1. Agriculture, forestry and fishery

      a) Agriculture

Agricultural production in the month focuses mainly on paddy farming, tending for winter paddy and harvesting summer-autumn paddy and annual crops. As of August 15, the country cultivated 1,567.5 thousand hectares of winter paddy, equaling 99.2% compared with the same period last year, of which Northern provinces reached 1,103 thousand hectares, equaling 97.8%; Southern provinces reached 464.5 thousand hectares, equaling 102.6%. This year crop in Northern provinces was affected by complicated weather, long-lasting sunny in early period of the crop made difficult to cultivate, followed by heavy rain from middle of July that caused flooded in newly cultivated area. Localities actively overcame the consequences of storms and rains, currently paddy was growing well. However, the phenomenon of small leaf worms, brown plant hoppers, white back hoppers was appearing scattered on some paddy areas. The localities took measure to prevent pests and diseases from spreading on large scale, affected the results of the total crop production.

Summer-autumn paddy this year the country cultivated 2,052.7 thousand hectares, fell 13.8 thousand hectares compared with the summer-autumn paddy last year, mainly due to the early drought in some southern provinces and the effects of Typhoon No. 3 caused widespread flooding in some localities in the North Central[1]. As of mid-August, the country harvested 945.8 thousand hectares of summer-autumn paddy, accounted for 46.1% of the farming area and equaling 91.9% compared with the same period last year, of which mainly concentrated in the Mekong River Delta with 855.7 thousand hectares, made up 53.3% and equaling 92.7%. The progress of harvested summer-autumn paddy this year was slower than that compared with the same period last year due to the late calendar crop and the impacts of heavy rain on a large scale. According to local reports, the yield of summer-autumn paddy this year was estimated at 54.5 quintal/ha, an increase of 0.3 quintal/ha compared with the previous summer-autumn paddy, however, due to the decrease in cultivated area, the total yield of summer-autumn paddy 2018 was estimated at 11.2 million tons, fell 23 thousand tons compared with the summer-autumn paddy in 2017.

As of mid-August, the Mekong River Delta cultivated 403.3 thousand hectares of autumn-winter paddy, equaling 91.7% compared with the same period last year due to the effects of heavy rain and late summer-autumn calendar crop compared with the same period. Some localities have reduced cultivated area compared with the same period last year: Long An decreased by 12 thousand hectares; Kiên Giang decreased by 9 thousand hectares; Dong Thap decreased by 7.1 thousand hectares. Currently, autumn-winter paddy of the Mekong River Delta was growing well.

Cultivation annual crops were lower than the same period last year due to the effects of storms and flood on a large scale. As of August 15, localities in the country cultivated 930.4 thousand hectares of maize, equaling 95.4%  compared with the same period last year; 104.4 thousand hectares of sweet potatoes, equaling 98.2%; 170.8 thousand hectares of groundnut, equaling 96%; 50,000 hectares of soybean, equaling 75.4%; 941.5 thousand hectares of vegetables and beans, an equal to 104.4%.

Buffaloes, cattle and poultry husbandry witnessed stability, there was no major epidemics occur. Pigs farming were more prosperous with more activities of repopulation, returned farming in the country as price of pig living weight continued to remain at high level[2]. Buffalo  population of the country in the month was estimated to decrease by 1.3% compared with the same period last year; cattle population increased by 2.1%; pig population increased by 0.2%; poultry population increased by 5.9%. As of August 26, 2018, in the country there was no epidemic on cattle and poultry.

         b) Forestry

In August, the area of concentrated forests was estimated at 22.8 thousand hectares, fell 4.6% compared with the same period last year, the number of scattered trees reached nearly 6.8 million, fell 0.4 %; production of wood reached 1,220 thousand m3, rose by 12.9%; production of exploited firewood reached 1.7 million ste, fell 2.3%. Some localities increased production of timber: Quang Ngai reached 139.7 thousand m3, rose by 57.4% compared with the same period in 2017; Tuyen Quang reached 127.9 thousand m3, an increase of 50%; Ha Tinh reached 32.8 thousand m3, an increase of 130%.

Generally in 8 months, the concentrated forests area was estimated at 138.6 thousand hectares, grew up 0.4% compared with the same period last year; the number of scattered trees reached 49.6 million, an equal to the same period last year; production of wood reached 7,736 thousand m3, an increase of 9.6% (mainly for processing wood chips and export wood); production of exploited firewood reached 16.5 million ste, fell 1.7%.

The damaged forest area in the first 8 months this year was 909.7 hectares, fell 12.2% compared with the same period last year, of which forest fire area was 293.7 hectares, fell 25.8%; area of forest cut was 616 ha, fell 3.8%.

         c) Fishery

Production of fishery in the country in August was estimated at 683.6 thousand tons, rose by 6.1% compared with the same period last year that included fish reached 475.3 thousand tons, rose by 6%; shrimp reached 106 thousand tons, rose by 10.4%; other fisheries reached 102.3 thousand tons, rose by 2.6%.

Aquaculture production in the month was estimated at 360.8 thousand tons, rose by 7% compared with the same period last year, of which fish reached 231 thousand tons, rose by 6%; shrimp reached 91.6 thousand tons, rose by 12%. Pangasius farming continued to gain good results, production of pangasius in August was estimated at 114.8 thousand tons, grew up 8% compared with the same period last year, of which Dong Thap reached 42.4 thousand tons, grew up 4.7%; An Giang reached 36.4 thousand tons, rose by 44.2%. Brackish water shrimp farming got favorable weather conditions, along with rising shrimp prices that encouraged producer to expand their farming areas. Production of black tiger shrimp in the month was estimated at 30.2 thousand tons, grew up 5.6% compared with the same period last year, production of white leg shrimp reached 54.1 thousand tons, rose by 11.5%.

Production of fishery catching in August 2018 was estimated at 322.8 thousand tons, grew up 5.1% compared with the same period last year, of which fish reached 244.3 thousand tons, grew up 5.9%; shrimp reached 14.4 thousand tons, grew up 1.4%; other fishery reached 64.1 thousand tons, grew up 3.1%. The weather in the month was relatively favorable for marine catching; production of marine catching reached 303.5 thousand tons, growing up 5.2%.

Generally  in 8 months of 2018, production of fishery was estimated at 4,929.1 thousand tons, grew up 5.8% compared with the same period last year, of which production of aquaculture reached 2,531 thousand tons, grew up 6.6%;  production of  catching fishery reached 2,398.1 thousand tons, an increase of 5% (marine catching reached 2276.5 thousand tons, an increase of 5.2%).

  1. Industrial production

Industrial production in August witnessed continuously positive growth. Index of industrial production (IIP) in this month was estimated to increase by 13.4% over the same period of last year, of which the mining and quarrying; the manufacturing; the production and distribution of electricity and water supply, waste and sewerage remediation rose by 2.4%; 16%; 6.7% and 7.1% respectively.

In general, IIP in August 2018 jumped up 11.2% compared to the same period of previous year, higher than the growth of 8.2% in same period of 2017[3]. Of which, the manufacturing climbed up 13.3%, contributing 10.2 percentage points to the general growth; the production and distribution of electricity edged up 10.4%, contributing 0.9 percentage points; the water supply; waste and sewerage remediation increased by 6.5%, contributing 0.1 percentage points; Particularly, the mining and quarrying decreased by 0.3%, causing a fall of 0.04 percentage points in the general growth.

In the 2-digit industrial activities, the IIP in some industrial activities in August remarkably increased against the same period of previous year: the manufacture of coke, refined petroleum products shot up 60.8% (the mining of coke rocketed by 116.4%; the extraction of refined petroleum products surged up 59.2%[4]); the mining and quarrying support service activities soared 38.6%; the manufacture of metal jumped up 18%; the manufacture of electronic, computer and optical products rose by 17.5%; the manufacture of pharmaceutical, medicinal chemical and botanical products went up17.5%; the manufacture of fabricated metal products (except machinery and equipment) edged up 15.8%. Some industrial activities experienced a moderate increase or decrease, specifically: The manufacture of tobacco products; repair, maintenance and installation machinery and equipment went up 4.2%; 3.4% respectively; the manufacture of wood and of products of wooden, bamboo and rattan and the manufacture of rubber and plastic products both edged up 3.1%; the extraction of crude oil and natural gas reduced by 4.4% (extraction of crude oil dropped 10.6%; extraction of natural gas grew 2.6%); other mining and quarrying (stone, sand, gravel…) declined by 3.3%.

Some main industrial products in August 2018 reached a sharp increase year-on-year, as follows: petroleum surged up 50.7%, mainly due to the contribution of Nghi Son Refinery and Petrochemical LLC (Thanh Hoa); iron and steel bar; mobile phone’s parts; aluminum; liquefied petroleum gas; assembled television sets; fabric from polyester and artificial yarn soared 37.6%; 36.6%; 25.2%; 24.9%; 22%; and 21.2% respectively. Refined sugar and aquatic feed both jumped up 17.6%. Some industrial products moderately rose or dropped: Natural gas; NPK fertilizer; cattle feed; sodium glutamate; fresh milk and mobile phone accelerated by 2.6%; 1.4%; 1.1%; 0.9%; 0.5% and 2.3% respectively (smart phone reduced by 6%); urea fertilizer and extracted crude petroleum had a corresponding reduction of 2.8%; 10.6%.

The index of industrial production in August 2018 of 63 provinces and cities under central management increased over the same period of previous year, of which Ha Tinh possessed the highest rise of 121.4%, mainly due to the contribution of Fomosa Corporation. The IIP in August this year in the large-sized industrial provinces as follows: Hai Phong surged up 24.2%; Bac Ninh soared 20.2%; Vinh Phuc jumped up 13.9%; Thai Nguyen climbed up 12.1%; Hai Duong and Quang Ninh both rose by 9.3%; Binh Duong and Da Nang went up 9% and 8.6% respectively. Dong Nai and Quang Nam both grew 8.5%; Can Tho; Ho Chi Minh City; Ha Noi and Ba Ria-Vung Tau possessed a corresponding rise of 8%; 7.5%; 7.4% and 2.7%.

The number of employees working in industrial enterprises as of 1st August 2018 gained a increase of 3% over the same time point of previous year, of which employees in State owned enterprises reduced by 0.9%; non State enterprises and FDI enterprises accelerated by 3.2% and 3.5% respectively. At the time point, the number of employees in the mining and quarrying enterprises edged up 0.1% in comparison with the same time point of last year; the manufacturing increased by 3.2%; the production and distribution of electricity decreased by 1.2%; the water supply, waste and sewerage remediation fell by 0.6%.

Employees in enterprises as of 1st August 2018 against the same time point of last year in some large-sized industrial provinces were as follows: Can Tho; Hai Phong; Ha Noi; Quang Ninh; Dong Nai; Hai Duong; Ba Ria-Vung Tau; Quang Nam; Vinh Phuc; Ho Chi Minh city and Binh Duong rose by 23.4%; 15.4%; 4.9%; 4.3%; 3.9%; 3.5%; 3.4%; 2.9%; 2.5%; 0.4% and 0.3% respectively; Thai Nguyen fell by 1.7%; Bac Ninh went down 5%; Da Nang shrank by 6.3%.

  1. Enterprise registration status[5]

In August, there were 11,655 newly established enterprises in the whole country with a registered capital of 107.6 trillion VND, an increase of 3.5% in number of enterprises and a decrease of 11.9% in registered capital compared to the previous month[6]; the average registered capital of an enterprise reached 9.2 billion VND, down 14.9%; The total number of registered employees of newly established enterprises was 111.2 thousand employees, down 3.3%. In the month, there were 2,912 re-operated enterprises, 2% lower than the previous month; 6,216 temporarily ceased enterprises (including: 1,961 enterprises ceased for a certain period of time and 4,255 enterprises temporarily ceased without registration or awaited dissolution), a downturn of 22%; 1,421 enterprises completed dissolution procedures, up 31%.

Generally for 8 months, there were 87,448 newly established enterprises with a total registered capital of 878.6 trillion VND, making up 2.4% in number of enterprises and 6.9% in registered capital with the same period in 2017[7]; the average registered capital of a newly established enterprise reached 10 billion VND, an increase of 4.3%. If including 1,679.6 trillion VND of additional registered capital of enterprises that recorded upward adjustment of capital, the total additional registered capital in the economy in 8 months of 2018 was 2,558.2 trillion VND. Besides, there were 20,942 re-operated enterprises, rising by 9.3% over the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in 8 months of this year to nearly 108.4 thousand enterprises. The total number of registered employees of newly established enterprises in 8 months of 2018 was 734.7 thousand employees, decreased by 10.7% compared to the same period last year.

By economic activities, in 8 months, there were 29.6 thousand newly established enterprises in the wholesale and retail, repair of automobiles and motorbikes (accounting for 33.9% of the total newly established enterprises), a decline of 3.5% compared to the same period last year; 11.5 thousand construction enterprises (accounting for 13.1%), going up by 4.4%; 10.9 thousand manufacturing enterprises (accounting for 12.4%), a drop of 0.9%; 6.6 thousand enterprises in the science, technology, consultation service, designing, advertisement and others (accounting for 7.6%), a rise of 3.5%; 5.1 thousand enterprises in the employment services, travel, renting and leasing of machinery, equipment and other support services (accounting for 5.8%), made up 13.8%; 4.6 thousand enterprises in the accommodation and catering services (accounting for 5.2%), rose by 12.4%; 4.5 thousand real estate enterprises (accounting for 5.1%), up 42%; 3.9 thousand transportation and  storage enterprises (accounting for 4.4%), went down 4.9% …

In the first 8 months of this year, some economic regions recorded an increase in the number of newly registered enterprises increased compared to the same period last year: The North Central and Central Coast areas gained 12.3 thousand enterprises, an increase of 5.9% (registered capital of 111.3 trillion VND, made up 8.2%); South East reached 37.1 thousand enterprises, a rise of 4.2% (registered capital of 400.7 trillion VND, a fall of 4.9%); Mekong River Delta achieved 6.1 thousand enterprises, an upturn of 1.2% (registered capital of 59 trillion VND, made up 33.7%). The remaining regions experienced a fall in the number of newly registered enterprises compared to the same period last year: The Red River Delta was 26.1 thousand enterprises, reduced 0.2% (the registered capital reached 262.2 trillion VND, increased by 31.7%); Northern Midlands and Mountains areas were 3.6 thousand enterprises, a cut of 0.9% (registered capital of 31.8 trillion VND, down 16.4%); Central Highlands was 2.1 thousand enterprises, decreased by 4.7% (registered capital of 13.6 trillion VND, downturn 17.5%).

The number of temporarily ceased enterprises in 8 months were 63,235 enterprises, an increase of 38.1% over the same period last year, including 21,575 enterprises ceased for a certain period of time, up 25.2% and 41,660 enterprises temporarily ceased without registration or awaited dissolution, up 45.9%[8]. By economic activities, the number of enterprises ceased for a certain period of time, increased in almost economic activities compared to the same period last year, particularly: wholesale and retail, repair of automobiles and motorbikes recorded 8.5 thousand enterprises (accounting for 39.2%), went up 24%; there were 3.3 thousand construction enterprises (accounting for 15.1%), going up 25.3%; 2.7 thousand manufacturing enterprises (accounting for 12.5%), making up 19.8%; 1.2 thousand enterprises in the accommodation and catering services (accounting for 5.4%), rose by 29.7% … For enterprises temporarily ceased without registration or awaited dissolution, the wholesale and retail, repair of automobiles and motorbikes with 14.8 thousand enterprises (accounting for 35.5%), a rise of 23.3% over the same period last year; 5.8 thousand construction enterprises (accounting for 14%), an upturn of 49.4%; 5.1 thousand manufacturing enterprises (accounting for 12.2%), rose by 57.8%; 2.4 thousand enterprises employment services, travel, renting and leasing of machinery, equipment and other support services (accounting for 5.7%), up 71.5%; 2.4 thousand enterprises in the accommodation and catering services (accounting for 5.8%), grew up 79.8% etc.

In 8 months of 2018, the number of enterprises completed dissolution procedures was 9,135 enterprises, increasing 17.8% compared to the same period last year, of which 8,357 enterprises with capital size of less than 10 billion VND, accounting for 91.5% and increased by 16.9%. The enterprises completed dissolution procedures mainly focused in the economic activities: wholesale and retail, repair of automobile and motorbike with 3.5 thousand enterprises, up 19.9% over the same period last year; the manufacturing: 1.3 thousand enterprises, jumped up 26.7%; the construction activity: 992 enterprises, a growth of 15.1%.

  1. Investment

In August, the realized investment of the State budget was estimated at 30.3 trillion VND, including: The central capital was 5.6 trillion VND; the local capital was 24.7 trillion VND. Generally for 8 months of this year, the realized investment of the State budget reached 183.6 trillion VND, equaling 55.2% of the yearly plan and increasing by 11.3% over the same period last year (the rates in the same period in 2017 were 53.6% and 6.4%, respectively), including:

– The capita under central management reached 33.8 trillion VND, equaling 51.3% of the yearly plan and decreased by 7.6% over the same period last year, of which, the realized investment under the Ministry of Transportation reached 11.306 billion VND, equaling 61.4% and down 43.7%; Ministry of Agriculture and Rural Development: 3,706 billion VND, equaling 45.9% and increasing by 14.7%; Ministry of Health: 1,339 billion VND, equaling 40.5% and decreasing by 41.7%; Ministry of Natural Resources and Environment: 706 billion VND, equaling 47.6% and increasing 52.6%; Ministry of Education and Training: 571 billion VND, equaling 42.1% and going up 29.1%; Ministry of Culture, Sports and Tourism: 349 billion VND, equaling 46.5% and increasing 9.3%; Ministry of Construction: 148 billion VND, equaling 54.4% and decreasing 53%; Ministry of Industry and Trade: 119 billion VND, equaling 53.9% and going down 17.6%; Ministry of Science and Technology: 116 billion VND, equaling 48% and going up 60.3%; Ministry of Information and Communications: 65 billion VND, equaling 49.1% and increasing by 15.4%.

– The capital under local management reached 149.8 trillion VND, equaling 56.1% of the yearly plan and increasing by 16.7% over the same period in 2017, of which: State budget capital at provincial level reached 104.3 trillion VND, equaling 53.5% and increasing by 17.9%; State budget capital at district level reached 38 trillion VND, equaling 61% and increasing by 14.2%; State budget capital at commune level reached 7.5 trillion VND, equaling 76.3% and rising by 11.7%. The realized investment from the state budget of some provinces and cities directly under the Central Government in 8 months in 2018 was as follows: Hanoi reached 21.4 trillion VND, equaling 56.1% of the yearly plan and increasing by 5 % compared to the same period last year; Ho Chi Minh City: 12.7 trillion VND, equaling 43.9%[9] and increasing 13.8%; Quang Ninh: 5,887 billion VND, equaling 60.8% and increasing by 52.3%; Hai Phong: 5,287 billion VND, equaling 58% and increasing by 65.8%; Binh Duong: 4,156 billion VND, equaling 52.2% and rising by 9.4%; Thanh Hoa: 3,970 billion VND, equaling 63.1% and rising by 29.7%; Ba Ria – Vung Tau: 3,909 billion VND, equaling 60.1% and increasing by 32.8%; Nghe An 3,697 billion VND, equaling 63.1% and increasing by 5.3%.

Foreign direct investment from the beginning of the year to 20th August, 2018 attracted 1,918 newly licensed projects with a registered capital of 13,481.6 million USD, an increase of 18.1% in number of projects and a fall of 0.2% of registered capital compared to the same period in 2017. Besides, 736 projects which were licensed in the previous year registered to adjust investment capital with an additional capital of 5,584.8 million USD, a reduction of 12.8% compared to the same period last year. Thus, the total newly registered and additional registered capital in 8 months was 19,066.4 million USD, a fall of 4% compared to the same period in 2017. The realized foreign direct investment in the first 8 months of this year was estimated to reach 11.25 billion USD, increasing by 9.2% compared to the same period in 2017. In 8 months, there were 4,551 turns of capital contribution and share purchase of foreign investors with the total value of 5.28 billion USD, an increase of 50.9% compared to the same period in 2017, of which: 669 turns of capital contribution and share purchases increased the charter capital of the enterprise with the capital contribution of 1.76 billion USD and 3,882 turns of foreign investors repurchased domestic shares without increasing charter capital with the value of 3.52 billion USD.

In 8 months, the manufacturing activity attracted the most foreign direct investment with capital of newly licensed projects reaching 5,766 million USD, accounted for 42.8% of the total newly registered capital; real estate activities reached 5,007 million USD, accounted for 37.1%; other sectors reached 2,708.6 million USD, accounted for 20.1%. If including additional registered capital of licensed projects from previous years, foreign direct investment in manufacturing activity in the first 8 months of this year reached 9,301.9 million USD, accounted for 48.8% of the total registered capital; real estate activities reached 5,496.7 million USD, accounted for 28.8%; other sectors reached 4,267.8 million USD, accounted for 22.4%. For capital contribution, buying shares of foreign investors, capital invested in the manufacturing activity reached 1,424.7 million USD, accounted for 27% of the total capital contribution; the wholesale and retail trade; repair of motor vehicles and motorcycles reached 1,208.5 million USD, accounted for 22.9%; the other sectors reached 2,649.1 million USD, accounted for 50.1%.

In the whole country, there were 52 provinces and centrally-run directly under the Central Government having newly foreign direct investment projects licensed in the first 8 months of the year, in which Hanoi had the largest registered capital with 5.101.8 million USD, accounted for 37.8% of total newly registered capital; followed by Ba Ria – Vung Tau with 1,771.3 million USD, accounted for 13.1%; Binh Duong with 661.4 million USD, accounted for 4.9%; Ho Chi Minh City: 581.8 million USD, accounted for 4.3%; Dong Nai: 580.8 million USD, accounted for 4.3%; Hai Phong: 409.4 million USD, accounted for 3%; Ninh Thuan: 385.1 million USD, accounted for 2.9%; Bac Lieu: 365.8 million USD, accounted for 2.7%; Kien Giang: 353.5 million USD, accounted for 2.6%.

Among 66 countries and territories with newly licensed investment projects in Vietnam in the first 8 months of this year, Japan ranked the top with 5,848.4 million USD, accounted for 43.4% of total newly registered capital; followed by South Korea with 2.821 million USD, accounted for 20.9%; Singapore 949.7 million USD, accounted for 7%; Thailand 827.3 million USD, accounted for 6.1%; China 521.1 million USD, acc          ounted for 3.9%; Hong Kong Special Administrative Region (China) with 512.3 million USD, accounted for 3.8%; France 469.7 million USD, accounted for 3.5%.

Vietnam’s outward foreign direct investment in 8 months of this year, had 93 new projects granted investment certificates with a total capital of 271.5 million USD; 30 projects adjusted capital with a supplementary capital of 42 million USD. In general, the total outward foreign direct investment of Viet Nam (newly licensed and supplementary capital) in 8 months of 2018 reached 313.5 million USD, of which financial and banking activities reached 105.8 million USD, accounted for 33, 7% of total investment; agriculture, forestry and fishery recorded at 63.8 million USD, accounted for 20.4%; the manufacturing activity reached 45.9 million USD, accounted for 14.6%. In 8 months, Vietnam’s outward invested in 29 countries and territories, of which Lao People’s Democratic Republic was the leading country with 95.2 million USD, accounted for 30.4% of total investment; Italy: 37.8 million USD, accounted for 12%; Slovakia 35.9 million USD, accounted for 11.5%.

  1. State budget revenue and expenditure

Total state budget revenue from the beginning of the year to August 15, 2018 was estimated at 814.2 trillion VND, equaling 61.7% of the yearly estimate, of which domestic revenue was 649 trillion VND, equaling 59%; revenue from crude oil reached 37.7 trillion VND, equaling 105.1%; budget balancing revenue from import and export activities reached 125.2 trillion VND, equaling 70%. In domestic revenues, revenues from the state-owned enterprises reached 90.2 trillion VND, equaling 54.2% of the yearly estimate; revenues from FDI enterprises (excluding crude oil) gained 109.6 trillion VND, equaling 49.2%; non-state taxes reached 128.2 trillion VND, equaling 58.8%; personal income tax was 59.9 trillion VND, equaling 61.9%; environmental protection tax achieved 26.7 trillion VND, equaling 54.8%; revenue from land use recorded 74.4 trillion VND, equaling 86.6%.

Total state budget expenditures from the beginning of the year to August 15, 2018 was estimated at 820.2 trillion VND, equaling 53.8% of the yearly estimate, of which recurrent expenditures reached 573 trillion VND, equaling 60,9%; development investment expenditure reached 166.3 trillion VND, equaling 41.6%; debt repayment was 71.9 trillion VND, equaling 63.9%.

  1. Trade, prices, transportation and tourism

      a) Gross retail sales of goods and services

Gross retail sales of goods and services in August were estimated at 370 trillion VND, climbing up 0.4% over the previous month and up 12.6% over the same period last year, of which: revenues from retail sales of goods reached 277.2 trillion VND, jumped up 1% and by 12.9%, respectively; revenue from accommodation and catering services reached 45.1 trillion VND, going down 1.9% and going up 8.6%; revenue from traveling services reached 3.6 trillion VND, down by 1.6% and up by 12.2%; other services reached 44.1 trillion VND, decreased by 0.3% and increased by 14.7%. Generally for 8 months, gross retail sales of goods and services were estimated at 2,860.4 trillion VND, up 11.2% over the same period last year, if excluding price factor, increased by 8.53% (same period in 2017 rose by 8.36%).

By economic activities, gross retail sales of goods for 8 months were estimated at 2,149.5 trillion VND, accounting for 75.2% of the total and increasing by 11.7% compared to the same period last year. In particular, the food and foodstuff sector increased by 12.8%; garments increased by 12.3%; household appliances, tools and equipment by 11.6%; cultural and educational items by 10.8%; vehicles increased by 10.7%. Some localities achieved a good growth: Thai Nguyen by 13.1%; Thanh Hoa by 12.8%; Ho Chi Minh City by 12.7%; Binh Dinh and Bac Giang both up by 12.5%; Hanoi by 11.9%; Vinh Phuc by 11.8%; Hai Duong by 11.7%; and Nam Dinh by 11.6%.

Revenue from accommodation and catering services in 8 months was estimated at 352 trillion VND, accounting for 12.3% of the total and increasing by 9.1% over the same period last year, of which Binh Duong increased by 14.1%; Binh Dinh jumped by 12.1%; Tien Giang climbed by 12%; Khanh Hoa went up by 11.7%; Ho Chi Minh City rose by 11.2%; Nghe An increased by 10.6%; and Ha Noi grew by 4.1%.

The revenue of traveling in 8 months was estimated at 26.8 trillion VND, accounting for 0.9% of the total and increasing by 17.6% over the same period last year. Some localities saw a good increase: Ba Ria – Vung Tau increased by 24.2%; Ho Chi Minh City by 22.4%; Lao Cai by 19.3%; Quang Ninh by 17.2%; and Hanoi by 11.2%.

The turnover of other services in 8 months was estimated at 332.1 trillion VND, accounting for 11.6% of the total and increasing by 9.5% over the same period in 2017, of which revenue of Binh Dinh increased by 13.3%; Thanh Hoa jumped by 12.9%; Da Nang climbed by 11.8%; Ho Chi Minh City rose by 11.4%; and Hanoi went up by 5.1%.

         b) Import and export of goods

Export turnover in July 2018 reached 20,320 million USD, 820 million USD higher than the estimated figure, of which: phones and their parts were 363 million USD higher; machinery, instrument and accessory were 203 million USD higher; electronic goods, computers and their parts were 195 million USD higher; iron and steel were 111 million USD higher; textiles and garments were 29 million USD lower; petroleum was 33 million USD lower than estimated.

In August 2018, export turnover of goods was estimated at 20.90 billion USD, increasing by 2.9% over the previous month, of which: the domestic economic sector reached 6.05 billion USD, increasing by 2.9%; FDI sector (including crude oil) gained 14.85 billion USD, going up by 2.8%. Some main export products in August saw an increase in turnover: Petroleum rose by 41.5%; phones and their parts climbed up by 13.9%; chemicals increased by 13.1%; rubber edged up by 8.1%. Compared to the same period last year, export turnover in August increased by 5.5%, of which: the domestic economic sector grew by 9.4%; FDI sector (including crude oil) increased by 4%. Export turnover of some products grew over the same period last year: Textiles and garments increased by 9%; phones and their parts increased by 6.7%; electronic goods, computers and their parts rose by 2.9%.

Generally for 8 months of 2018, export turnover was estimated at 155.41 billion USD, going up by 14.5% compared to the same period of 2017, of which: the domestic economic sector reached 45.11 billion USD, rising by 17.4%; FDI sector (including crude oil) reached 110.30 billion USD (accounting for 71% of total export turnover), going up by 13.4%. Export turnover of some main products continued to increase over the same period last year: Phones and their parts attained 30.9 billion USD, up 15.7%; textiles and garments achieved 19.4 billion USD, up 14.9%; electronic goods, computers and their parts gained 18.4 billion USD, up 14.2%; machinery, instrument and accessory reached 10.6 billion USD, up 26.9%; footwear attained 10.5 billion USD, up 9.6%. Besides, some agriculture and fishery products increased significantly: Fishery products reached 5.5 billion USD, up 6.4%; vegetables and fruits gained 2.7 billion USD, up 14.8%; cashew nuts reached 2.3 billion USD, up 2.5% (volume increased by 8%); rice reached 2.2 billion USD, an increase of 23.6% (volume rose by 8.2%). Although some agricultural products increased in export volume, their turnover decreased compared to the same period last year because the average export price continued to fall: Coffee reached 2.5 billion USD, down 3.1% (volume increased by 14 ,8%); rubber reached 1.2 billion USD, down 12.1% (volume increased by 7.9%); pepper gained 584 million USD, down 35.2% (volume rose by 4.7%). Crude oil in 8 months continued to fall sharply in both volume and export turnover over the same period last year: crude oil export turnover reached 1.5 billion USD, down 24.6% (volume reduced by 46.6%).

Regarding export market in 8 months, the United States was Vietnam’s largest export market with a turnover of 30.2 billion USD, up 10.2% compared to the same period last year, of which: phones and their parts increased by 27.2%; footwear rose by 12.9%; textiles and garments went up by 10.4%. The following was EU with 27.7 billion USD, up 10.8%, of which: electronic goods, computers and their parts increased by 23.3%; machinery, instrument and accessory rose by 20.8%; phones and their parts grew by 13%. China reached 23.4 billion USD, edging up by 25.2%, of which: phones and their parts increased by 175.7%; textiles rose by 43.1%; electronic goods, computers and their parts increased by 23.3%. ASEAN market reached 16.5 billion USD, climbing up by 16%, of which: rice rose by 145.3%; iron and steel increased by 52.7%; textiles and garments went up by 33.9%. Japan reached 12 billion USD, going up by 9.4%, of which: textiles and garments increased by 21.9%; footwear jumped up by 12.3%; machinery, instrument and accessory increased by 4.8%. South Korea reached 11.8 billion USD, edging up by 27.9%, of which: electronic goods, computers and their parts increased by 52.5%; phones and their parts increased by 26.4%; textiles and garments rose by 17.7%.

Imported goods turnover in July 2018 reached 20,955 million USD, 155 million USD higher than estimated figure, of which: phones and their parts were 504 million USD higher; metals were 314 million higher; electronic goods, computers and their parts were 85 million USD higher; medicine was 31 million USD higher; means of transport and spare parts were 24 million USD higher; petroleum was 132 million USD lower than estimated.

Import turnover in August was estimated at 21.0 billion USD, up 0.2% over the previous month, of which: the domestic economic sector was 8.0 billion USD, up 0.1%; FDI sector reached 13.0 billion USD, up 0.3%. Import turnover of some products increased compared to the previous month: Phones and their parts rose by 35.3%; rubber increased by 14.8%; fibers of all kind increased by 12.5%; fertilizer rose by 11.1%; cars increased by 10.3%; electronic goods, computers and their parts went up by 9.3%; motorcycles increased by 8.7%; vegetables climbed up by 7.6%. Compared to the same period last year, import turnover in August 2018 increased by 14.8%, of which: the domestic economic sector rose by 9.7%; FDI sector jumped up 18.2%. Import turnover of some products increased compared to the same period last year:   Phones and their parts increased by 28.9%; fabric rose by 27.8%; electronic goods, computers and their parts edged up by 12.5%; machinery, instrument and accessory increased by 8.5%.

Generally for 8 months, import turnover was estimated at 152.66 billion USD, up 11.6% over the same period last year, of which: the domestic economic sector reached 61.85 billion USD, up 11,8%; FDI sector reached 90.81 billion USD, up 11.4%. Some products had high turnover: Electronic goods, computers and their parts reached 26.9 billion USD, up 13.7%; Phones and their parts gained 9,3 billion USD, up 4.3%; fabric attained 8.5 billion USD, up 16.1%; iron and steel reached 6.7 billion USD, up 10.2%; plastics achieved 5.8 billion USD, up 17.1%; petroleum reached 5.7 billion USD, up 26.4%; metals gained 5.3 billion USD, up 35.9%; materials for textile, garment and footwear reached 3.8 billion USD, up 4.6%; chemicals attained 3.3 billion USD, up 26.2%.

In terms of import market in 8 months, China was still the largest import market of Vietnam with a turnover of 41.4 billion USD, going up by 12.8% compared to the same period in 2017, of which: import turnover of some main products increased: Fabrics rose by 19.7%; phones and their parts increased by 14.2%; electronic goods, computers and their parts grew by 6.1%. The following was South Korea with import turnover of 30.8 billion USD, edging up by 1.9%, of which: electronic goods, computers and their parts increased by 17%; fabric jumped up by 12.8%. ASEAN reached 20.5 billion USD, increased by 11.8%, of which: machinery, instrument and accessory increased by 18.9%; electronic goods, computers and their parts increased by 12.5%; petroleum climbed up by 4%. Japan reached 12.2 billion USD, edging up by 14.8%, of which: electronic goods, computers and their parts increased by 34.2%; fabric rose by 19%; iron and steel grew by 16%. EU reached 8.9 billion USD, up 11.2%, of which: fabric increased by 31.1%; electronic goods, computers and their parts rose by 23.1%; machinery, instrument and accessory increased by 13.4%. The United States reached 8.7 billion USD, an increase of 39.2%, of which: animal feed increased by 133.4%; cotton rose by 25.9%.

Trade balance of goods in July witnessed a trade deficit of 635 million USD[10]. Trade deficit in August was estimated at 100 million USD. Generally for 8 months, trade balance still maintained trade surplus with 2.8 billion USD[11], of which: the domestic economic sector saw a trade deficit of 16.7 billion USD; FDI sector (including crude oil) witnessed a trade surplus of 19.5 billion USD.

          c) Consumer price index, gold price index and USD price index

Consumer price index (CPI) in August increased by 0.45% over the previous month. There were 10 per 11 groups of goods and services with increased price indexes compared to the previous month, of which food and catering services grew with the highest rate of 0.87%, mainly due to the increase of food group by 1.12%[12] (making overall CPI go up 0.25%); foodstuff group increased slightly by 0.1%. The education group rose 0.46% because 14 localities implemented the roadmap to increase tuition fees according to Decree No. 86/2015/NĐ-CP dated 2nd October, 2015 of the Government. The group of housing and construction materials increased by 0.44% (prices of housing maintenance materials went up 0.42%; gas prices grew 2.8% due to the impact of the gas price adjustment as of 1st August, 2018). The group of culture, entertainments and tourism increased by 0.19%; the transportation group expanded 0.13%[13]; the group of beverage and cigarette increased by 0.11%. The two groups of garments, hats and footwear and household equipment and goods also went up 0.02%; other consumer goods and services spread 0.13%. Particularly, the group of post and communication fell 0.07%.

Average CPI in 8 months of 2018 increased by 3.52% compared to the average of the same period in 2017. CPI in August 2018 rose 2.59% compared to December 2017 and increased by 3.98% over the same period last year.

Core inflation in August 2018 increased by 0.22% over the previous month and expanded 1.54% over the same period last year. Average core inflation in 8 months of 2018 increased by 1.38% compared to average of the same period in 2017.

Gold price index in August 2018 decreased by 1.41% compared to the previous month; declined 0.93% compared to December 2017 and increased by 0.33% compared to the same period last year. USD prices widely fluctuated in the world market but with the flexible management of the State Bank of Viet Nam, VND to USD exchange rate still fluctuated in the range of 3%, consistent with domestic and international market situation. The USD price index in August 2018 increased by 1.12% over the previous month; expanded 2.43% compared to December 2017 and went up 2.44% compared to the same period in 2017.

          d) Passenger and freight transport

Passenger transport in August was estimated at 395 million persons, an increase of 1.1% over last month and 17.8 billion persons.km, a rise of 1.1%. Generally for 8 months of 2018, passenger transport reached 3,047.1 million persons, an increase of 10.3% over the same period last year and 135.1 billion persons.km, an increase of 10.4%, of which passenger transport by roadway reached 2,875.7 million persons, an uptrend of  10.5% and 93.9 billion persons.km, an increase of 10.7%; by inland waterway reached 127.8 million persons, an increase of 6.3% and 2.4 billion persons.km, an increase of 6.6%; by seaway reached 4.9 million persons, a rise of 6.4% and 290.2 million persons.km, an increase of 6.9%; by airway was quite good with 33.3 million persons, a build-up of 12.8% and 36.2 billion persons.km, a growth of 12.2%; by railway reached 5.4 million persons, a decrease of 22.3% and 2.3 billion persons.km, a decline of 17.7%.

Freight transport in August was estimated at 137.9 million tons, an increase of 0.4% over the previous month and 25.9 billion tons.km, a rise of 1.2%. Generally for 8 months, freight transport reached 1,071.1 million tons, an upturn of 9.6% over the same period last year and 199.2 billion tons.km, an expansion of 7.1%, of which domestic freight reached 1,048.5 million tons, an increase of 9.7% and 107.7 billion tons.km, a build-up of 9.7%; overseas freight reached 22.5 million tons, an increase of 2.8% and 91.5 billion tons.km, a rise of 4.1%. By type of transport, freight transport by roadway reached 826.9 million tons, a growth of 10.5% over the same period last year and 54.5 billion tons.km, an upturn of 11.8%; by inland waterway reached 189.5 million tons, a rise of 7.3% and 40 billion tons.km, an increase of 7.4%; by seaway reached 51.1 million tons, an increase of 4.9% and 101.8 billion tons.km, an expansion of 4.7%; by railway reached 3.3 million tons, a decrease of 10% and 2.3 billion tons.km, a downturn of 1.3%; by airway reached 235.4 thousand tons, an increase of 22.1% and 620.8 million tons.km, a rise of 19.5%.

        e) International visitors to Viet Nam

International visitors to Viet Nam in August were estimated at 1,323.5 thousand visitors, increasing by 11.3% over the previous month, of which visitors coming by airway increased by 7.7%; by roadway increased by 29.4%; by seaway went up 21.3%. Compared to the same period last year, international visitors to Viet Nam increased by 7.7%, of which visitors from Asia grew 8.2%; from Europe increased by 5.8%; from America expanded 9%, from Oceania decreased by 0.1%; from Africa rose 13.7%.

Generally for 8 months, international visitors to Viet Nam were estimated at 10,403.9 thousand visitors, increasing by 22.8% compared to the same period last year, of which visitors coming by airway reached 8,422.3 thousand visitors, an increase of 17.3%; by roadway reached 1,798.9 thousand visitors, a rise of 62.1%; by seaway reached 182.7 thousand visitors, an upturn of 1.6%.

In 8 months, visitors from Asia reached 8,034.9 thousand, accounting for 77.2% of the total number of international tourists to Viet Nam, an increase of 27% compared to the same period last year, of which visitors coming from main markets all increased: visitors from China reached 3,402.3 thousand visitors, an increase of 28.2%; from South Korea achieved 2,286.7 thousand visitors, a rise of 52.4%; from Japan attained 545.7 thousand visitors, a growth of 5.3%; from Taiwan reached 469.3 thousand visitors, an increase of 14%; from Malaysia achieved 334 thousand visitors, an increase of 13%; from Thailand reached 212.6 thousand visitors, an expansion of 10.9%; from Singapore 180.1 thousand visitors, an increase of 5.4%.

Visitors from Europe were estimated at 1,404 thousand visitors, an increase of 9.8% over the same period last year, of which: visitors from the Russian Federation reached 413.4 thousand visitors, an increase of 7.5%; from United Kingdom achieved 207.4 thousand visitors, a rise of 6.7%; from France attained 199.2 thousand visitors, a growth of 10.6%; from Germany made 141.7 thousand visitors, an expansion of 7.9%; from Netherlands reached 54.9 thousand visitors, an increase of 8.4%; from Spain achieved 48 thousand visitors, a build-up of 10.9%; from Italy reached 45.6 thousand visitors, an increase of 15.3%; from Sweden attained 37 thousand visitors, an increase of 14.2%.

Visitors from the America reached 636.4 thousand, a rise of 12.6% over the same period last year, of which visitors from the United States reached 486 thousand visitors, a growth of 14.5%. Visitors from Oceania reached 300.7 thousand visitors, an increase of 7.4% over the same period in 2017, of which visitors from Australia attained 266.5 thousand visitors, an upturn of 8.1%. Visitors from Africa reached 27.9 thousand visitors, an increase of 20.4% over the same period in 2017.

  1. Social issues

      a) Food shortage among farmers

In August, the whole country witnessed 3 thousand households suffering from food shortage, a year on year decrease of 2.1%, equivalent to 12.3 thousand persons suffering from food shortage, a decrease of 4.4%. Generally, for 8 months of 2018, there were 99.2 thousand households suffering from food shortage, down 38.7% compared to the corresponding period of the preceding year equivalent to 395.8 thousand persons suffering from food shortage, dropped 40.4%. 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 more than 7.4 thousand tons of food and 1.6 billion VND.

        b) Epidemic diseases and food poisoning

In August, the whole country witnessed 8.9 thousand cases of hand, foot and mouth disease; 12.7 thousand cases of hemorrhagic fever (1 death); 73 cases of typhoid; 153 cases of viral encephalitis (6 deaths); 3 cases of meningococcal meningitis (1 deaths); 144 cases of whooping cough (1 death); 8 cases of human streptococcus suis infection (1 death), 7 cases of deaths from rabies and 129 cases of food poisoning.

Generally, for 8 months of 2018, there were 30.5 thousand cases of hand, foot and mouth disease; 42.6 thousand cases of hemorrhagic fever (9 deaths); 411 cases of typhoid; 592 cases of viral encephalitis (13 deaths); 17 cases of meningococcal meningitis (1 death); 477 cases of whooping cough (1 death); 71 cases of human streptococcus suis infection (6 deaths); 43 deaths from rabies and 1,502 cases of food poisoning (8 deaths).

As of 15 August 2018, the total number of alive HIV-infected persons over the country was 208.4 thousand persons and the number of cases turned to AIDS was 92.4 thousand persons, the number of persons died of HIV/AIDS nationwide was 98.03 thousand persons.

        c) Traffic accidents

In the month (from 16 July to 15 August), there were 1,432 accidents occurred nationwide, including 757 traffic accidents from less serious to more and 675 traffic collisions, causing 650 people deaths, 391 injuries and 703 slight injuries. Compared to the same period last year, the number of traffic accidents in August 2018 decreased by 10.7% (number of traffic accidents from less serious to more rose by 1.3% and number of traffic collisions decreased by 21.1%); the number of deaths declined by 1.7%; the number of injuries increased by 10.8% and the number of slight injuries dropped 25.6%. Remarkably, there were some serious traffic accidents such as: the accident occurred on 26 July in Cai Lay, Tien Giang causing 3 deaths and 2 injuries; extremely serious traffic accident between a bus and a tractor trailer occurred on 30 July in Dien Ban, Quang Nam causing 13 deaths and 4 injuries; the accident occurred on 31 July in Dong Nai causing 1 death, 11 injuries, of which 4 seriously injuries; the accident occurred on 8 August on Ho Chi Minh road, section in Ha Tinh province causing 2 deaths and 1 injury; the bus accident occurred on 15 August on Hanoi – Lao Cai highway, section in Phu Tho province causing 5 injuries.

Generally, for 8 months of 2018, there were 11,782 traffic accidents occurred nationwide, including 6,086 traffic accidents from less serious to more and 5,696 traffic collisions, causing 5,366 deaths, 3,249 injuries and 5,951 slight injuries. Compared to the same period last year, the number of traffic accidents in 8 months of this year dropped 7.8% (the number of traffic accidents from less serious to more decreased by 3.3%; the number of traffic collisions dropped 12.1%); the number of deaths fell by 1%; the number of injuries increased by 3% and the number of slight injuries declined by 19.4%. On average, there were 49 traffic accidents occurred a day in 8 months nationwide, including 25 traffic accidents from less serious to more and 24 traffic collisions, causing 22 deaths, 13 injuries and 25 slight injuries.

         d) Damages caused by natural disasters

Damage caused by natural disasters in August 2018 was mainly due to the effects of storms, rains, floods, flash floods, inundation and landslides. Natural disasters caused 35 deaths and missing, of which Lai Chau province suffered the highest number of casualties with 12 deaths and missing; 14 injuries; 139 houses collapsed, 10.9 thousand hit by landslides and roof ripped-off and inundation; more than 20,000 hectares of rice and arable crops were damaged. According to preliminary reports, the total value of damage caused by natural disasters in the month was estimated at over 1.3 trillion VND. Particularly, damage caused by typhoon No. 4 in the North and Northern Central Provinces left 13 deaths and missing; 40 houses collapsed, 6.5 thousand houses were inundated and 797 houses were urgently evacuated; more than 400 cattle and 30.5 thousand poultry killed and swept away; nearly 1.5 thousand hectares of aquaculture were damaged. Generally, for 8 months, natural disasters caused 150 deaths and missing, 107 injuries; nearly 1.2 thousand houses collapsed and swept away; 44.5 thousand houses were inundated, hit by landslides, damaged and roof ripped-off; 161 thousand hectares of crops were damaged. The total value of damage was estimated at over 7 trillion VND.

         e) Environment protection, fire and explosion prevention

In August, 788 cases of violating regulations of environment protection were found, of which 684 cases were addressed with total fine of 18.5 billion VND. Generally, for 8 months 9,718 cases of violating regulations of environment protection were found nationwide, of which 9,074 cases were addressed with total fine of 135.4 billion VND.

In August 2018, there were 278 cases of fire and explosion across the country, causing 7 deaths and 15 injuries, with an estimated damage of nearly 28 billion VND. Generally, for 8 months, there were 2,738 cases of fire and explosion across the country, causing 77 deaths and 201 injuries, with an estimated damage of 1,442 billion VND./.

GENERAL STATISTICS OFFICE


[1] Some localities sharply reduced summer paddy area: Ninh Thuan reduced by 2.6 thousand hectares; Ha Tinh decreased by 1.8 thousand hectares; Binh Thuan decreased by 1.3 thousand hectares; Nghe An decreased by 0.7 thousand hectares.

[2] Pig living weight price in the North was from 52,000 VND/kg – 55,000 VND/kg.

[3] August 2018, the mining and quarrying fell by 7.7% against the same period of last year; the manufacturing; the production and distribution of electricity and water supply, waste and sewerage treatment possessed a corresponding rise of 11.6%; 8.7% and 6.7%.

[4] Mainly because the large-scale Nghi Son Refinery and Petrochemical LLC started running in June in 2018 and Binh Son refining and Petrochemical Co.Ltd in June and July 2017 temporarily ceased producing in order to regularly maintain machinery and equipment thus the IIP of the extraction of refined petroleum products in June and July had a sharply corresponding rise of 510.3% and 522.1% in comparison with the same period of last year.

[5] Source: National business registration information system, Business Registration Management Agency, Ministry of Planning and Investment.

[6] Compared to the same period last year, the number of enterprises decreased by 6%; the registered capital decreased by 18.1%.

[7] In 8 months of 2017, the number of newly registered enterprises increased by 16.3% over the same period last year; the registered capital increased by 44.8%; The average registered capital of an enterprise increased by 24.5%.

[8] The number of enterprises temporarily ceased without registration or awaited dissolution grew up, because of this time, the business registration offices in the whole country had been reviewing and standardizing data and eliminating enterprises still inactive for a long time.

[9] Compared to the newly adjusted capital plan (down from 41.5 trillion VND to 29 trillion VND).

[10] Estimated trade surplus in July was 300 million USD.

[11] Of which: trade surplus to the United States in 8 months reached 21.5 billion USD, up 1.6% over the same period last year; trade surplus to the EU gained 18.8 billion USD, up 10.7%; trade deficit from Korea attained 19 billion USD, down 9.6%; trade deficit from China reached 18 billion USD, down 0.1%; trade deficit from ASEAN was 4 billion USD, down 2.7%.

[12] As pork prices increased by 3.41% over the previous month, prices of  processed products from pig meat also went up; vegetable prices expanded 2.87% due to the impact of storms and flash floods.

[13] Mainly due to the impact of two adjustments in petrol and oil prices as of 7th August, 2018 and 22nd August, 2018, making the petrol price index increase by 0.2 % over the previous month.