1. Agriculture, forestry and fishery

a) Agriculture

Agricultural production in the month focused mainly on harvesting winter paddy in the country and cultivating winter annual crops in Northern provinces. The breeding situation has been quite developed but note is that the complicated development of African swine fever in many localities.

As of mid-November, the country harvested 1,424.7 thousand hectares of winter paddy, accounted for 89.9% of cultivated area, equal to 98.1%, in comparison with that over the same period last year. According to the preliminary report, this year’s winter rice yield reached 51 quintals/hectare, an increase of 0.5 quintals/hectareover the previous year, the production reached at  8.08 million tons, a decrease of 20.7 thousand tons.

Localities in the Mekong River Delta cultivated was estimated at 724 thousand hectares of autumn-winter paddy, a decrease of 0.2 thousand hectares in comparison with that over the same period last year. So far, the region harvested 382.9 thousand hectares of winter-autumn paddy, made up 52.9% of the total cultivated area and equaled to 103.9%, in comparison with that over the same period last year. According to the preliminary report, yield of the crop was estimated at 55.1 quintal/hectare, an increase of 0.2 quintals/ha, in comparison with that of the winter-autumn crop last year; production was estimated at 3.99 million tons, equivalent to that of the previous year’s crop.

As of November 15, 2020, Northern provinces sowed 237.9 thousand hectares of early winter-spring paddy, an equal to 68.1%, in comparison with that over the same period last year, mainly concentration in the Mekong Delta.

At the same time, the country cultivated 78.9 thousand hectares of maize, an equal to 91.2% compared with that of over the same period last year; sweet potatoes reached 16.9 thousand hectares, an equal to 91.4%; soybean recorded 3.3 thousand hectares, an equal to 66%; groundnut reached 4.6 thousand hectares, an equal to 85.2%; vegetables reached 137.3 thousand hectares, an equal to 100.1%.

Pig breeding is gradually restored, the total number of pigs in the month increases by 12% over the same period last year, cattle’s increased by 2.5%; poultry increased by 4.1%, buffalo population decrease by 2%. As of November 25, 2020, some types of epidemics have not lasted for 21 days in localities: blue ear disease was still in Ha Nam; avian flu remained in Khanh Hoa; foot-and-mouth disease was still in Quang Nam, Kon Tum, Dak Lak, Dong Nai, Long An, Tra Vinh; African swine fever was reported in 318 communes of 29 provinces and central cities.

b) Forestry

In November, the new concentrated forests area was estimated at 25.7 thousand hectares. Generally in 11 months, the concentrated forests area was estimated at 223.8 thousand hectares, decreasing by 3.3% of over same period last year; number of dispersed trees reached 83.7 million,  falling by 1.4%; production of wood reached 15.3 million m3,  up 3%. Firewood production reached 17.3 million ste, falling by 0.6%.

Area of devastated forest in November reached 61.4 hectares, falling by 4.5% to that of over the same period last year, of which fired forest area reached 18 hectares, three times higher; cut and devastated forest area was recorded 43.4 hectares, rasing by 25.4%. Generally in eleven months this year, the devastated forest area was 1,418.5 hectares, decreasing by 45.6% of over the same period last year, of which the fired forest area, was 629 hectares, falling by 67.9%; area of cut and destroyed forest was 789.5 hectares, rising by 22.3%.

c) Fishery

  In 11/2020, fishery production was estimated at 733.8 thousand tons, raising by 1.1% of over the same period last year, of which production of aquaculture was estimated at 457 thousand tons, raising by 2.5% of over the same period last year, pangasius material prices maintained good prices and white leg shrimp prices increased sharply to serve the needs of processing for export; capture fisheries output reached 276.8 thousand tons, down 1.1%.

Generally, in 11 months of 2020, aquaculture production was estimated to reach 7,673.3 thousand tons, an increase of 1.6% over the same period last year, of which aquaculture production reached 4,158.3 thousand tons, an increase of 1,3%; capture fisheries output reached 3,515 thousand tons, an increase of 1.8% (marine production reached 3,342.5 thousand tons, up 2%).

2. Industrial production

With the well controlled Covid-19 epidemic, the implemented Euro – Vietnam free trade agreement have made up the engine for sectors of the economy to recover and develop in new normal state, industrial production in November 2020 continues to flourish, especially the manufacturing with an increase of 11.9% over the same period last year.

The index of industrial production (IIP) in November 2020 was estimated to increase by 0.5% over the previous month and by 9.2% over the same period last year, of which the IIP of the mining and quarrying sharply decreased by 6.2%; the manufacturing, the production and distribution of electricity, the water supply, sewerage, waste management and remediation activities increased by 11.9%, 4%, and 5.3%, respectively.

Generally for 11 months of 2020, the IIP was estimated to increase by 3.1% over the same period last year, which was lower than the increase of 9.3% in the same period of 2019. Of which, the manufacturing showed an increases of 4.7% in the IIP (the same period of 2019 was 10.6%), contributing 3.8 percentage points to the general growth; the IIP of the production and distribution of electricity, the water supply, sewerage, waste management and remediation activities increased by 3.2% and 4.0%, which contributing 0.3 percentage points, and 0.1 percentage points, respectively. Only the mining and quarrying saw a decrease by 7.1%, making the overall IIP decreased by 1.1 percentage point.

3. Enterprise registration status[1]

The number of newly established enterprises in November 2020 increase of  7.3% compared to October 2020 and rose by 6.7% compared to the same period in 2019, the number of re-operated enterprises rose up 5.4% and 59.8%. Especially, registered capital of a newly established enterprise in November increase of  72% compared to last month and rose by 103.5% compared to the same period in 2019. In 11 months of 2020, the total number of newly established enterprises had nearly 124.3 thousand enterprises, decrease of 1.9% compared to the same period in last year; however the average registered capital of a newly established enterprise rose by 21.7%.

In November 2020, the whole country had nearly 13.1 thousand newly established enterprises with a registered capital of 284.8 trillion VND and the total number of registered employees of 119.7 thousand employees, a increase of 7.3% in the number of enterprises, a increase of 72% in the registered capital and a increase of 65.3% in the number of employees compared to last month[2]. The average registered capital of an enterprise reached 21.8 billion VND, rose up 60.3% compared to last month and rose by 90.6% compared to the same period in 2019. In the month, there were 5,315 re-operated enterprises in the whole country, a increase of 5.4% ​​compared to the previous month and increase of 59.8% compared to the same period in 2019; 2,771 enterprises ceased for a certain period of time, fall of 15.9% and rose up 30.8%; 4,471 enterprises temporarily ceased and awaited dissolution procedures, rose up 24.9% and 5.7%; 1,941 enterprises completed dissolution procedures, an increase of 37.4% and rose up 30.6%.

Generally, in 11 months of this year, the whole country had nearly 124.3 thousand newly registered enterprises with a total registered capital of 1,878.9 trillion VND and the total number of registered employees of 970 thousand employees, a cut down of 1.9% in the number of enterprises, an increase of 19.3% in number the registered capital and a decrease of 14.7% in the number of employees compared to the same period in last year. The average registered capital of a newly established enterprise in 11 months achieved 15.1 billion VND, climbing up 21.7% compared to the same period in last year. If including 3,086.9 trillion VND of the additionally registered capital of 36.2 thousand enterprises that recorded upward adjustment of capital, the total additional registered capital in the economy in 11 months of this year  was 4,965.8 trillion VND, rose by 35.1% compared to the same period in last year. In addition, there were 40.8 thousand re-operated enterprises, an increase of 10.7% over the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in 11 months to nearly 165.1 thousand enterprises, increase of 0.9%. In average, there were 15 thousand newly established enterprises and re-operated enterprises every month.

The number of enterprises ceased for a certain period of time in 11 months this year was 44.4 thousand enterprises, increasing by 59.7% compared to the same period last year; 33.6 thousand enterprises temporarily ceased and awaited dissolution procedures, a decline of 11.7%; more than 15,4 thousand enterprises completed dissolution procedures, an increase of 3.1%. The average every month, 8.5 thousand enterprises withdrew from the market.

4. Investment

Ministries, agencies and localities focus on implementing solutions, solving problems, speeding up the implementation of projects and works with the aim of maximizing the capital plan assigned in 2020. The investment capital of the State budget in November compared to plan for 2020 was 10.6%. The growth rate of investment capital of the State budget in November and 11 months of year 2020 both reached the highest increase in the years 2011 – 2020.

 Investment capital from the State budget in November was estimated at 54.5 trillion VND, up 37.1% over the same period last year, including: Central capital 11 trillion VND, up 51.3%; local capital 43.5 trillion VND, up 34%. Generally, in 11 months of this year, realized investment capital from the state budget reached 406.8 trillion VND, equaling 79.3% of the year plan and up 34% against the same period last year (the same period last year 2019 equals 79.2% and increases by 7%), including: the capital under central management was 73.1 trillion VND, equaling 79.5% of the yearly plan and increasing 64.9% against the same period last year; the capital under local management reached 333.7 trillion VND, equaling 79.3% and climbing up 28.7%.

The foreign direct investment from the beginning of the year to 20th November, 2020 including registered capital, adjust investment capital and total value of capital contribution reached 26.4 billion USD, decrease 16.9% compared to the same period in 2019. Of which, 2,313 newly licensed projects with a registered capital of 13.6 billion USD, an decrease of 33.5% in the number of projects and a decrease of 7.6% of registered capital as compared to the same period in 2019; 1,051 turns of projects which were licensed in the previous years registered to adjust investment capital with the additional capital of 6.3 billion USD, a growth of 7.8% over the same period last year; 5,812 turns of capital contribution and share purchases of foreign investors with a total value of capital contribution of 6.5 billion USD, a drop of 41.8% over the same period in 2019, including 1,535 turns of capital contribution capital, share purchase increased charter capital of the enterprise with the value of contributed capital of 2.7 billion USD and 4,277 turns of foreign investors repurchased domestic shares without increasing the charter capital with a value of 3.8 billion USD. Foreign direct investment capital that implemented in 11 months reached 17.2 billion USD, a drop of 2.4% over the same period last year.

Vietnam’s outward investment in the 11 months of this year had 114 projects which were granted investment certificates with a total capital of 316.4 million USD; 30 capital adjusted projects with an additional capital of 174 million USD. Generally, the total outward investment of Vietnam (newly granted and supplementary capital) in 11 months of 2020 reached 490.4 million USD, a growth of 6.9% over the previous year.

5. Government revenues and expenditures

State budget revenue in the first 15 days of November 2020 was estimated at 29 trillion VND, a slight decrease compared to the same period of October 2020 due to a number of quarterly arising revenues paid in the previous month; budget expenditures to promptly and fully satisfy tasks of spending on socio-economic development, national defense and security, state management, payment of due debts and timely support citizens to overcome natural disasters, floods.

           Total estimated State budget revenues from the beginning of the year to November 15, 2020 achieved 1,186.3 trillion VND, equaling 78.4% of the annual estimate, of which domestic revenues recorded ,001.5 trillion VND, equaling 79.2%; crude oil revenue gained 30.5 trillion VND, equaling 86.5%; budget balance revenue from export-import balance obtained 153.5 trillion VND, equaling 73.8%.

Total State budget expenditures from the beginning of the year to November 15th, 2020 was estimated at 1,323.2 trillion VND, equaling 75.7% of the yearly estimate, of which recurrent expenditures were 884.3 trillion VND, equaling 83.7%; expenditure on development investment achieved 338.3 trillion VND, equaling 71.9%; 91.5 trillion VND were spent on interest payment, equaling 77.4%.

6. Trade, transport and tourism operation[3]

In the context of complicated developments of Covid-19, which negatively affected the world economy but goods import and export activities of Vietnam in 11 months of this year reached a record trade surplus of 20.1 billion USD. Total export and import turnover in 11 months was estimated at 489.1 billion USD, increased by 3.5% over the same period last year, of which exports reached 254.6 billion USD, rose by 5.3%; import reached 234.5 billion USD, jumped up 1.5%. In November 2020, domestic trade increased by 2.3% over the previous month and by 8.5% over the same period last year, of which retail sales of goods reached a high growth rate of 13.2%. Transport activities in November continued to increase compared to the previous month with an increase of 2.3% in volume of passengers carried  and 5.3% in volume of freight carried; international visitors to Viet Nam in November were 17.7 thousands, increased 19.6% compared to the previous month but decreased 99% compared to the same period last year because Viet Nam was continued to implement measures to prevent and control the Covid-19 epidemic, international tourism has not yet opened.

Gross retail sales of consumer goods and services in November were estimated at 464.4 trillion VND, up 2.3% over that in the previous month and up 8.5% over that in the same period last year. Generally for eleven months, gross retail sales of consumer goods and services reached 4,590.7 trillion VND, rising by 2% over that in the same period last year, if excluding the price factor, the decrease was 2% (that in the same period in 2019 increased by 9.1%).

Export turnover in October 2020 reached 27,259 million USD, 559 million USD higher than estimated figure. Export turnover in November 2020 was estimated at 24.8 billion USD, reduced by 9% over the previous month, and increased by 8.8% compared to the same period last year.

Generally for 11 months in 2020, the export turnover was estimated at 254.6 billion USD, rose by 5.3% over the same period in 2019, of which, the domestic economic sector was 73 billion USD, went up by 1.6%, accounting for 28.7% of total export turnover; the FDI sector (including crude oil) attained 181.6 billion USD, increased by 6.9%, sharing 71.3%.

In 11 months of 2020, there were 34 products with export turnover of over 1 billion USD, contributing 92% to the total export turnover (of which 6 products with export turnover of over 10 billion USD, accounting for 64.3%).

Regarding the structure of export commodity groups in 11 months of 2020, the group of heavy industry products and minerals was estimated at 138 billion USD, went up by 9.2% over the same period last year, accounting for 54.2% of the total export turnover of goods. The group of light industry and handicraft products was estimated at 90.2 billion USD, jumped up by 1.5%. Agricultural and forestry products reached 18.7 billion USD, went down by 0.1%. The group of fishery products reached 7.7 billion USD, edged down by 0.9%.

Regarding the export commodity market in 11 months of 2020, the United States was Vietnam’s largest export market with a turnover of 69.9 billion USD, a growth of 25.7% over the same period last year; the following was China market with 43.1 billion USD, went up by 16%; The EU with 32.2 billion USD, declined by 2.4%; ASEAN market with 20.9 billion USD, a decrease of 10.6%; South Korea with 17.7 billion USD, a decrease of 2.7%; Japan with 17.3 billion USD, declined by 6.5%.

Import of goods

Import turnover of goods in October reached 24,320 million USD, 180 million USD lower than the estimated figure. Import turnover in November 2020 was estimated at 24.2 billion USD,  reduced by 0.5% over the previous month and increased by 13.4% compared to the same period in 2019.

Generally for 11 months of 2020, the import turnover was estimated at 234.5 billion USD, increased by 1.5% over the same period in 2019, of which the domestic economic sector reached 85.43 billion USD, went down by 9.6%; the FDI sector gained 149.07 billion USD, edged up by 9.2%.

In 11 months, there were 34 imported products with turnover of over 1 billion USD, accounting for 89.4% of total import turnover.

Regarding the structure of imported goods in 11 months of 2020, the group of input materials was estimated at 218.8 billion USD, went up by 1.6% over the same period last year. Consumer goods group was estimated at 15.7 billion USD, expanding by 0.5%.

Regarding imported goods market in 11 months of this year, China remained the largest import market of Vietnam with a turnover of 73.9 billion USD, jumped up by 7.9% over the same period last year; the following was the Korean market with 42 billion USD, reduced by 2.9%; ASEAN market with 27.3 billion USD, declining by 6.9%; Japan with 18.6 billion USD, went up by 4.8%; EU market with 13.2 billion USD, expanding by 4.3%; The United States with 12.6 billion USD, a decrease of 3.6%.

The trade balance of goods in October witnessed a trade surplus of 2.9 billion USD[4]; trade surplus for 10 months was 19.5 billion USD; trade surplus in November was estimated at 600 million USD. Generally, in 11 months of 2020, trade surplus was estimated a record at 20.1 billion USD[5].

Passengers carried in November was estimated 294.8 million persons, went up 2.3% compared to the previous month and passengers traffic 13.4 billion passengers-km, rising by 4.5%. Generally for 11 months, passengers carried reached 3,215.9 million passengers, a decrease of 29.7% over the same period last year (it increased by 10.9% in the same period in 2019) and passengers traffic gained 146 billion passengers-km, a decline of 35.1% (the similar period last year recorded a growth rate of 10.7%). Freight carried in November was estimated at 174.6 million tons, going up 5.3% and  freight traffic 30.6 billion tons.km, rose 2% compared to the previous month. Generally for 11 months, freight carried reached 1,606.3 million tons, down 6.2% against the similar period last year (it moved up by 9.6% in the same period in 2019) and freight traffic gained 304.2 billion tons-km, down 7.9% (the identical period last year witnessed a 7.7% growth).

International visitors to Viet Nam in November were estimated at 17.7 thousands, going up 19.6% compared to the previous month and decreased 99% compared to the same period last year. Generally for 11 months, international visitors to Viet Nam was estimated at 3,821 thousand, moved down by 76.6% compared to the same period last year.

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

The price of domestic petroleum decreased according to the price of world fuel; the decrease in the price of electricity and water due to low consumption demand in the rainy season were factors that made the consumer price index in November 2020 down 0.01% from the previous month, up 0.08% compared to December 2019 and up 1.48% over the same period last year. The average consumer price index of 11 months of 2020 increases by 3.51% over the same period last year.

Core inflation in November 2020 increased by 0.03% over the previous month and increased by 1.61% over the same period last year. Average core inflation of 11 months of 2020 grew by 2.43% compared to the same period of 2019.

Domestic gold prices fluctuated in contrast with the world gold prices. The world gold price increased and decreased continuously due to the influence of the US presidential election and the positive news about Covid-19 vaccine of pharmaceutical companies Pfizer and Moderna. Gold price index in November 2020 increased by 0.87% over the previous month; an increase of 32.04% compared to December 2019; increased by 31.57% over the same period last year. The US dollar price index in November 2020 decreased by 0.05% over the previous month; went up by 0.14% compared to December 2019 and dropped by 0.05% over the same period of 2019.

8. Social issues

In the 11 months of 2020, the whole country had 16.5 thousand households suffering from food shortage, fell by 75.9% over the same period last year, corresponding to 66.5 thousand persons suffering from food shortage, dropped 76.1 %. To overcome this problem, from the beginning of the year, all administrative levels, sectors and organizations from the central to local supported difficult households with 733.6 tons of rice.

The Covid-19 epidemic continues to develop complicatedly in many countries[6], the 5 countries with the highest number of Covid-19 cases in the world are the United State, India, Brazil, Russia and France. In Vietnam, as of 6:00 pm on November 27th, 2020, there were 1,339 cases have been reported, 1,170 cases have been cured (35 deaths), within 86 days Vietnam has not recorded new cases of Covid-19 in the community.

In the 11 months, the whole country had 12,985 traffic accidents, including 7,495 traffic accidents of less serious or more and 5,490 traffic collisions, making 6,048 deaths, 3,948 injuries and 5,704 persons slightly injured. On average, in 11 months, the whole country had 38 traffic accidents a day, including 22 traffic accidents of less serious or more and 16 traffic collisions, causing 18 deaths and 12 injuries and 17 people were slightly injured.

Natural disasters coming out of November were mainly storms, floods and wind in some localities 104 people died and were missing, 388 people were injured; 2.1 houses were swept away, swept away; 249.8 houses were damaged; 5.6 juveniles and 1.5 million birds died; 66.7 trillion hectares of rice and 35.4 trillion USD were damaged, the total property damage caused by genius in the month was 18.7 trillion VND. Generally for 11 months, natural disasters caused 372 people died and missed, 1,144 injured; 4,132 houses collapsed, swept away; 613,3 thousand houses  unroofed and damaged; 267 thousand hectares of paddy and 132.5 thousand hectares of crops  damaged. The total lost caused by natural disasters in 11 months was estimated at 38.4 trillion VND, of which due to storms was 31.7 trillion VND.

The whole country witnessed 225 cases of fires and explosions in November 2019, causing 12 deaths and 18 injuries; the damage was estimated at 96.3 billion VND. Generally in 11 months, there were 2,643cases of fires and explosions in the whole country, killing 99 people and injuring 159 people, the damage was estimated at over 558.4 billion VND.

[1]Source: National Enterprise Registration Information System, Business Registration Management Agency, Ministry of Planning and Investment.

[2]Compared to the same period last year, the number of enterprises increased by 6.7%; the registered capital rose by 103.5%; the number of employees increased by 6.3%.

[3] Data in November 2020 meeting by an interdisciplinary team consisting of the Ministry of Industry and Trade, the Ministry of Planning and Investment, the State Bank of Vietnam, the General Department of Customs and the General Statistics Office of Viet Nam meeting estimates based on export turnover figures, import as of November 27, 2020 of the General Department of Customs combined with market information, the proportion and trend of export and import of goods. The General Statistics Office of Viet Nam received and updated the report on the afternoon of November 28, 2020.

Data on import and export of goods by domestic economic sector and foreign-invested sector was adjusted according to the notice of the General Department of Customs.

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[4] Trade surplus in October was estimated at 2.2 billion USD.

[5] Of which, in 11 months of 2020, trade surplus to the EU reached 19 billion USD, went down by 6.6% compared to the same period last year; trade deficit from China was 30.8 billion USD, declined by 1.7%; trade deficit from South Korea was 24.3 billion USD, declined by 3.1%; trade deficit from ASEAN was 6.4 billion USD, grew by 7.5%.

[6] As of 6:00 pm on November 27th, 2020, in the world, there were 61,398.5 thousand cases of Covid-19 (1,439.6 thousand deaths).