in 2017 with revenue of 16.85 trillion VND); the manufacture of fabricated metal products (except machinery and equipment) increased by 14.2%; the manufacture of rubber and plastic products increased by 11.6%. Some industrial activities possessed a moderate increase or decrease as follows: production and processing of food increased by 6.6%; the manufacture of wearing apparel increased by 6.3%; the manufacture of beverage expanded 5%; extraction of hard coal and lignite increased by 2%; the manufacture of pharmaceuticals, medicinal chemical and botanical products went down 1.7%; tobacco production decreased by 2%; extraction of crude oil and natural gas decreased by 10.7%.

In the first 9 months of this year, some major industrial products increased highly over the same period last year, particularly: Television, iron and crude steel, rolled steel, fabric from natural yarn, urea fertilizer increased by 28%, 23.2%, 16.8%, and 15.9%, respectively. Some products increased quite well: NPK mixed fertilizer, bar and angle steel, processed seafood, commercial tap water, casual wearing apparel rose 12.9%, 11.6%, 9.4%, 9.4%, and 8.7%, respectively. Some industrial products experienced the slight increase or decline, such as: leather shoes and sandals increased 5%; mobile phones increased by 3.2% (same period in 2016 decreased by 10.7%); coal, cigarettes rose 1.9% and 0.1%, respectively; automobile, natural gas, extracted crude petroleum, liquefied petroleum gas (LPG) decreased by 4.2%, 10%, 11.1%, and 11.7%, respectively.

The IIP in 9 months compared to the same period last year of some localities with large share of the industry sector was as follows: Bac Ninh increased by 25.1%; Hai Phong increased by 20.1%; Thai Nguyen increased by 18.1%; Hai Duong increased by 11.2%; Vinh Phuc increased by 10.6%; Binh Duong increased by 9.5%; Da Nang increased by 8.9%; Dong Nai increased by 8.3%; Ho Chi Minh City increased by 7.8%; Can Tho increased by 6.9%; Ha Noi increased 6.7%; Quang Ninh increased by 4.5%; Quang Nam decreased by 3.8%; Ba Ria – Vung Tau decreased by 4.8%.

The index of industrial shipment of the manufacturing in August 2017 increased 3.4% over the previous month and 11.6% over the same period last year. Generally for 8 months, the index of industrial shipment of the manufacturing increased by 9.8% compared to 8 months of 2016 (a growth of 8.3% in the same period last year), of which industrial activities recorded a significant increase in the index of shipment, specifically: textile increased by 31.7%; the manufacture of metal increased by 22.6%; the manufacture of leather and related products increased by 16.4%; the manufacture of fabricated metal products (except machinery and equipment) increased by 15.9%; the manufacture of pharmaceuticals, medicinal chemical and botanical products increased by 15%. Some industrial activities possessed a moderate increase in the index of shipment: the manufacture of beverage increased by 5.9%; the manufacture of motor vehicles increased by 5.7%; the manufacture of electric equipment increased by 5.5%; the manufacture of tobacco increased by 5.4%.

The index of industrial inventory of the manufacturing as of 1st September, 2017 increased 9.9% compared to the same period last year (going up 9% in the same period of 2016), of which some industrial activities experienced a lower rise or decrease in the index of industrial inventory than general growth: the manufacture of metal increased by 7.8%; the manufacture of wearing apparel increased by 5.2%; the manufacture of other transport vehicles increased by 1.3%; the production and processing of food increased by 0.8%; textile decreased by 2.8%; the manufacture of tobacco decreased by 6.5%; the manufacture of pharmaceuticals, medicinal chemical and botanical products decreased by 26.6%. Some industries had a high increase in the index of industrial inventory compared to the general level: the manufacture of beverage increased by 57%; the manufacture of electronic, computers and optical products increased by 51.8% (mainly due to waiting for export orders of mobile phone products); the manufacture of motor vehicles increased by 42.5%; the manufacture of products from other non-metallic minerals (mainly cement) increased by 20.5%; the manufacture of electrical equipment increased by 16.5%.

The average index of industrial inventory of the manufacturing in the first 8 months of 2017 was 65.5% (the figure was 68.4% in the same period last year), of which some industrial activities possessed the high rate, particularly: the manufacture of pharmaceuticals, medicinal chemical and botanical products, the manufacture of chemicals and chemical products, the manufacture of motor vehicles increased by 126.2%, 84.8%, and 81.2%, respectively.

The number of employees working in industrial enterprises as of 1st September, 2017 increased by 4.6% compared to the same period last year, of which the number of employees in the State owned enterprises decreased by 3.6%; in non-state enterprises increased by 1.6%; in FDI enterprises increased by 7.5%. At the same time, the number of employees working in the mining and quarrying decreased by 4% compared to the same period last year; in the manufacturing increased by 5.9%; in the production and distribution of electricity decreased by 1.2%; and in the water supply, waste and sewerage remediation decreased by 2.5%.

The number of employees in enterprises as of 1st September, 2017 compared to the same time point of previous year in some localities with large share of the industry sector was as follows: Bac Ninh increased by 24.8%; Hai Duong increased by 9.8%; Vinh Phuc increased by 8.5%; Binh Duong increased by 5.6%; Dong Nai increased by 5.5%; Hai Phong increased by 5.1%; Thai Nguyen increased by 4.4%; Hanoi increased by 3.8%; Can Tho increased by 2.5%; Ho Chi Minh City increased by 1.6%; Da Nang increased by 0.7%; Quang Nam increased by 0.5%; Ba Ria – Vung Tau increased by 0.3%.

  1. Operation of enterprises

     a. Enterprises registration status

In September, there were 8,610 newly established enterprises with a registered capital of 80.6 trillion VND, a decrease of 30.6% in number of enterprises and 38.7% in registered capital compared to the previous month; the average registered capital of an enterprise reached 9.4 billion VND, a decline of 11.7%; the total number of registered employees in the month of the newly established enterprises was 64 thousand persons, a downturn of 37%. The number of newly registered enterprises in the month decreased because this time coincided with the lunar July that the people were unwilling to start and run business.

In the month, there were 1,946 re-operated enterprises, rose up 21.2% over the previous month; 4,441 temporarily ceased enterprises (including: 1,564 enterprises ceased for a certain period of time and 2,877 enterprises temporarily ceased without registration or awaited dissolution, an increase of 17.6%; 982 enterprises completed dissolution procedures, declining 14.3%.

Generally for 9 months of this year, there were 93,967 new enterprises registered with a total registered capital of 902.7 trillion VND, an increase of 15.4% in number of enterprises and 43.5% in registered capital  compared to the same period in 2016; The average registered capital of a newly established enterprise reached 9.6 billion VND, up 24.4%. If 1.241.3 trillion VND of more than 27.5 thousand enterprises that recorded upward adjustment of capital, the total additional registered capital in the economy in 9 months of 2017 was 2.144 trillion VND. In addition, there were 21,100 re-operated enterprises, going up by 2.9% compared to the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in 9 months up 115 thousand enterprises. The total number of registered employees of newly established enterprises in 9 months was 886.5 thousand persons, down 4.5% compared to the same period last year.

By major economic activities, in 9 months of 2017, there were 33.9 thousand newly established enterprises in the wholesale and retail (accounting for 36% of the total newly established enterprises), a growth of 17.3% over the same period the previous year; 12 thousand manufacturing enterprises (accounting for 12.8%), a rise of 9%; 11.9 thousand construction enterprises (making up 12.7%), expanding 9.6%; 7 thousand enterprises in the science, technology, consultation service, designing, advertisement and others (accounting for 7.5%), up 11.7%; 5,000 enterprises in the employment services, travel, renting and leasing of machinery, equipment and other support services (sharing 5.3%), climbing by 24.1%; 4.6 thousand enterprises in accommodation and catering services (accounting for 4.8%), a surge of 16.3%; 3.5 thousand enterprises in the real estate activities (making up 3.7%), an upturn of 62.4%; 2.5 thousand enterprises in the education and training (forming 2.7%), an increase of 26.3% ….

In the first 9 months of this year, some economic regions in the whole country recorded an increased in the number of newly established enterprises compared to the same period last year. In which: the South East had 39.6 thousand enterprises, an increase of 13.3% (registered capital of 463.7 trillion VND, rose by 72.3%); Red River Delta had 28.4 thousand enterprises, spread 16.3% (registered capital of 215.6 trillion VND, a growth of 3.4%); North Central and Central Coast areas had 12.8 thousand enterprises, a rise of 13.3% (registered capital of 116.6 trillion VND, jumping up 77.1%); Mekong River Delta had 6.8 thousand enterprises, an increase of 17% (registered capital of 48.5 trillion VND, up 18.2%); Northern Midlands and Mountains areas had 4 thousand enterprises, an upturn of 29.8% (registered capital of 40.4 trillion VND, went up 26.8%); Central Highlands had 2.4 thousand enterprises, rising by 25.5% (registered capital of 17.9 trillion VND, rose by 40.9%);

The number of enterprises completed dissolution procedures in 9 months of 2017 was 8,736 enterprises, increasing by 4.4% compared to the same period last year, of which 8,022 enterprises with capital size of less than 10 billion VND, accounting for 91.8%. By kinds of enterprise, the total number of enterprises completed dissolution procedures, there were 3,647 one-member limited liability companies (accounting for 41.8%); 2,572 two-member limited liability companies (sharing 29.4%); 1,381 private enterprises (accounting for 15.8%) and 1,136 joint stock companies (making up 13%).

The number of temporarily ceased enterprises in 9 months was 49,345 enterprises, went up 9.4% over the same period last year, including 18,499 enterprises ceased for a certain period of time, increasing by 13.5% and 30,846 enterprises temporarily ceased without registration or awaited dissolution, increasing 7.1%. Of the total number of enterprises ceased for a certain period of time, there were 7,712 one-member limited liability companies (accounting for 41.7%); 5,932 two-member limited liability companies (making up 32.1%); 3,107 joint stock companies (sharing 16.8%); 1,745 private enterprises (accounting for 9.4%) and 3 partnerships companies. For enterprises temporarily ceased without registration or awaited dissolution, there were 13,659 one-member limited liability companies (accounting for 44.3%); 9,035 two-member limited liability companies (forming 29.3%); 5,907 joint stock companies (accounting for 19.1%) and 2,245 private enterprises (constituted 7.3%).

        b. Business trends of enterprises

The results on the business trends survey of the manufacturing enterprises in the third quarter of 2017 showed that: 41.5% of enterprises assessed that the business production situation in the third quarter of this year was better than the previous quarter; 17.9% of enterprises faced difficulties and 40.6% of enterprises said that the business production situation was stable. For expected outcome of the fourth quarter, 52.6% of enterprises presented that the trend would get better in comparison with the third quarter of this year; 11% of enterprises predicted that it would be more difficult and 36.4% of enterprises said that the business production situation would be stable.

Among the main factors affecting business production situation of enterprises in the third quarter, 59.4% of enterprises said that the high competitiveness of domestic goods was the most influential factor to the operation of enterprises; 47% of enterprises believed that demand of domestic market was low; 32.2% of enterprises stated financial difficulties; 31.2% of enterprises blamed for not recruiting qualified workers; 28.1% of enterprises said that high interest rates and 22.2% of enterprises believed that high competitiveness of imported goods was an important factor.

Regarding production volume, 44.4% of enterprises pointed out production volume in the third quarter of this year increased compared to the previous quarter; 18% of enterprises reported that the production volume reduced and 37.6% of enterprises considered stable. For the trend in the fourth quarter, there were 54.2% of enterprises forecasted an increase in production volume compared to the third quarter; 9.9% of enterprises projected a decrease and 35.9% of enterprises predicted a stability.

Regarding orders for goods, there were 38.1% of enterprises had more orders in the third quarter this year than the previous quarter; 17.7% of enterprises had fewer orders and 44.2% of enterprises recorded stable orders. For the trend of the fourth quarter was better than the third quarter with 48.9% of enterprises expected an increase in orders; 10.4% of enterprises expected a decrease in orders and 40.7% of enterprises expected to have stable orders.

Regarding export orders, 32% of enterprises confirmed more export orders in the third quarter of this year compared to the previous quarter; 16.2% of enterprises experience fewer export orders and 51.8% of enterprises kept export orders stable. Trends in the fourth quarter compared to the third quarter, 39.7% of enterprises expected to have an increase in export orders; 10.6% of enterprises expected to decrease and 49.7% of enterprises expected to be stable.

Regarding cost of production, 23.8% of enterprises confirmed cost of production per unit of product in the third quarter of this year increased compared to the previous quarter; 7.5% of enterprises recorded a decrease in the cost and 68.7% of enterprises predicted the cost was equivalent to the previous quarter. For the trend in the fourth quarter of 2017, 18.4% of enterprises expected an increase in cost of production compared to the third quarter; 9.6% of enterprises believed a decrease in the cost and 72% of enterprises expected cost of production stable.

Regarding selling price, 15.9% of enterprises predicted an increase in the price of products in the third quarter of this year compared to the previous quarter; 8.6% of enterprises recorded the selling price was lower and 75.5% of enterprises had stable selling prices. Expected selling price of products in the fourth quarter compared to the third quarter, there were 15.9% of enterprises predicted higher selling price; 6.8% of enterprises forecasted lower selling prices and 77.3% of enterprises forecasted selling prices stable.

Regarding product inventory, 19% of enterprises with inventories in the third quarter of this year increased compared to the previous quarter; 30.8% of enterprises had a decrease in inventories and 50.2% of enterprises remain stable. Trends in the fourth quarter compared to the third quarter, there were 13.7% of enterprises forecasted an increase of inventories; 33.5% of enterprises predicted decrease in inventories and 52.8% of enterprises forecasted to remain stable.

Regarding input inventory, 17.7% of enterprises said that merchandise inventory increased in the third quarter of 2017 compared to the previous quarter; 28.6% of enterprises said that it was reduced and 53.7% of enterprises said that they remained unchanged. Expected that in the fourth quarter compared to the third quarter, there were 13.8% of enterprises predicting the increase in merchandise inventory; 32% of enterprises forecasted a decrease in inventories and 54.2% of enterprises predicted that it would remain unchanged in merchandise inventory.

Regarding labor use, 15.8% of enterprises affirmed that labor size increased in the third quarter of this year compared to the previous quarter; 11.4% of enterprises confirmed to decrease and 72.8% of enterprises said that they kept stable. It is expected that in the fourth quarter compared to the third quarter, 19.3% of enterprises forecasted an increase of labor size; 7.2% of enterprises believed a decrease and 73.5% of enterprises would stabilize labor size.

  1. Service operation

      a. Retail sales of goods and services

Retail and service business activities continued the upward trend compared to the same period last year. In the month, commercial centers, supermarkets and retail shops launched many promotion programs, purchasing power on the market increased more than that in the previous month. Gross retail sales of consumer goods and services in September were estimated at 336.6 trillion VND, up 1.8% against last month and 12.1% over the same period last year, of which: retail sales of goods reached 251.1 trillion VND, up 1.2% and up 12%; revenue from accommodation and catering services reached 42.7 trillion VND, an increase of 4.5% and an increase of 13%; tourism and traveling revenue gained 3.7 trillion VND, up 8.8% and up 35.8%; revenue from other services reached 39.1 trillion VND, an increase of 1.6% and 9.9% respectively.

Generally for 9 months, gross retail sales of consumer goods and services reached 2,917.6 trillion VND, up 10.5% over the same period last year, if excluding price factor, increasing by 9.2% (that in the same period in 2016 increased by 9%). In terms of economic activities, retail sales of goods in 9 months were estimated at 2,185.8 trillion VND, accounting for 74.9% of the total and increasing by 10.5% over the same period last year, of which the food and foodstuff increased by 9.8%; household appliances, tools and equipment by 11.3%; garment expanded by 14.9%; vehicles rose by 24.9%; cultural and educational items decreased by 3.5%. Some provinces had a significant increase in retail sales of goods and service revenue in the first 9 months, particularly: Quang Ninh by 15.6%; Vinh Phuc by 20.3%; Bac Ninh by 18.5%; Hai Phong by 13.9%; Thai Binh by 14.7%; Nam Dinh by 16.8%; Khanh Hoa by 19.6%; Binh Duong by 17.3%; Long An by 16.4%; particularly, two big cities, Ha Noi (accounting for 9.5% of the gross rate of the whole country) and Ho Chi Minh City (accounting for 19.9%), both increased by 11.7% compared to the same period in 2016.

Revenue from accommodation and catering services in 9 months was estimated at 362.5 trillion VND, accounting for 12.4% of the total and increasing by 12% over the same period last year, of which revenue of Binh Duong increased by 19.8 %; Hai Phong expanded by 19.5%; Binh Thuan rose by 13.5%; Ha Noi went up by 11.8%; Ho Chi Minh City increased by 8.6%. Revenue from accommodation and catering services increased significantly due to a sharp growth in foreign and domestic tourists in the first 9 months of this year and eating-out services were no longer affected by marine environmental occurrence in the provinces in Central Coastal areas in 2016.

Revenue of traveling and tourism in 9 months was estimated at 26.9 trillion VND, accounting for 0.9% of the total and increasing by 14.4% over the same period last year. The demand for domestic and abroad tourism along with the number of foreign visitors to our country increased sharply, contributing to the growth in revenue for tourism and traveling activities. Revenue of some provinces achieved a good increase: Quang Nam by 71.1%; Quang Binh by 24.1%; Kien Giang by 19.8%; Ho Chi Minh City by 14.4%; Ha Noi by 6.5%.

Revenue from other services in 9 months was estimated at 342.4 trillion VND, accounting for 11.8% of the total and increasing by 8.9% over the same period in 2016, in which some provinces had a good growth as follows: Hai Room by 14.6%; Bac Giang by 10.9%; Lam Dong by 9.2%; Ho Chi Minh City by 8.9%; and Ha Noi by 5.7%.

        b. Transportation, post and telecommunication

Passenger carriage in September was estimated at 348 million passengers, going up by 1.2% over the same period last year and 16.3 billion passengers-kilometers, up by 1.3%. Generally for 9 months, passenger carriage reached 3,013 million passengers, an increase of 11.1% compared to the same period last year and 137.3 billion passengers.km, an increase of 9%, of which, passengers carried by roadways reached 2,836.8 million visitors, increasing by 11.5% and 92 billion passengers.km, up by 7.9%; seaways reached 5.1 million passengers, an increase of 12.4% and 264.1 million passengers.km, an increase of 16.7%. Airways gained 35.5 million passengers, an increase of 11.4% and 39.7 billion passengers.kilometers, an increase of 11.9% as domestic airlines continued to strengthen domestic market exploitation, at the same time opened some international routes. Although railway transport had improved to ensure running time of the trains, because the train fare was unable to compete with budget aviation and road car transport as well as the safety was not high, there only reached 7.8 million visitors in 9 months, down 2% over the same period last year and 3 billion passengers.km, up 6.4%.

Freight carriage in September was estimated at 121.4 million tons, up 1.7% over the same period last year and 22.8 billion tons-kilometers, up 1.3%. Generally for 9 months, freight carriage reached 1,066.2 million tons, up 10.4% over the same period last year and 198.2 billion tons.km, up 6.7%, of which domestic transport reached 1,041.5 million tons, up 10.6% and 99.3 billion tons.km, up 12.1%; foreign transport reached 24.7 million tons, up 0.5% and 98.9 billion tons.km, up 1.8%. By kinds of transport, roadways reached 827 million tons, up 10.9% and 52.7 billion tons.km, up 12.1% over the same period last year; inland waterways reached 183.5 million tons, up 7.9% and 39 billion tons.km, up 8.2%; seaways reached 51.3 million tons, up 10.8% and 103.3 billion tons.km, up 3.5%; railways reached 4.1 million tons, up 9% and 2.6 billion tons.km, up 11.6%.

Revenue from telecommunication in 9 months of 2017 was estimated at 283.9 trillion VND, up 8.1% over the same period in 2016. As of the end of September 2017, the total number of telephone subscribers was estimated at 120.4 million subscribers, down 11.2% compared to the same period last year, of which mobile subscribers reached 113.2 million, down 12.7% because Ministry of Information and Communications continued to implement inspection work for the operators in the management of junk sim. It was expected that number of mobile subscribers continued cutting. The number of fixed broadband Internet subscribers was estimated at 10.5 million, up 19.5% over the same period in 2016.

        c. Foreign visitors to Viet Nam

Foreign visitors to Viet Nam in September were estimated at 975.9 thousand persons, down 20.6% compared to that in August because there were not many cultural activities, large-scale tourism and influence of the storm No 10 occurred in the provinces in the Central Coastal areas. Compared to the same period last year, tourists to our country increased by 18.6%, of which visitors from Asia increased by 21.5%, from Europe expanded by 5.7%, from the Americas rose by 9%, from Oceania went up by 16.2%, from Africa increased by 29.6%.

Generally for 9 months, foreign visitors to Viet Nam were estimated at 9,448.3 thousand persons, increasing by 28.4% compared to the same period last year, of which tourists arrived by airways reached 8,013.6 thousand persons, an increase of 31.2%; by roadways reached 1,244.8 thousand persons, an increase of 19.1%; by seaways reached 189.9 thousand persons, reducing by 6.2%.

In 9 months, visitors from Asia reached 7,099.2 thousand, an increase of 33.2% over the same period last year, of which arrivals from most major markets increased: Visitors from China reached 2,936.2 thousand, going up 47.7%; South Korea 1,714.4 thousand, increasing by 51.2%; Japan 598.3 thousand, increasing by 7.8%; Taiwan 458.3 thousand, an increase of 20%; Malaysia 334.8 thousand, an increase of 16.3%; Thailand 211.2 thousand, an increase of 11.5%; Singapore 193.2 thousand, an increase of 6.9%.

Visitors from Europe were estimated at 1,394.6 thousand persons, an increase of 19% compared to the same period last year, of which: visitors from the Russian Federation were 420.6 thousand, up 40.6%; United Kingdom: 213.1 thousand, an increase of 12.2%; France: 193.2 thousand, an increase of 7.6%; Germany 143.7 thousand, up 14.4%; the Netherlands 54.9 thousand, an increase of 13.5%; Spain 51.3 thousand, up 21.7%; Italy 43.4 thousand, an increase of 13.2%.

Visitors from the Americas reached 614.3 thousand, an increase of 10.7% over the same period last year, of which visitors from the United States reached 463.4 thousand, an increase of 9.9%. Visitors from Oceania reached 314.1 thousand, an increase of 12.4%, of which visitors from Australia reached 275.7 thousand, an increase of 13.2%. Visitors from Africa reached 26 thousand, up 29.1% over the same period in 2016.

In general, the results of attracting foreign tourists in 9 months continued to rise higher than that in the same period last year. However, in order to complete the target of receiving 13 million foreign visitors in 2017, in the last three months of the year, it must attract 1.2 million visitors per month. This requires the tourism sector to have many effective policies and measures to attract foreign tourists, especially on the occasion of the APEC Summit in November 2017 in Da Nang and the holidays coinciding with winter holidays of many countries around the world like Christmas, New Year 2018.

      II. MACROECONOMIC STABILIZATION AND INFLATION CONTROL

  1. Banking and insurance activities

As of 20th September, 2017, the total payment facilities increased by 9.59% compared to the end of 2016 (same period in 2016 was an increase of 11.76%); capital mobilization of credit institutions increased by 10.08% (same period in 2016 was a growth of 12.02%); credit growth of the economy reached 11.02% (same period in 2016 was a rise of 10.46%). Credit continued to grow well, showing the positive development trend and capacity of moderately good capital absorption of the economy.

From July 10th, 2017, the State Bank of Viet Nam reduced the policy interest rate by 0.25% and implemented supporting solutions to reduce lending interest rates under direction of the Government. Credit institutions actively implemented the policies and directions of the State Bank of Viet Nam on reducing interest rates, short-term lending rates for priority sectors decreased by 0.5%  per year; short-term lending rates for business reduced by 0.5% -1% per year; short and medium-term lending interest rates for priority sectors was reduced to 8% per year; loan programs with preferential interest rates for essential sectors in economic development and social security was actively implemented; short-term lending interest rates for reliable was from 4% -5%  per year.

The insurance activity in 9 months maintained positive growth. The premium revenue of entire market in 9 months was estimated to increase by 18% over the same period in 2016, of which the revenue of life insurance premium increased by over 22%; the revenue of non-life insurance increased by 9%.

  1. Development investment

The implementation and disbursement of investment in last month showed  positive changes, affirming the bright spot to accelerate the implementation of the realized investment in the last months of the year. Ministries, line-ministries and localities actively implemented solutions to solve difficulties, speeded up the disbursement progress of works and projects in the spirit of Resolution No. 70 / NQ-CP of August 3rd, 2017 of The Government on key tasks and solutions to accelerate the implementation and disbursement of  plans on public investment.

The realized social investment capital in the first 9 months of 2017 at current prices was estimated at 1,128.7 trillion VND, going up 12.1% over the same period last year and equaling 33.9% of GDP, including: the State sector reached 401.8 trillion VND, accounting for 35.6% and increasing by 7.2% over the same period last year; non-state sector reached 450.4 trillion VND, accounting for 39.9% and rising 15.9%; foreign direct investment sector reached 276.5 trillion VND, accounting for 24.5% and expanding 13.5%.

The growth rate of the realized investment

9 months of 2015-2017 in comparison with the same period of previous year

(At current price)

%

9 months  20159 months
2016
9 months  2017
Total109.6109.6112.1
State sector106.6106.0107.2
Non-state sector111.0110.3115.9
FDI sector112.4114.1113.5

 

In the investment of the State sector, the realized capital from the State budget in 9 months was estimated at 192.8 trillion VND, equaling 63.2% of the yearly plan and climbing up 7.1% over the same period previous year, including:

– The capital under central management witnessed 43.9 trillion VND, equaling 62.2% of the yearly plan and increasing by 4.3% compared to the same period in 2016, of which the realized investment under management of the Ministry of Transportation reached 21.8 trillion VND, equaling 68.8% and going up 38.2%; Ministry of Agriculture and Rural Development: 4,343 billion VND, equaling 69.7% and going down 10.4%; Ministry of Health: 2,480 billion VND, equaling 48.3% and increasing by 22.4%; Ministry of Education and Training: 415 billion VND, equaling 58.2% and decreasing by 70.3%; Ministry of Construction: 325 billion VND, equaling 67.3% and reducing 51.6%; Ministry of Culture, Sports and Tourism: 322 billion VND, equaling 54.8% and falling by 17.2%; Ministry of Natural Resources and Environment: 315 billion VND, equaling 52.9% and decreasing by 34.3%; Ministry of Industry and Trade: 170 billion VND, equaling 69.5% and decreasing by 46.9%; Ministry of Information and Communications: 67 billion VND, equaling 69.3% and down 24.6%; Ministry of Science and Technology: 64 billion VND, equaling 67.2% and reducing 64.1%.

– The capital under local management achieved 148.9 trillion VND, equaling 63.6% of the yearly plan and expanding 8% over the same period previous year, of which: State budget capital at provincial level reached 101.6 trillion VND, equaling 58.8% and increasing by 4.5%; State budget capital at district level gained 39.3 trillion VND, equaling 74.6% and going up 17.5%; State budget capital at commune level reached 8 trillion VND, equaling 91.8% and increasing by 11.1%. The realized investment from the State budget of some provinces and cities directly under the Central Government was as follows: Ha Noi reached 23.6 trillion VND, equaling 72.9% of the yearly plan and going up 3.6% compared to the same period in 2016; Ho Chi Minh City 12.8 trillion VND, equaling 37.6% and rising 5.3%; Nghe An 4,771 billion VND, equaling 72.9% and increasing by 16.7%; Binh Duong 4,532 billion VND, equaling 63.3% and rising 12.7%; Quang Ninh 4,428 billion VND, equaling 60.5% and going up 20%; Hai Phong 4,214 billion VND, equaling 57.4% and expanding 52.6%; Vinh Phuc 4,185 billion VND, equaling 69.8% and increasing by 15.7%; Thanh Hoa 3,511 billion VND, equaling 73.4% and jumping up 12.8%; Can Tho 3,339 billion VND, equaling 70.8% and increasing by 32.6%.

Foreign direct investment from the beginning of the year to September 20th, 2017 attracted 1,844 newly licensed projects with a registered capital of 14.6 billion USD, an increase of 1.3% in the number of projects and a rise of 30.4% of registered capital compared to the same period in 2016. Besides, 878 projects which were licensed in the previous year registered to adjust investment with an additional capital of 6.8 billion USD, an increase of 28.3% over the same period last year. Thus, the total newly registered and additional registered capital in the first 9 months of 2017 witnessed 21.3 billion USD, an increase of 29.7% compared to the same period in 2016.

In 9 months of 2017, there were 3,742 turns of capital contribution and share purchase of foreign investors with a total value of 4.2 billion USD, an increase of 64% compared to the same period in 2016. Thus, the total registered capital of new projects, additional capital, capital contribution and share purchase in 9 months reached 25.5 billion USD, a rise of 34.3% over the same period last year. The realized FDI capital in 9 months was estimated at 12.5 billion USD, an increase of 13.4% compared to the same period in 2016.

In 9 months, the electricity, gas, steam and air conditioning supply attracted the most foreign direct investment with the registered capital of newly licensed projects reaching 5.4 billion USD, accounted for 36.8% of the total newly registered capital; the manufacturing activity achieved 5.3 billion USD, accounting for 36.5%; the other sectors reached 3.9 billion USD, accounting for 26.7%. If including additional registered capital of projects licensed from previous years and capital contribution and share purchase, the total foreign investment in manufacturing activity in the 9 months of this year reached 12.6 billion USD, accounting for 49.6% of the total registered capital; the electricity, gas, steam and air conditioning supply gained 5.4 billion USD, making up 21.1%; the other sectors reached 7.5 billion USD, representing 29.3%.

In the whole country, there were 57 provinces and centrally-run cities had newly licensed foreign direct investment projects the first 9 months of this year, of which Thanh Hoa had the largest registered capital with 3,145 million USD, accounting for 21.6% of total newly registered capital; followed by Nam Dinh with 2.125.9 million USD, accounting for 14.6%; Kien Giang with 1,342.3 million USD, making up 9.2%; Binh Duong 1,172.7 million USD, representating 8.1%; Ha Noi 1,032.3 million USD, sharing 7.1%; Ho Chi Minh city 924.8 million USD, comprising 6.4%; Tay Ninh 726.4 million USD, accounting for 5%; Bac Giang with 590.1 million USD, making up 4.1%; Dong Nai 383.1 million USD, accounting for 2.6%; Binh Phuoc 342.6 million USD, representing 2.4%.

Among 74 countries and territories had newly licensed investment projects in Vietnam in 9 months, Japan ranked the top with 4,903.2 million USD, accounting for 33.7% of the total newly registered capital; followed by Singapore with 2,902.8 million USD, accounting for 19.9%; South Korea 2,304.9 million USD, making up 15.8%; China 1,281.7 million USD, sharing 8.8%; Hong Kong Special Administrative Region (China) 630.6 million USD, comprising 4.3%; Germany 334.9 million USD, accounting for 2.3%.

  1. State budget revenue and expenditure

The state budget revenue from the beginning of the year to September 15th, 2017 was estimated at 786.3 trillion VND, equaling 64.9% of the yearly estimate, of which: domestic revenue was 617.7 trillion VND, making up 62.4%; revenue from crude oil was 31.8 trillion VND, equaling 83%; budget balance revenue from import and export gained 134.6 trillion VND, equaling 74.8%. In domestic revenue, revenue from land use fee reached 72.1 trillion VND, equaling 113.2% of the yearly estimate; personal income tax was 56.2 trillion VND, equaling 69.4%; taxes on trade and non-state services gained 120.2 trillion VND, making up 61.8%; environmental protection tax recorded 27.8 trillion VND, equaling 61.5%; tax on FDI enterprises (excluding crude oil) witnessed 111.4 trillion VND, comprising 55.4%; tax on state-owned enterprises was 137 trillion VND, equaling 47.8%.

The state budget expenditure from the beginning of the year to September 15th, 2017 was estimated at 851.5 trillion VND, equaling 61.2% of the yearly estimate, of which recurrent expenditures witnessed 623 trillion VND, making up 69.5%; interest payment was 72.4 trillion VND, equaling 73.2%; expenditure on development investment was 153 trillion VND, representing 42.8% of the yearly estimate (of which expenditure on construction investment was 149.3 trillion VND, equaling 42.4%). Principal payment from the beginning of the year to September 15th, 2017 was estimated at 128 trillion VND, equaling 78.1% of the yearly estimate.

In general, the progress of State budget revenue and expenditure in the 9 months of this year remained slowly. In the coming time, all levels and agencies should focus on direction to complete the tasks on State budget revenue and expenditure in 2017.

  1. Export and import of goods and services

      a. Exports of goods

Export turnover of goods in August reached 19,767 million USD (the highest export turnover ever[7]), 1,567 million USD higher than the estimated figure in August, of which phones and their parts were 727 million USD higher; electronic goods, computers and their parts were 324 million USD higher; textiles and garments were 176 million USD higher; machinery, equipment and spare parts were 91 million USD higher; crude oil was 72 million USD higher; iron and steel were 60 million USD higher; fishery products were 41 million USD higher; wood and wooden products were 36 million USD higher than estimated.

Export turnover in September was estimated at 19 billion USD, went down by 3.9% over the previous month but continued to rise sharply over the same period in 2016. Of which: The domestic economic sector reached 5.21 billion USD, edged down by 5.3% over the previous month; FDI sector (including crude oil) gained 13.79 billion USD, reduced by 3.3%. Some export products decreased compared to the previous month: Rice declined by 21.3%; footwear dropped 21.1%; pepper decreased by 16.1%; machinery, instrument and accessory reduced by 11.4%; fishery products decreased by 10.8%; textile and garment went down by 10.3%; means of transport and spare parts decreased by 9.1%. Compared to the same period last year, export turnover in September increased by 23.6%, of which the domestic economic sector went up by 22.5%; FDI sector (including crude oil) went up by 24%. Some products had higher export turnover than that in the same period in 2016: Phones and their parts soared by 47.7%; electronic goods, computers and their parts increased by 32.3%; textiles went up by 11.7%.

Generally for 9 months, export turnover was estimated at 154 billion USD, climbed up by 19.8% over the same period last year, of which the domestic economic sector was 43.2 billion USD, went up by 16.8%; FDI sector (including crude oil) reached 110.8 billion USD, increased by 21%. If excluding the price factor, export turnover in 9 months climbed up by 14.4% compared to the same period in 2016. Export turnover of some main products continued to increase significantly over the same period last year: Phones and their parts reached 31 billion USD, jumped up by 21.4%; textile attained 19.3 billion USD, went up by 8.6%; electronic goods, computers and their parts achieved 18.5 billion USD, soared by 40.8%; footwear reached 10.6 billion USD, increased by 12.7%; machinery, instrument and accessory reached 9.3 billion USD, surged up by 30.1%; fishery products reached 6 billion USD, climbed up by 19.2%; wood and wooden products gained 5.5 billion USD, jumped up by 11%; means of transport and spare parts reached 5.1 billion USD, rose by 15.8%; vegetables and fruits gained 2.7 billion USD, grew by 45.6%; cashew nuts achieved 2.6 billion USD, edged up by 26.6% (volume increased by 1.1%). Some products had lower export turnover than that in the same period last year: Pepper reached USD 981 million, went down by 18% (volume increased by 25.1%); cassava and cassava products gained 726 million USD, decreased by 3.1% (volume went up by 4.5%); precious stones, precious metals and their products reached 414 million USD, went down by 43.3%.

Regarding the export market of 9 months, the United States was still the largest export market of Vietnam with a turnover of 31.2 billion USD, went up by 10.5% compared to the same period in 2016, of which export of shoes, sandals increased by 15.7%; textile rose by 8.1%. The following was EU with 28.4 billion USD, jumped up by 15.8%, of which electronic goods, computers and their parts increased by 24.2%; footwear increased by 14.7%; phones and their parts grew by 13.5%. Exports to China reached 21.9 billion USD, the market with the highest growth rate of 44.7%, of which electronic goods, computers and their parts soared by 88.5%; vegetables surged up by 60%. ASEAN market reached 16 billion USD, went up by 26.1%, of which electronic goods, computers and their parts increased by 49.1%; phones and their parts went up by 38.3%. Japanese market reached 12.5 billion USD, jumped up by 17.2%; South Korea reached 10.6 billion USD, climbed up by 27.3%, of which electronic goods, computers and their parts increased by 40.5%; phones and their parts rose by 36.6%; textile grew by 6.1%. Thailand market reached 3.5 billion USD, climbed up by 28.7%, of which crude oil soared by 217.5%; phones and their parts surged by 55.2%; electronic goods, computers and their parts increased by 22.6%.

Regarding the structure of export commodity groups in the first 9 months of this year, heavy industrial and mineral products reached 76.8 billion USD, climbed up by 24.3% and accounted for 49.9% of total export turnover (a rise of 1.8 percentage points compared with the same period in 2016); group of light industrial and handicraft products reached 56.8 billion USD, jumped up by 14.8% and shared 36.8% (a decline of 1.6 percentage points); agricultural and forestry products reached 14.5 billion USD, increased by 17.9% and contributed 9.4% (a fall of 0.2 percentage points) and fishery products reached 6 billion USD, went up by 19.2% and accounted for 3.9% (structure remained unchanged compared to the same period in 2016).

         b. Imports of goods

Import turnover in August reached 18,181 million USD, 381 million USD higher than the estimated figure, of which: electronic goods and their parts were 165 million USD higher; phones and their parts were 163 million USD higher; machinery, instrument and accessory were 70 million USD higher than estimated.

Estimated import turnover in September reached 18.6 billion USD, went up by 2.3% over the previous month, of which the domestic economic sector gained 7.25 billion USD, jumped up by 1.7%; FDI sector reached 11.35 billion USD, edged up by 2.7%. Some imported products increased significantly over the previous month: Phones and their parts increased by 19.6%; electronic goods, computers and their parts grew by 17.4%. Some imported products decreased significantly: fertilizer declined by 37.5%; coal reduced by 20.9%; wood and wooden products fell by 16.3%. Compared to the same period last year, import turnover in September increased by 27.3%, of which the domestic economic sector rose by 25.6%; FDI sector grew by 28.4%. Some products had import turnover higher than that in the same period last year: Phones and their parts soared by 78%; electronic goods, computers and their parts surged up by 47.3%; machinery, instrument and accessory increased by 26.3%.

Generally, import turnover of 9 months in 2017 reached 154.5 billion USD, went up by 23.1% over the same period last year, of which the domestic economic sector gained 61.3 billion USD, climbed up by 18.7%; FDI sector attained 93.2 billion USD, and grew by 26.1%. If excluding the price factor, import turnover in 9 months increased by 19.7% compared to the same period in 2016.

Import turnover of some products to meet domestic production demand increased over the same period last year: machinery, instrument and accessory reached 27 billion USD, jumped up by 32.9%; electronic goods, computers and their parts attained 25.8 billion USD, climbed up by 28.3%; phones and their parts reached 10.7 billion USD, surged up by 41.3%; fabric gained 8.3 billion USD, went up by 8.7%; iron and steel reached 6.8 billion USD, edged up by 16.1% (volume decreased by 15.7%); plastics gained 5.4 billion USD, increased by 21.4% (volume rose by 13.3%); petroleum attained 5.1 billion USD, soared by 42% (volume increased by 11.4%). Some products gained lower import turnover than that in the same period last year: Automobiles reached 3.8 billion USD, went down by 12.4%; animal feed and raw materials attained 2.5 billion USD, edged down by 2.5%; other means of transport and spare parts reached 623 million USD, dropped 22.8%.

Regarding the market of imported goods in the first 9 months of this year, China was still the largest import market of Vietnam with a turnover of 41.6 billion USD, climbed up by 15.6% compared to the same period last year, of which import of machinery, instrument and accessory increased by 24.7%; phones and their parts grew by 20.6%; electronic goods, computers and their parts jumped up by 18.9%. The following was South Korea with 33.9 billion USD, an augment of 46.5%, of which machinery, instrument and accessory surged up by 113.3%; electronic goods, computers and their parts soared by 45.9%. Imports from ASEAN market reached 20.6 billion USD, a rise of 19.7%, of which petroleum increased by 27.2%; machinery, instrument and accessory grew by 12.9%. Japan reached 11.8 billion USD, a jump of 8.2%. EU achieved 9.1 billion USD, a rise of 13.3%, of which pharmaceuticals increased by 11.6%; machinery, instrument and accessory rose by 9.8%. Thailand gained 7.5 billion USD, a growth of 21.4%, of which fruit and vegetable import surged up by 144.2%[8]; petroleum soared by 47% (volume increased by 19.4%); machinery, instrument and accessory grew by 14.1%. United States reached 6.9 billion USD, climbed up by 16.3%, of which cotton increased by 65.2%; electronic goods, computers and their parts went up by 35%.

Regarding imports structure in the first 9 months of this year, the group of capital goods reached 141.3 billion USD, jumped up by 23.6% over the same period in 2016 and accounted for 91.5% of total import turnover (a rise of 0.4 percentage points over the same period in 2016), of which machinery, instrument and accessory reached 66.8 billion USD, climbed up by 26.8% and shared 43.2% (an augment of 1.3 percentage points); material and fuel group gained 74.5 billion USD, increased by 20.8% and contributed 48.3% (a decrease of 0.9 percentage points). Consumer goods reached 13.2 billion USD, went up by 17.9% and shared 8.5% (a decline of 0.4 percentage points).

Due to the sharp increase of export turnover, the trade balance of goods in August saw a trade surplus of 1.586 million USD[9]. Export surplus in September was estimated at 400 million USD, trade deficit for the first 9 months of 2017 was 442 million USD, of which the domestic economic sector saw a trade deficit of 18.08 billion USD; FDI sector witnessed a trade surplus of 17.64 billion USD. Notably, the trade deficit from Korea in the first 9 months of 2017 amounted to 23.3 billion USD, an increase of 57.7% compared to the same period in 2016, the largest trade deficit market of Vietnam; followed by trade deficit from China with 19.7 billion USD, a decline of 5.6%; trade deficit from ASEAN made up 4.6 billion USD.

         c. Import and export services

Export of services in 9 months of this year was estimated at 9.74 billion USD, went up by 7.3% over the same period last year, of which tourism service export reached 6.58 billion USD, accounted for 67.6% of the total export turnover and increased by 7.3%; transport services gained 1.91 billion USD, shared 19.6% and went up by 6.4%. Services import in 9 months was estimated at 12.55 billion USD, edged up by 2.9% year-on-year (YoY), of which transport service import was 5.97 billion USD, contributed 47.5% to the total import turnover and increased by 0.9%; tourism services reached 3.7 billion USD, accounted for 29.5% and increased by 10.4%. The trade deficit of service in 9 months was 2.81 billion USD, equivalent to 28.9% of service export turnover.

  1. Price index

      a. Consumer price index

Consumer price index (CPI) in September 2017 increased by 0.59% over the previous month. Among 11 major commodity and service groups, 9 groups had price index in September higher than that in the previous month, of which the education group gained the highest growth rate with 5.00% (education service increased by 5.74%) because in the month, there were 41 provinces and cities directly under the Central Government implementing the roadmap to increase tuition fees. Transportation group grew by 1.51% due to the influence of 2 adjustments in petroleum and oil prices on September 5th, 2017 and on September 20th, 2017, causing a rise in fuel price index of 3.54% ( making CPI increase by 0.14%); housing and construction materials rose by 0.69%[10]. The group of medicine and health care services increased by 0.25% (health care service rose by 0.31%) because in 3 months, there were 3 provinces and cities directly under the Central Government enhancing the price of health care services for people with health insurance. Group of food and catering services increased by 0.08%, of which food increased by 0.14%[11]; foodstuff rose by 0.06% due to rising prices of fresh food[12]; household appliances went up by 0.06%; garments, hats and shoes edged up by 0.05%; beverages and cigarettes climbed up by 0.02%; other goods and services increased by 0.11%. Cultural, entertainment and tourism groups decreased by 0.08%; postal service and telecommunication fell by 0.04%.

The average consumer price index in 9 months of 2017 increased by 3.79% compared to the same period in 2016; CPI in September 2017 rose by 1.83% over December 2016 and grew by 3.40% against the same period in 2016. CPI in the first 9 months of 2017 increased due to the following main reasons: (i) Localities adjusting the price of health care services according to Joint Circular No. 37/2015/TTLT-BYT-BTC dated October 29th, 2015 of the Ministry of Health and the Ministry of Finance and Circular No. 02/2017/TT-BYT dated  March 15th, 2017 of the Ministry of Health; (ii) Some localities implemented the roadmap to increase tuition fees according to Decree No. 86/2015/ND-CP dated October 2nd, 2015 of the Government; (iii) Prices of essential goods in the world such as fuel and iron prices rose again in the first 9 months of 2017, leading to an augment in import and export price index over the same period last year.

In addition to the reasons for CPI increase in 9 months of 2017, there were a number of factors contributing to curbing CPI: (i) Food price index decreased by 2.32% compared to the same period last year, of which living weight pig price continued to fall sharply due to plentiful supply while demand for pork for export to China decreased; (ii) Authorities at all levels and in all sectors strengthened the implementation of market inspection, control, and stabilization, to ensure that no sudden price increases occurred in the Lunar New Year.

Core inflation in September 2017 increased by 0.08% over the previous month and rose by 1.32% over the same period last year. The average core inflation in 9 months of 2017 increased by 1.45% compared to the same period in 2016.

       b. Gold and US dollar price index

Gold price index in September 2017 increased by 2.61% compared to the previous month; 6.12% compared to December 2016; 0.55% over the same period last year. The US dollar price index in September 2017 increased by 0.03% compared to the previous month; decreased by 0.03% compared to December 2016 and grew by 1.78% against the same period in 2016.

       c. Producer price index

The producer price index for agricultural, forestry and fishery in the third quarter of this year gained an increase of 1.29% compared to the previous quarter and a reduction of 2.24% over the same period of last year, of which the producer price index for agriculture decreased by 1.83% and by 5.48%; the producer price index for forestry went up 0.08% and climbed up 4.31%; the producer price index for fishery rose by 0.21% and by 7.63%. Generally for 9 months, the producer price index for agriculture, forestry and fishery increased by 0.71% over the same period of 2016.

The producer price index for industry in the third quarter reduced by 0.64% compared to the previous quarter and by 0.70% over the same period of last year, of which the producer price index of mining and quarrying products fell by 1.65% and jumped up 7.55%; the producer price index of manufacturing products decreased by 0.69% and by 1.76%; electricity, gas, steam and air conditioning rose by 1.27% and 4.77%; water supply, waste and sewerage management and remediation activities increased by 0.27% and 1.47%. Generally for 9 months, producer price index for industry accelerated by 0.44% in comparison with the same period last year.

Input producer price index in the third quarter of 2019 increased by 0.57% compared to the previous quarter and increased by 0.69% compared to the same period last year, of which input producer price index for agricultural, forestry and fishery production decreased by 1.68% and 3.67%; input producer price index for industrial production increased by 0.46% and decreased by 0.02%; input producer price index for construction increased by 1.99% and by 7.19%. Generally for 9 months in 2017, input producer price index for production increased by 0.61% compared to the same period in 2016.

The transport and storage service price index in the third quarter increased by 0.49% compared to the previous quarter and increased by 2.90% compared to the same period last year, of which the railway fare price index rose by 3.08% and decreased by 2.21 %; road and bus transport increased by 0.04% and 1.20%; waterways increased by 0.50% and 0.35%; airways increased by 2.52% and 9.28%; storage and transport supporting services increased by 0.15% and 1.58%. Generally for 9 months in 2017, the transport and storage service price index increased by 2.12% compared to the same period in 2016.

The producer price index for service in the third quarter of 2017 increased by 0.78% compared to the previous quarter and increased by 3.97% over the same period last year, of which the producer price index for service of some economic activities was as follows: accommodation and catering services increased by 0.59% and 2.90%; information and communication increased 0.09% and 0.36%; education and training rose by 2.81% and 7.61%; human health and social work activities increased by 3.07% and 26.65%. Generally for 9 months in 2017, the producer price index for service increased by 3.76% compared to the same period in 2016.

       d. Import and export price index

Merchandise export price index in the third quarter decreased by 0.83% compared to the previous quarter and increased by 3.68% over the same period last year, of which the price index of agricultural products and foodstuffs dropped 0.15% over the same period and climbed up by 9.15%; fuel group decreased by 3.19% and soared 24.47%; manufacturing products reduced by 0.85% and rose by 0.48%. Export price index of some items in the third quarter was as follows: Aquatic products increased by 0.94% over the previous quarter and rose by 10.05% against the same period of previous year; coffee rose by 0.96% and 31.05%; crude oil declined by 3.53% and surged up 28.89%; rubber fell by 6.08% and went up by 40.74%; iron and steel increased by 1.69% and reduced by 4.40%. Generally for 9 months, the merchandise export price index in 9 months of 2018 increased by 4.73% compared to the same period of 2016.

The merchandise import price index in the third quarter decreased by 0.19% compared to the previous quarter and by 1.82% compared to the same period last year, of which the import price index of agricultural products and foodstuff fell by 0.31% and increased by 0.90%; fuel group fell by 0.98% and increased by 6.37%; manufacturing goods decreased by 0.15% and increased by 1.19%. The import price index of some items was as follows: Liquefied natural gas decreased by 5.85% compared to the previous quarter and increased by 3.05% over the same period last year; gasoline decreased by 0.10% and increased by 8.95%; rubber increased by 2.69% and 29.04%; wood and wood products went up by 0.81% and by 0.27%; computers, electronic products and components decreased by 1.05% and increased by 2.24%. Generally for 9 months in 2017, the merchandise import price index increased by 2.81% compared to the same period in 2016.

Merchandise term of trade[13] in the third quarter decreased by 0.64% compared to the previous quarter but increased by 1.82% compared to the same period last year, of which the merchandise term of trade of gasoline fell 2.69% and increased by 19.05%; rubber decreased by 8.54% and increased by 9.07%; computers, electronic products and components increased by 1.77% and 3.59%; phones and components decreased by 3.42% and rose by 13.79%. Generally for 9 months in 2017, the merchandise term of trade increased by 1.87% compared to the same period in 2016.

      III. SOCIAL ISSUES

  1. Population, labor and employment

The national average population in 2017 was estimated at 93.7 million persons, of which the urban population was 32.9 million persons, accounted for 35.1%; the rural population was 60.8 million persons, made up 64.9%; meanwhile by gender, the male and female population was 46.2 million persons and 47.5 million persons respectively with the corresponding share of  49.3% and 50.7%.

According to the results of the 2017 Population change and Family planning survey, as of 1 April 2017, the total fertility rate in 2017 was estimated at 2.04 children per woman; the crude birth rate was 14.71‰; The sex ratio at birth was 112.4 male births per 100 female births; the crude death rate was 6.84‰; The infant mortality rate (the number of death children under one year of age per 1000 live births) was 14.35‰; The under-5 mortality rate was (the number of death children under five year of age per 1000 live births) was 21.55‰. The national average life expectancy at birth was 73.5 years in in which the average life expectancy of male and female was 70.9 and 76.2 years, respectively.

As of 01 October 2017 labor force aged 15 years and over of the whole country was estimated at 54.88 million persons, a year on year increase of 446.4 thousand, of which the number of male employees was 28.38 million persons, accounted for 51.7%; the number of female employees was 26.5 million persons, made up 48.3%. By region, the employed population aged 15 years and over working in urban and rural areas were 17.68 million persons and 37.2 million persons respectively with the corresponding share of 32.2% and 67.8%.

Labor force in working age was estimated at 48.21 million persons, a year on year increase of 391.8 thousand persons, of which male employees was 26.03 million persons, made up 54%;female employees was 22.18 million persons, accounted for 46%. Labor force in working age working in urban and rural area was 16.10 million persons and 32.11 million persons respectively with the corresponding share of 33.4% and 66.6%.

Over the last 9 months, the employed population aged 15 years and over was estimated at 53.52 million persons, of which employees of the agriculture, forestry and fishery sector were 21.64 million, made up 40.4% of the total employed population; the industry and construction sector was 13.7 million persons, the corresponding share of 25.6%; and the service sector was 18.18 million persons, with the corresponding share of 34%.

Unemployment rate and underemployment rate tended to decrease over the quarters. Underemployment rate at working age in Q1 2017 was 2.30%; and estimated for Q2 2017 was 2.26%, and estimated for Q3 2017 was 2.21. Generally, for 9 months of 2017 the unemployment rate of labor force in working age in Q1 was 2.26%, (urban area: 3.19%; rural area: 1.79%). The youth unemployment rate (aged 15 to 24) in 9 months 2017 was 7.63%, of which urban and rural was 11.99% and 5.96%, respectively. Underemployment rate at working age in Q1 2017 was 1.82%; Q2 2017 was 1.62%, and estimated for Q3 2017 was 1.51. Generally, for 9 months of 2017 the unemployment rate of labor force in working age was 1.64%, (urban area: 0.87%; rural area: 2.06%).

Percentage of employment in the informal economy in non-agricultural activities[14] in Q1 2017 was 56.9%; Q2 2017 was 57.3%, estimated for Q3 2017 was 57.0%, of which urban and rural area was 48.7% and 64.1%. Generally, for 9 months of 2017 the national percentage of employment in the informal economy in non-agricultural activities was 57.1%, (urban area: 48.7%; rural area: 64.3%).

  1. Living standards and social security

Over the last 9 months of 9 months of 2017, living standards were generally stable. However, because pork prices in the earlier months of the year fell sharply and the impact of natural disasters, storms and floods, the lives of livestock households and residents in some localities still faced many difficulties. Attention was continued to be paid to the social security and poverty eradication. According to the preliminary report, the total budget from central level, provincial level and organizations and individuals for social protection and poverty reduction in 9 months was 5,560 billion VND, of which: 3,256 billion VND of gifts and assistances for policy beneficiaries; 1,677 billion VND to support poor households and 627 billion VND for hunger-relief and other social reliefs. Besides, there were 15 million health insurance cards, free health care books/cards were donated to policy beneficiaries in the whole country.

Food shortage among farmers witnessed a continuous fall compared to the previous year. In September, the whole country witnessed 1.6 thousand households suffering from food shortage a year on year fall of 79.2%, corresponding to 7 thousand persons suffering from food shortage, declined by 78.1%. Generally, for 9 months of 2017, the whole country witnessed 163.5 thousand households suffering from food shortage a year on year fall of 34.9%, corresponding to 671.1 thousand persons suffering from food shortage, declined by 35.5%. In order to overcome food shortage, from the beginning of the year, all administrative levels, sectors and organizations from central to local level supported these households with 17.3 thousand tons of food and more than 1 billion VND.

  1. Education and Training

The organization of the 2017 national graduation exam of upper secondary schools continued in the direction of reducing pressure and financial burden for candidates, families and society. According to preliminary reports, the national graduation exam of upper secondary schools in this year was held at 63 exam location groups, corresponding to 2,364 exam locations and 36,832 exam rooms. The number of registered candidates for the exam was 866 thousand persons, of which 640,4 thousand candidates registered for university and college admission, accounting for 74% of the total number of candidates registered for the exam. The number of actual candidates for pedagogical university and colleges admissions was 445.6 thousand persons (accounting for 70% of the total number of candidates registered for the admission), of which 352.2 thousand students participated in the examination with the results of the national graduation exam of upper secondary schools and 93.4 thousand students participated in the education record admission.

At the beginning of the school year 2017-2018, there were about 5.2 million preschool children (0.7 million children enrolled nursery schools and and 4.5 million children enrolled kindergartens); 15.5 million general school pupils enrolled, of which 7.8 million primary school pupils, 5.3 million pupils at lower secondary school and 2.4 million pupils at upper secondary school.

According to the report of the Ministry of Labor, Invalids and Social Affairs, currently, there were 1,980 vocational education establishments in Viet Nam, including 396 colleges, 549 secondary schools and 1,035 continuing education centres. As of August 2017, vocational training enrolled 1,045 thousand students, of which there were 145 thousand college and secondary students; short-term training and vocational training for at least 3 months enrolled 900 thousand persons. Besides, during the first half of 2017 there were about 200 thousand rural workers and 10 thousand disabled people were supported with vocational training under the Project of vocational training for rural workers by 2020.

  1. Epidemic diseases and food poisoning

In September 2017, the whole country witnessed 18.9 thousand cases of hand, foot and mouth disease; 73 cases of typhoid; 58 cases of viral encephalitis (4 deaths); 3 cases of meningococcal meningitis; 53 cases of Japanese encephalitis (2 deaths); 3 cases of Zika virus infection, 22 cases of whooping cough; 16 cases of human streptococcus suis infection (1 death). Generally for 9 months of 2017, the whole country witnessed nearly 62.1 thousand cases of hand, foot and mouth disease; 475 cases of typhoid; 553 cases of viral encephalitis (19 deaths); 27 cases of meningococcal meningitis (3 deaths); 184 cases of Japanese encephalitis (6 deaths); 31 cases of of Zika virus infection; 530 cases of whooping cough (5 deaths); and 142 cases of human streptococcus suis infection (12 deaths). Particularly, hemorrhagic fever epidemic was still complicated across the country. In September there were 44.6 thousand cases (8 deaths), bringing the total number of cases in 9 months this year to 125.2 thousand cases (105.3 thousand cases must be hospitalized), of which 29 deaths.

As of 15 September 2017, the total number of alive HIV-infected persons over the country was 216.4 thousand persons and the number of cases turned to AIDS was 87.5 thousand persons; the number of persons died of HIV/AIDS nationwide was 95.4 thousand persons.[15]

There were 7 cases of food poisoning in the month with 341 poisoned persons. From 18 December 2016 to 17 September 2017, there were 84 severe food poisoning cases, poisoned 2,572 persons, of which 17 deaths.

  1. Culture and Sport

Cultural activities during the first 9 months of 2017 focused on celebrating Great Holidays, major events of the country and creating cultural life in residential areas. The events were organized solemnly, safely, economically and effectively; attracted attention and participation of people. Festival management focused on promoting the advantage of folk festivals and in line with cultural traditions; strengthening supervision and determined to address those festivals that violated the regulation and failure in ensuring security and environmental sanitation.

Physical training and mass sport activities continued to be strengthened with several activities as follows a day of Olympic for people’s health; Sports Games at all levels, relay race supporting SEA Games 29, Para Games 9 and National Children Swimming “Green track” in Hanoi; Mekong Delta Sports Games; Sports competition of ethnic minorities in region II in Dak Lak and many other mass sports tournaments

Regarding high performance sports, Viet Nam Sport Delegation won 428 gold medals, 301 silver medals and 351 bronze medals in regional, world tournaments. At the 29th Southeast Asian Games (29th SEA Games), Viet Nam Sports Delegation successfully defended the 3rd position of 11 countries participating with 58 gold medals, 50 silver medals and 60 bronze medals, breaking 11 SEA Games records.

  1. Traffic accidents

In this month (from 16 August to 15 September), there were 1,577 traffic accidents occurred nationwide, including 722 traffic accidents from less serious to more and 855 traffic collisions, causing 700 deaths, 336 injuries and 889 slight injuries. Compared to the same period last year, the number of traffic accidents in September decreased by 15.5% (the number of traffic accidents from less serious to more decreased by 12.7% and the number of traffic collisions went down by 17.8%); the number of deaths rose by 2.6%; the number of injuries decreased by 33.3% and the number of slight injuries decreased by 28.1%.

Generally, for the first 9 months of 2017, there were 14,352 traffic accidents occurred nationwide, including 7,017 traffic accidents from less serious to more and 7,335 traffic collisions, causing 6,122 deaths, 3,489 injuries and 8,270 slight injuries. Compared to the same period last year, the number of traffic accidents in 9 months of this year decreased by 6.9% (traffic accidents from less serious to more decreased by 6.1%; the number of traffic collisions declined by 7.6%); the number of deaths decreased by 4.9%; the number of injuries dropped 18.6% and the number of slight injuries decreased by 10%. Of the total of 7,017 traffic accidents from less serious to more over the last 9 months, 6,814 cases (accounted for 97.1%) occurred on the road, causing 5,978 deaths and 3,441 injuries. There were 112 cases of railway traffic accident, causing 96 deaths and 32 injuries; 91 cases of waterway and maritime traffic accidents, causing 48 deaths and 16 injuries. On average 52 traffic accidents occurred a day in 9 months of 2017 nationwide, including 25 traffic accidents from less serious to more and 27 traffic collisions, caused 22 deaths, 13 injuries and 30 slight injuries.

  1. Damages caused by natural disasters 

In September 2017, storms, floods, heavy rains and landslides seriously affected the lives and production of many localities in the country. According to preliminary reports, natural disasters caused 29 deaths and missing, 97 injuries; 574 houses were collapsed and swept away; nearly 205.1 thousand houses were flooded, hit by landslide, roof ripped-off; 21.7 thousand hectares of rice and 15.1 thousand hectares of arable crops were damaged. Total value of loss caused by natural disasters in the month was estimated at 16.7 trillion VND.

Especially in the middle of September, the storm No. 10 (rated as the strongest storm in many years) hit the Central provinces, but thanks to the timely, accurate forecasting and drastically directed by the Government along with the serious implementation of storm prevention and control of ministries, line ministries and localities, contributing to minimize damage caused by the storm. However, the storm caused heavy damage to coastal provinces, especially in the storm center from Ha Tinh to Quang Binh. According to preliminary reports, the storm No. 10 caused 11 deaths and 81 injuries; 485 houses collapsed, swept away and 201.8 thousand houses were flooded, hit by landslides, roof rip off; 17.8 thousand hectares of rice, 14.4 thousand hectares of arable crops, 48.1 thousand hectares of fruit trees, industrial trees and 13.4 thousand hectares of aquaculture areas were flooded and damaged; 8 fishing vessels were sunk and 816 boats were damaged and swept away; 53 km of canals were eroded; the loss value was estimated at over 16 trillion VND. The affected localities were urgently overcoming the consequences of the storm, repairing the transport system, irrigation infrastructure, rebuilding houses, and supporting production restoration in order to stabilize people’s lives soon.

Generally, for the 9 months of 2017, natural disasters caused 169 deaths and missing, 232 injuries; 1.6 thousand houses were collapsed and swept away; 233.8 thousand houses were flooded, hit by landslide, roof ripped-off; 66.1 thousand hectares of rice and 45.4 thousand hectares of arable crops were damaged. Total value of loss caused by natural disasters in 9 months was estimated at nearly 21.5 trillion VND. Some localities suffered much damage: Quang Binh suffered 5 deaths and 59 injuries; 243 houses collapsed, swept away and 101.3 thousand houses were flooded, hit by landslides and roof ripped-off; 4.5 thousand hectares of rice and arable crops were damaged. The value of damage was estimated at over 7.9 trillion VND. Ha Tinh suffered 2 deaths and 14 injuries; 171 houses collapsed, swept away and 102.2 thousand houses were flooded, hit by landslides and roof ripped-off; 20.3 thousand hectares of rice and arable crops were damaged. The value of damage was estimated at 6.6 trillion VND. Nghe An suffered 12 deaths, missing and 16 injuries, 162 houses collapsed, swept away and 10.4 thousand houses were flooded, hit by landslides and roof ripped-off; 19.2 thousand hectares of rice and arabke crops were flooded and damaged. The damage value was estimated at 1.9 trillion VND. Quang Tri suffered 1 death and 19 wounded, 4.2 thousand houses hit by landslides and collapsed, swept away, 7.6 thousand hectares of rice and  arable crops were flooded and damaged. The estimated loss value was 1 trillion VND. Yen Bai suffered 24 deaths, missing and 26 injuries; nearly1 thousand houses were hit by landslide, roof ripped-off and collapsed; 2.4 hectares of rice and arable crops were flooded and damaged; estimated damage was about 800 billion VND. According to preliminary reports, the total amount of relief allocated for localities affected by natural disasters from the beginning of the year was over 551 billion VND.

  1. Environment protection, fire and explosion prevention

In September 2017, 1,824 cases of violating regulations of environment protection were found, of which 886 cases were addressed with total fine of nearly 29.9 billion VND. Generally, for the 9 months of 2017, 13,861 cases of environmental violations across the country were found, of which 11,600 cases were addressed with a total fine of over 175.4 billion VND.

In September, there were 273 cases of fire and explosion across the country, causing 8 deaths and 15 wounded, with an estimated damage of 300 billion VND. Generally, for the 9 months of 2017, there were 3,188 fires and explosions nationwide, causing 79 deaths and 203 injuries, with an estimated loss of 1.5 trillion VND. Compared to the previous year, the number of fire and explosion cases increased by 29.6%, the number of deaths fell by 12.2%, the number of injuries decreased by 6%, and the loss was estimated to increased by 40.4%.

In general, socio-economic situation in the first 9 months of 2017 continued to witness positive change. Macroeconomic was stable, inflation was controlled, the growth rate improved clearly through each quarter. The service and manufacturing industries witnessed a steady growth. Investment and business environment continued to improve. Exports were high, international visitors and foreign investment noted good increase.  Unemployment and underemployment rates were lower than the same period and tended to decrease. were paid more attention in implementing and achieving certain results. However, our economy still faced several challenges: Mining industry continued to decline, agricultural production showed signs of slowing down. Progress of state budget collection, disbursement of public investment were still slow. Natural disasters, storms and floods were complicated and unusual, affecting agricultural production; life of a segment of population was still difficult.

In order to reach the socio-economic development objectives in 2017, including the annual GDP growth target of 6.7%, the tasks in the last months of the year were still very huge, requiring branches and levels , localities and the business community must effectively implement the Government’s Resolution No.01/NQ-CP on major tasks, solutions to implement the Socio-economic development plan and estimation of the State budget in 2017; social and state budget estimates; Directive No. 24/CT-TTg of the Prime Minister on key tasks and solutions to promote the growth of industries and sectors in order to realize the economic growth target in 2017 and the proposed solutions at the Government Resolutions and the Prime Minister’s directions to implement the 2017 growth scenario focusing on the following contents:

Firstly, to regulate proactive and flexible monetary policies, contributing to stabilize the monetary market, supporting growth and controlling inflation. To continue to implement measures to reduce lending interest rates, striving for 2017 credit growth of 21%. To concentrate credit capital for priority areas such as agriculture, rural areas, exports, supporting industries, high-tech application areas; create conditions for small and medium enterprises, start-up enterprises and infrastructure investment enterprises to access loans conveniently to develop production and business. To enhance and effectively implement measures to prevent losses, transfer pricing and tax arrears. To closely supervise expenditures from the State budget, thoroughly save recurrent expenditures.

Secondly, pro-actively monitor the weather changes to minimize the impact of natural disasters, storms and floods on agricultural production and aquaculture. To continue to support farmers to convert the inefficient rice land into short-term crops, fruit trees and aquaculture. To effectively control disease, strengthen monitoring to ensure food safety and hygiene, especially to eliminate the use of prohibited substances in livestock; to strengthen trade promotion, removing barriers, expanding consumer markets both at domestic and abroad. To promote aquaculture in the chain associated with stable consumption market, ensure sustainable production. To have appropriate mechanisms and policies on fishing vessel insurance so that fishermen can feel secure during operation on sea.

Thirdly,to accelerate implementation and disbursement of public investment in the last months of the year, contribute to promoting growth, focus on major and important projects, national target programs, to ensure implementation and disbursement of all public investment allocated in 2017. To strengthen inspection and monitoring to ensure public investment to be effectively and economically used for the right purpose, avoid any waste, corruption and debt in infrastructure construction. To promote the steady real estate market, encourage social housing development and have specific solutions to stabilize the price of sand and construction materials.

Fourthly,to encourage domestic consumption demand, increase competitiveness of domestic goods over imported goods, contribute to maintain growth of manufacturing industries. To enhance trade promotion, increase export through the preparation of goods sources to ensure the requirements of quality, design, food safety to export to markets where Free Trade Agreements were signed. Strict control of imports, especially border trade import and temporary import and re-export of agricultural products. To conduct market forecast , proactively build measures to respond to trade barriers, with US policy changes applied to Vietnam’s shrimp and catfish export products. To maintain and strengthen export of agricultural products to the Chinese market.

Fifthly,to enhance tourism promotion, have policies and measures to effectively attract international visitors, especially those coming from markets with high spending and long stay in Viet Nam. To take the opportunities to promote and attract international visitors on the occasion of Viet Nam hosting APEC Summit in November 2017 in Da Nang and holidays that coincide with winter holidays of many countries around the world such as Christmas and the New Year 2018.

Sixthly, effectively implement the National Target Program for sustainable poverty reduction. Social security policies must be well performed; timely support and ensure that people in areas affected by natural disasters, storms, floods stabilize their lives and restore production.

GENERAL STATISTICS OFFICE


[1] On 21st September 2017, the World Trade Organization (WTO) raised its forecast for growth in world trade in 2017 to 3.6%, higher than the previous forecast of 2.4% and higher than the growth rate of 1.3% in 2016.

[2] The growth rate of finance, banking and insurance activities in the first 9 months of some years from 2011 to 2017 was 6.99%, 5.97%, 6.68%, 5.39%, 6.70%, 7.38%, and 7.89%, respectively.

[3] In the Red River Delta and North Central area, conversion into non-agricultural land (infrastructure construction, irrigation works …) was 3.9 thousand hectares; conversion to other annual crops was 2.8 thousand hectares; perennial crops was 1.5 thousand hectares; aquaculture was 1.7 thousand hectares; the area of fallow (abandoned due to difficulties in irrigation and lack of labor) was 2.4 thousand hectares and 1.3 thousand hectares due to heavy rains causing flood.

[4] Of which: conversion area into aquaculture was 8.1 thousand hectares; into perennial crops was 7.9 thousand hectares; conversion into other annual crops was 540 hectares; area of unproductive land was 6.3 thousand hectares due to the late winter-spring crops, so it was not included in the summer-autumn crops.

[5] Pangasius prices fluctuated from 22,000-25,000 VND / kg, an increase of 4,000-5,000 VND / kg compared with that of over the same period last year.

[6] In the first 9 months of 2016, the IIP of the mining and quarrying decreased by 5.5%; the manufacturing increased by 10.5%; the production and distribution of electricity increased by 11.6%; the water supply, waste and sewerage remediation increased by 6.9%

[7] As Samsung Company launched a number of new products, the export turnover of phones and their parts, electronic goods, computers and their parts increased sharply.

[8] The import turnover of fruits and vegetables from Thailand in 9 months of 2017 was 707 million USD.

[9] Trade surplus in August was estimated at 400 million USD.

[10] Of which, prices of housing maintenance materials increased by 1.18% because steel prices increased by 8% -10%; Domestic liquified gas price grew by 5% from the beginning of September; The average oil price in September 2017 went up by 3.08%.

[11] Due to the need for contracts to export 175 thousand tons of rice to Philippines and the effects of rain and flood, rice prices increased in some localities.

[12] Of which: The price of living-weight poultry increased by 0.65%; fishery product prices rose by 0.31%; vegetable prices increased by 1.2%.

[13] Merchandise export price index compared to merchandise import price index

[14] Employment in the informal economy in non-agricultural activities include those who do not work in agriculture, forestry and fisheries and belong to one of the following three groups: (i) family labor in who are not entitled to salary; (ii) owners  or cooperative members of establishments without business registration and(iii) wage earners in the formal sector who are not entitled to enter into a labor contract or to be entered into a labor contract with definite term but not paid compulsory social insurance by employers.

[15] New data was reviewed and updated by the Ministry of Health.