1. Agriculture, forestry and fishery

Agricultural production in the month focused mainly on harvesting winter paddy in the country and cultivating winter annual crops in Northern provinces. Livestock production is facing difficulties due to low demand consumption and complicated developments of African swine fever in many localities Forestry production started to recover in November after stopping social distancing. Afforestation and logging activities developed well to serve the needs of processing and exporting wood products. Fishery harvesting, exploiting, transporting, consuming, and processing products have been on the rebound as many localities have returned to the “new normal ” situation.

a) Agriculture

As of mid-November, the country harvested 1,339.2 thousand hectares of winter paddy, accounted for 85.9% of cultivated area, equaled to 102.6% in comparison with the same period last year. This year’s winter paddy yield reached 51.7 quintals/hectare, an increase of 0.5 quintals/hectare over the previous year the production of winter paddy was estimated at 8.06 million tons, a decrease of 53.6 thousand tons.

Cultivated autumn-winter paddy in the Mekong River Delta was estimated at 719.7 thousand hectares in 2021, down by 4.4 thousand hectares over the same period last year. As of November 15, 2021, the region harvested 319.1 thousand hectares of winter-autumn paddy, made up 44.3% of the cultivated area and equaled to 100.7% in comparison with the same period last year. According to the preliminary report, the yield of the crop was estimated at 56.1 quintal/hectare, an increase of 0.5 quintals/ha, over the winter-autumn crop last year; production reached 4.04 million tons, rising 9.5 thousand tons

As of November 15, 2021, Northern provinces sowed 351.9 thousand hectares of early spring paddy, an equal to 120.9%, over the same period last year, mainly concentrated in the Mekong Delta.

Up to the above time, the country cultivated 71.5 thousand hectares of maize, an equal to 91.9% the same period last year; sweet potatoes reached 18.2 thousand hectares, an equal to 95.3%; soybean recorded 2.8 thousand hectares, an equal to 87.5%; groundnut reached 4 thousand hectares, an equal to 87%; vegetables and beans reached 138.2 thousand hectares, an equal to 100.4%. As of November 20, 2021, the whole country has no longer blue-ear disease and foot-and-mouth disease; avian flu was still in Ninh Binh and Quang Ninh, African swine fever was reported in 43 localities and LSD was still in 12 localities for less than 21 days.

b) Forestry

The newly concentrated planted forests nationwide in November 2021 was estimated at 31.9 thousand ha, up 2.2% over the same period last year Generally, in the eleven months of 2021, the newly concentrated planted forest area was estimated at 238.3 thousand hectares, up 2.5% over the same period last year; the number of scattered forest trees reached 88.1 million trees, up 2.6%; timber production gained nearly 16.2 million m³, up 4.6%; firewood production was 17.2 million ste, down 1.1%.

In November 2021, the damaged forest area[1] was 63 hectares, down 38% over the same period last year, including the burnt forest area was 27.5 hectares, up 2.1%; the cut and deforested forest area were 35.5 ha, a decrease of 52.5%. In eleven months of 2021, the damaged forest area was 2,015 hectares, up 37.1% over the same period last year, including the burnt forest area was 1,229 hectares, 1.9 times higher; the cut and deforested forest area were 786 hectares, a decrease of 4.6%.

c) Fishery

Fishery production in November was estimated at 761.8 thousand tons, up 3.2% over the same period last year. Of which, aquaculture production in the month was estimated at 468.7 thousand tons, up 3.9% over the same period last year; catch fishery production was estimated at 293.1 thousand tons, up 2.2%. Generally, for the eleven months of 2021, fishery production was estimated at 7,908.2 thousand tons, up 0.5% over the same period last year, including Aquaculture production reached 4,252.7 thousand tons, up 0,2%; catch fishery output reached 3,655.5 thousand tons, up 0.8% (Marine fishing production reached 3,480 thousand tons, up 0.9%).

2. Industrial production

Industrial production in November continued to prosper when localities across the country implemented the Government’s Resolution No. 128/NQ-CP dated October 11, 2021 on safe adaptation, flexibility, effective control and safety Covid-19 epidemic results. The index of industrial production in November 2021 is estimated to increase by 5.5% over the previous month and by 5.6% over the same period last year. In 11 months of 2021, the index of industrial production increased by 3.6% over the same period in 2020.

The index of industrial production (IIP) in November 2021 was estimated to increase by 5.5% over the previous month and up 5.6% from the same period last year, of which the mining and quarrying industry went up by 2.2%; manufacturing decreased by 6.4%; electricity production and distribution went up by 2.2%; water supply, waste and wastewater management, and treatment up by 1.2%.

Overall, in 11 months of 2021, the IIP was estimated to increase by 3.6% over the same period last year (higher than the growth rate of 3% in the same period in 2020). Of which, the manufacturing rose by 4.8% (the same period last year up 4.4%), contributing 4.2 percentage points to the general growth; electricity production and distribution went up by 3.8%, contributing 0.3 percentage points; water supply, waste and wastewater management, and treatment peaked up by 3%, contributing 0.1 percentage points; the mining industry alone shrank by 6%, down by 1 percentage points in the general growth rate.

3. Enterprise registration status ^[2]

The number of newly registered enterprises in November increased quite compared to the previous month in terms of both the number of enterprises (up 44.6%), registered capital (up 38%), and the number of employees (up 30.2%). The number of re-operated enterprises increased by 15.2% compared to the previous month. The results showed the recovery of production and business activities after more than a month of implementation of Resolution 128/NQ-CP.

In November 2021, the whole country had 11,902 newly established enterprises with registered capital were 149.9 trillion VND and a total number of registered employees of 76.6 thousand employees, an increase of 44.6% in the number of enterprises, an increase of 38% in the registered capital and an increase of 30.2% in the number of employees compared to last month; compared to the same period 2020, down 9.1% in the number of enterprises, a decrease of 47.4% in the registered capital and down 36% in the number of employees. The average registered capital of a newly established enterprise in the month reached 12.6 billion VND, a decrease of 4.5% compared to last month, and a decrease of 42.1% compared to the same period in 2020. In November, there were 4,958 re-operated enterprises in the whole country, up 15.2% compared to the previous month and down 6.7% compared to the same period in 2020.

Generally, in the 11 months of this year, the whole country had 105.6 thousand newly registered enterprises with a total registered capital of 1,454.2 trillion VND and a total number of registered employees of 784.2 thousand employees, down 15% in the number of enterprises, a decrease of 22.6% in number the registered capital, and a decrease of 19.2% in the number of employees compared to the same period last year. The average registered capital of a newly established enterprise in 11 months achieved 13.8 billion VND, down 8.9% compared to the same period last year. If including 2,219.4 trillion VND of the additionally registered capital of nearly 38.8 thousand enterprises that recorded an upward adjustment of capital, the total additional registered capital in the economy in 11 months of this year was 3,673.6 trillion VND, down 26% compared to the same period last year. Besides, there were 40.5 thousand re-operated enterprises, a decrease of 0.7% over the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in 11 months this year to 146.1 thousand enterprises, a decrease of 11.5%. The average every month had 13.3 thousand newly established and re-operated enterprises.

In November 2021, 3,523 enterprises ceased for a certain time, an increase of 0.9% compared to last month and an increase of 27.1% compared to the same period 2020; 4,642 enterprises temporarily ceased and awaited dissolution procedures, an increase of 52.3% and a decrease of 3.8%; 1,256 enterprises completed dissolution procedures, an increase of 55.8% and a decrease of 35.3%.

In 11 months, this year, there were 52.1 thousand enterprises temporarily ceased for a certain time, an increase of 17.3% compared to the same period last year; nearly 39.5 thousand enterprises temporarily ceased and awaited dissolution procedures, a climb up 17.4%; 14.9 thousand enterprises completed dissolution procedures, a decrease of 3.7%, of which 13.2 thousand enterprises with the capital size of less than 10 billion VND,  down 3.9%; 184 enterprises with the capital size over 100 billion VND and more, a decrease of 25.5%. On average, nearly 9.7 thousand enterprises withdraw from the market each month.

4. Investment

In November, Ministries, sectors and localities are making efforts to focus on implementing solutions, removing obstacles and speeding up the implementation of public investment projects. Realized investment capital from the State budget in November 2021 was estimated at 48.5 trillion VND, up 14.7% compared to October 2021. Foreign direct investment (FDI) continues to recover, newly registered capital and additional capital keep the trend of high increase, indicating that foreign investors continue to believe in Vietnam’s investment environment.

Realized investment capital from the State budget in November was estimated at 48.5 trillion VND, decreased by 12.9% over the same period last year, including Central capital with 8 trillion VND, went down 18.8%; local capital with 40.5 trillion VND, decreased by 11.6%. Generally, in 11 months of this year, realized investment capital under the state budget reached 367.7 trillion VND, equaling 73.8% of the yearly plan and down 8.7% against the same period last year (the same period in 2020 equaled 78.7% and increased by 32.7%), including: The capital under central management was 63.6 trillion VND, equaling 75.9% of the yearly plan and decreasing 6.9% against the same period last year; The capital under local management reached 304.1 trillion VND, equaling 73.4% of the yearly plan and went down 9.1% over the same period in 2020.

The foreign direct investment from the beginning of the year to 20th November 2021[3] including newly registered capital, adjust registered capital, and the total value of capital contribution and share purchases of foreign investors reached 26.46 billion USD, increased by 0.1% compared to the same period in 2020.

– Newly registered capital included 1,577 newly licensed projects with a registered capital of 14.06 billion USD, a decrease of 31.8% in the number of projects and a growth of 3.7% of registered capital compared to the same period last year

– Adjust registered capital included 877 turns of projects which were licensed in the previous years registered to adjust investment capital with the additional capital of 8.02 billion USD, increased by 26.7% compared to same previous of last year.

– Capital contribution and share purchases of foreign investors included 3,466 turns with a total value of the capital contribution of 4.38 billion USD, a decrease of 33% compared to the same period last year.

Foreign direct investment capital that implemented in 11 months of the year reached 17.1 billion USD, a decrease of 4.2% over the same period last year

Vietnam’s investment abroad in 11 months of the year, there were 52 projects newly granted investment certificates with a total investment capital of 244.5 million USD, decreasing by 22.7% over the same period of last year; 19 turns of projects adjusted capital with additional capital of 432.8 million USD, equaled 2.5 times of that in the previous year. Generally, the total investment capital of Vietnam abroad (newly and additionally licensed capital) in 11 months reached 677.3 million USD, increasing by 38.1% over the same period last year.

5. Trade, transport and tourism

Resolution No. 128/NQ-CP dated October 11, 2021 on safe, flexible adaptation and effective control of the Covid-19 epidemic promptly issued, and all levels, sectors, business community and People have actively implemented. Business and service activities gradually return to the “new normal” status. The total export and import of goods [4] still maintained a high growth rate, the total import and export turnover of goods was estimated at 59.7 billion USD, went up 8.5% compared to previous months and went up 19.7% over the same period last year. International visitors to Viet Nam [5] in November increased by 42.4% over the previous month because our country started implementing a pilot route to welcome international tourists [6].

Gross retail sales of consumer goods and services in November 2021 were estimated at 397.1 trillion VND, up 6.2% over the previous month and down 12.2% over the same period last year. Generally, for eleven months, gross retail sales of consumer goods and services reached 4,128.5 trillion VND, down 8.7% over the same period last year, if, excluding the price factor, the decrease was 10.4% (in the same period in 2020 decreased by 3.8%).

Export turnover in October 2021 reached 28.87 billion USD, 1.57 billion USD higher than the estimated figure Export turnover in November 2021 was estimated at 29.9 billion USD, increased by 3.6% over the previous month and up 18,5% compared to the same period last year. Generally, in 11 months of 2021, the export turnover was estimated at 299.67 billion USD, rose by 17.5% over the same period in 2020, of which, the domestic economic sector was 78.99 billion USD, went up 11.1%, accounting for 26.4% of total export turnover; the FDI sector (including crude oil) attained 220.68 billion USD, increased by 20%, sharing 73.6%.

In 11 months of 2021, there were 34 products with export turnover of over 1 billion USD, contributing 93.5% to the total export turnover (7 products with export turnover of over 10 billion USD, accounting for 66.4%).

Regarding the structure of export of goods in 11 months of 2021 by commodity group, the group of fuels and minerals was estimated at 3.57 billion USD, went up by 27.8% over the same period last year. The group of processing industry was estimated at 266.75 billion USD, jumped up by 18%. Agricultural and forestry products reached 21.4 billion USD, went up 15.4 The group of fishery products reached 7.95 billion USD, edged up by 3.5%.

Regarding the export commodity market in 11 months of 2021, the United States was Viet Nam’s largest export market with a turnover of 84.8 billion USD, a growth of 22.2% over the same period last year; the following was the China market with 50.5 billion USD, going up by 16.8%; The EU with 35.7 billion USD, rose by 11.9%; ASEAN market with 25.9 billion USD, an increase of 23.3%; South Korea with 20 billion USD, an increase of 14.6%; Japan with 18 billion USD, increased by 3%.

Import turnover of goods in October 2021 reached 26.13 billion USD, 67 million USD lower than the estimated figure. Import turnover in November 2021 was estimated at 29.8 billion USD, increased by 14% over the previous month and up 20,8% compared to the same period in 2020. Generally, in 11 months of 2021, the import turnover was estimated at 299.45 billion USD, increased by 27.5% over the same period in 2020, of which the domestic economic sector reached 103.31 billion USD, went up by 23.3%; the FDI sector gained 196.14 billion USD, edged up by 29.9%. In 11 months of 2021, there were 43 imported products with a turnover of over 1 billion USD, accounting for 92.7% of total import turnover.

Regarding the structure of imported of goods in 11 months of 2021 by commodity group, the group of input materials was estimated at 280.2 billion USD, went up by 27.9% over the same period last year and accounted for 93.6% of total import turnover. Consumer goods group was estimated at 19.25 billion USD, rose by 22.2% and accounted for 6.4%.

Regarding the imported goods market in 11 months of 2021, China remained the largest import market of Viet Nam with a turnover of 98.5 billion USD, jumped up by 32% over the same period last year. The following was the South Korea market with 50.3 billion USD, rose by 20.3%; ASEAN market with 37 billion USD, increased by 36.1%; Japan with 20.3 billion USD, going up 10.1%; EU market with 15.5 billion USD, expanding by 18.2%; the United States with 14.2 billion USD, increase of 14.6%.

The trade balance of goods in October 2021 witnessed a trade surplus of 2.74 billion USD; trade surplus for 10 months was 125 million USD; trade surplus for November 2021 was 100 million USD. Generally, trade surplus in 11 months of 2021 was estimated at 225 million USD (the same period last year saw a trade surplus of 20.19 billion USD). of which the domestic economic sector saw a trade deficit of 24.32 billion USD; the FDI sector (including crude oil) saw a trade surplus of 24.55 billion USD.

Passengers carried in November 2021 were estimated at 137.3 million persons, increased by 24.1% compared to the previous month, and passenger traffic was 4.5 billion passengers-km, increased by 23.9%. Generally, in 11 months of 2021, passenger carried reached 2,267.8 million passengers, a decrease of 30.1% over the same period last year (the same period of 2020 down 29.7%), the passenger traffic gained 90.8 billion passengers-km, went down 38.4% (the same period of 2020 decreased by 35.1 %). Freight carried in November 2021 was estimated at 142.4 million tons, increased by 9.8% compared to the previous month, and freight traffic 29.9 billion tons. km, up 7.1%. Generally, in 11 months of 2021, freight carried reached 1,472 million tons, down 8% against the similar period last year (the same period in 2020 decreased by 6.2%), freight traffic gained 300.7 billion tons-km, down 1.7% (the same period of 2020 decreased by 7.9%).

International visitors to Viet Nam in November were estimated at 15 thousand arrivals, up 42.4% compared to the previous month and decreased by 15.2% compared to the same period last year. Generally, in 11 months of 2021, international visitors to Viet Nam was estimated at 140.1 thousand arrivals, down 96.3% compared to the same period last year.

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

Petrol and gas prices increase according to world fuel prices; localities gradually returned to the “new normal” status, causing the price of goods and services to tend to increase, which were the main reasons why the consumer price index (CPI) in November 2021 increased by 0.32% compared to the previous month, up 2% compared to December 2020 and up 2.1% compared to November 2020. In 11 months of 2021, CPI increased by 1.84% over the same period last year, the lowest increase since 2016[7]. Core inflation in 11 months increased by 0.82%.

The Consumer Price Index (CPI) in November 2021 increased by 0.32% compared to the previous month, up 2% compared to December 2020 and up 2.1% compared to November 2020. In the 11 months of 2021, CPI increased by 1.84% compared to the same period last year.

Core inflation[8] in November 2021 increased 0.11% over the previous month, up 0.58% over the same period last year. Average core inflation in 11 months of this year increased by 0.82% over the same period in 2020.

The US dollar in world markets rose amid soaring US inflation – the highest level in more than 30 years. Domestically, the foreign currency reserve of the State Bank of Vietnam is abundant to meet the foreign currency demand of importing enterprises. US dollar price index in November 2021 decreased by 0.21% compared to the previous month; down 1.4% compared to December 2020 and down 1.63% over the same period in 2020; an average of 1% decrease in 11 months of 2021.

7. Some social situations

In November, support packages for social security and people in difficulty due to Covid-19 continued to be implemented, so people’s lives were generally stable. According to the report of the Ministry of Labor, Invalids and Social Affairs, as of November 23, 2021, the support packages under Resolution No. 68/NQ-CP dated July 01, 2021 of the Government and Decision No. 23/2021/QD-TTg dated 07/7/2021 of the Prime Minister deployed nationwide reaching more than 28.4 trillion VND in support for more than 28 million subjects.

The epidemic of Covid-19 in the world continues to be complicated[9]. In Viet Nam, The number of cases in the community has been increased in many localities because the pathogen already exists in the community, many cases are asymptomatic, the source of infection was unknown and related to people returning from the epidemic area. As of  28/11/2021, Viet Nam had 1,197,404 cases have been reported, 956,924 cases have been cured (24,692 deaths). There were 03 provinces without secondary infections within 14 days: Yen Bai, Bac Kan, Lai Chau.

Generally, in the 11 months of 2021, there were 10,111 traffic accidents nationwide [10], including 6,504 traffic accidents of less serious or more serious and 3,607 traffic collisions, causing 5,082 deaths, 3,409 injured people and 3,632 people with minor injuries. On average in 11 months of 2021, there are 30 traffic accidents per day nationwide, including 19 traffic accidents of less serious or more serious, and 11 traffic collisions, causing 15 deaths, 10 people were injured and 11 people were slightly injured.

Natural disasters[11] that occurred in the month (from October 19 to November 18, 2021) mainly were heavy rain, flood, inundation, whirlwind, lightning, hail. These made 15 people die and missing; 16 people were injured; 13 thousand hectares of rice and 7.3 thousand hectares of crops were damaged; 29.9 thousand cattle and poultry died; 892 houses collapsed, swept away and flooded, the damage was estimated at 1,187.4 billion VND, down 93.7% over the same period last year. Generally, 11 months of this year, natural disasters made 119 people dead and missing, 144 people injured; 139 thousand cattle and poultry died; 735 houses collapsed, swept away and 14.7 thousand houses flooded and damaged; 118.9 thousand hectares of rice and 67.7 thousand hectares of crops were damaged; the total value of property damage was estimated at 3.6 trillion VND, down 90.6% over the same period last year.

During the month[12], there were 133 fires and explosions in the whole country, killing 3 people and injuring 13 others, with estimated damage of  5 billion VND. Generally, in the 11 months of 2021, there were 2,048 fires and explosions in the whole country, killing 87 people and injuring 138 people, with estimated damage of 361.8 billion VND./.

[1] Data from the Ministry of Agriculture and Rural Development, from October 16, 2021, to November 15, 2021.

[2] Source: National Enterprise Registration Information System, Business Registration Management Agency, Ministry of Planning and Investment (Received the report on 26^th November 2021)

[3] According to the report of the Foreign Investment Department, Ministry of Planning and Investment, received on November 22, 2021

[4] Data in November 2021 meeting by an interdisciplinary team consisting of the Ministry of Industry and Trade, the Ministry of Planning and Investment, the State Bank of Viet Nam, the General Department of Customs and the General Statistics Office meeting estimates based on export turnover figures, import as of November 24, 2021 of the General Department of Customs combined with market information, the proportion and trend of export and import of goods. The General Statistics Office received and updated the report on the afternoon of November 26, 2021.

[5] According to the report of the Border Gate Department, the Border Guard Command, the Ministry of National Defense and the Immigration Department, the Ministry of Public Security, the reporting period was from October 21 to November 20, 2021.

[6] International visitors to Vietnam must meet immigration and medical conditions according to Guidance No. 4122/HD-BVHTTDL dated November 5, 2021 of the Ministry of Culture, Sports and Tourism.

[7] The average CPI growth rate of 11 months in 2016-2021 increased compared to the same period last year: 2.47%; 3.61%; 3.59%; 2.57%; 3.51%; 1.84% respectively.

[8] CPI after excluding fresh food, foodstuff, energy and goods managed by the State including health services and education services.

[9] As of 28/11/2021, in the world, 261,024.1 thousand cases of Covid-19 (5,209.5 thousand deaths).

[10] According to a quick report from the Office of the Ministry of Public Security and the Maritime Administration (Ministry of Transport) from October 15 to November 14, 2021.

[11] Summary reports from 63 Departments of Agriculture and Rural Development, from October 19 to November 18, 2021.

[12] According to a quick report from the Ministry of Public Security on November 23, 2021.