1. Agriculture, forestry and fishery

      a) Agriculture

In February, localities focused on speeding up the cultivation of paddy and vegetables in the winter-spring crop in 2018. As of middle of February, the country cultivated 2,616.2 thousand hectares of winter-spring paddy,  an equal to 99.2% compared with the same period last year, of which Northern provinces reached 663.8 thousand hectares, an equal to 95.5%; Southern provinces reached 1,952.4 thousand hectares, equaled to 100.5%, particularly Mekong River Delta reached 1,562 thousand hectares, equaled to 99.9%.

In Northern provinces, the progress of cultivated winter-spring paddy was low due to the impact of the cold and severe cold occurred at the end of January, early February, and the Lunar New Year was in February, 2 weeks later than in 2017 so progress of land preparation and planting of some spring crops was slower compared with the same period last year. Some localities had slow progress of cultivation for winter-spring paddy: Hai Phong reached 10.5 thousand hectares, equaled to 30% compared with the same period last year; Hanoi reached 8.7 thousand hectares, an equal to 23.7%; Ha Nam reached 3.8 thousand hectares, an equaled to 37.7%. Currently, winter-spring paddy grew well. Some localities appeared scattered pests and diseases on paddy such as two-sided stem borer, small leaf roll worms but due to early detection and timely prevention, it did not cause effects to paddy growth.

Southern provinces basically completed cultivation of winter-spring paddy. Currently, paddy was growing well, main paddy crops was in tillering stage, of which there was 323.8 thousand hectares of early winter-spring paddy in the diked area for harvesting, fell 22.9% compared with the same period in 2017 due to the early rain affected to the time of sowing.

The progress of planting winter-spring vegetables and annual crops was generally slower compared with the same period last year due to the effects of rainy weather in the beginning of the winter crop, cold weather, severe cold in early spring and some crops had low economic efficiency while high input costs affected the investment in intensive farming and expansion of cultivated areas. As of mid-February, localities in the country planted 214.3 thousand hectares of maize, equaled to 85.7% compared with the same period last year; 48 thousand hectares of sweet potatoes, an equal to 95%; 11.1 thousand hectares of soybean, an equal to 55.2%; 69.4 thousand hectares of groundnut, equaled to 105.5%; 420.1 thousand hectares of vegetables, equaled to 104.7%.

Buffaloes and cattle’s husbandry in the month generally witnessed stability; poultry farming was good, ensured the supply to meet consumption demands during the Lunar New Year. Particularly pig farming, although price of living weight in the month increased slightly, it still did not guaranteed for farmers to make profit so the population size continued to decrease. Estimated in February, buffalo population in the country decreased by 0.2% compared with the same period last year; cattle’s increased by 2.3%; poultry population increased by 6.9%; pig population decreased by 5.7%. As of February 27, 2018, there were no blue-ear pig epidemics and epidemics occurred in 21 provinces of the country but epidemics occurred in some localities such as: avian influenza in Hai Phong; foot and mouth epidemic in Son La.

        b) Forestry

In February, area of concentrated forests in the country was estimated at 3.9 thousand hectares, an increase of 1.7% compared with the same period last year; number of scattered trees reached 10.2 million trees, grew up 2%; wood production reached 450 thousand m3, grew up 3.4%; firewood production reached 1.3 million ste, reduced by 0.8%. In general, for the first 2 months of the year, area of concentrated forests was estimated at 6.8 thousand hectares, rose by 3.2% compared with the same period last year; number of scattered trees reached 10.9 million, an increase of 1.9%; wood production reached 1,075 thousand m3, rose by 5.2%; firewood production reached 2.8 million ste, fell 0.7%.

Area of damaged forest in February was 32.7 hectares, of which forest fire area was 12.8 hectares; deforested area was 19.9 hectares. Generally for the first 2 months this year, the country had 60.5 hectares of forest damaged, fell 49.5% compared with the same period last year, of which forest fire area was 17.1 hectares, fell 75.2% ; area of ​​deforested forest was 43.4 hectares, fell 14.5%.

         c) Fishery

Fishery production in February was estimated at 523 thousand tons, increased by 2.2% compared with the same period last year, of which fish reached 398 thousand tons, rose by 2.2%; shrimp reached 42.2 thousand tons, rose by 5.8%, other fisheries reached 82.8 thousand tons, rose by 1%.

Aquaculture production in the month was estimated at 276.3 thousand tons, rose by 5.2% compared with the same period last year, of which fish reached 213.1 thousand tons, rose by 5.1%; shrimp reached 30.8 thousand tons, rose by 8.8%. Pangasius farming continued to be favorable, the price of pangasius was high and stable, producers made profit. Production of pangasius in February was estimated at 91.5 thousand tons, grew up 5% compared with the same period last year, of which: Dong Thap reached 31.6 thousand tons, rose by 5%; An Giang reached 24.6 thousand tons, rose by 4%; Can Tho reached 10.1 thousand tons, rose by 72%. Production of brackish shrimp in February was estimated at 27.1 thousand tons, rose by 7.1% compared with the same period last year, of which production of tiger shrimp reached 11.9 thousand tons, rose by 3.5%; production of white leg shrimp reached 15.2 thousand tons, rose by 10.1%.

Production of fishery catching in February was estimated at 246.7 thousand tons, fell 0.8% compared with the same period last year, of which fish reached 184.9 thousand tons, fell 1%; shrimp reached 11.4 thousand tons, fell 1.7%. Particularly, production of marine catching fisheries reached 231.7 thousand tons, fell 1%, of which fish reached 174.3 thousand tons, decreased by 1.2%; shrimp reached 10.3 thousand tons, decreased by 1.9%.

In Generally, for the first 2 months of 2018, fishery production was estimated at 1,048.7 thousand tons, grew up 3.2% compared with the same period last year, of which aquaculture production reached 550.6 thousand tons, increased by 4, 7%; production fishery catching reached 498.1 thousand tons, grew up 1.5% (production of marine catching reached 474.7 thousand tons, grew up 2.3%).

  1. Industrial production

In February, the index of industrial production (IIP) was estimated to decrease by 17.1% over the previous month and increase 8% year on year, mainly due to February this year coinciding with the Lunar New Year holiday therefore the number of working days less than other months. Compared with the same period of the previous year, manufacturing increased by 10.7%; the production and distribution of electricity rose by 3%; the water supply, waste management and treatment went up 1%; the mining and quarrying decreased by 1.8%.

In the first 02 months of 2018, IIP rose by 15.2% year-on-year, which was much higher than the growth rate of 2.4% in the same period in 2017[1]. of which the manufacturing increased by 17.7%, contributed 13.2 percentage points into general growth; the production and distribution of electricity rose by 11.2%, contributed  1 percentage point; the mining and quarrying increased by 5.7%[2], contributed 0.9 percentage points; the water supply, waste management and treatment went up by 4.3%, contributed 0.1 percentage points.

In the 2-digit industrial activities, Some industrial activities gained a sharp rise year-on-year in the first 2 months compared to the same period last year: The manufacture of electronic, computer and optical products increased by 38.3% (the same period in 2017 increased by 2.4%), mainly due to the contribution of Samsung Display Vietnam Co., Ltd. with a turnover of the first 2 months was estimated at 49.3 trillion dong, 2.2 times higher than the same period last year; metal ore mining increased by 25.3% (down 9% in the same period in 2017); the manufacture of metal increased by 21.1%, including the contribution of Formosa Corporation which recently run large-scale production in the first 2 months of the year reached 475.5 thousand tons of steel, 11.8 times higher than the same period last year; production of beds, wardrobes, tables and chairs increased by 20.2% (the same period in 2017 increased by 2.6%); drainage and wastewater treatment increased by 20.1%. Some industrial activities recorded a low increase or even decrease: Crude oil and natural gas exploitation increased by 5% (crude oil exploitation decreased by 4.9%; and natural gas exploitation increased by 16.8%); water exploitation, treatment and supply increased by 4.5%; tobacco product production went up 2.9%; waste collection, treatment and disposal went up 0.5%; mining support service activities reduced by 1.5%.

Some main industrial products in the first 2 months of the year witnessed a high increase than those in the same time point of last year: TV increased by 73.9%; crude iron and steel increased by 40.5%; powdered milk increased by 23.7%; liquefied petroleum gas (LPG) increased by 21.2%; fabric made of artificial fibers increased by 20.7%; cement rose by 19%; natural gas (in the form of air) went up16.8%; aquatic feed increased by 16%; mobile phones went up 14.6%. Some products recorded a slight increase or even decrease: Cigarettes rose by 2.9%; monosodium glutamate (MSG) increased by 1.7%; leather shoes, sandals, boots rose by 1.4%; animal feed declined by 1.1%; shampoo, hair conditioner decreased by 2%; extracted crude oil dropped 4.9%; urea fertilizer decreased by 7.9%.

In the first 2 months of 2018, the IIP of 63 provinces and cities directly under the Central Government witnessed a year-on-year increase, of which IIP of some localities with large industrial scale were as follows: Bac Ninh increased by 45.1%; Hai Phong increased by 20.6%; Quang Nam increased by 16.9%; Vinh Phuc increased by 14.1%; Hai Duong increased by 13.9%; Da Nang increased by 12.4%; Quang Ninh increased by 10.3%; Hanoi increased by 10%; Thai Nguyen and Ba Ria – Vung Tau both increased 9.1%; Dong Nai increased by 8%; Ho Chi Minh City increased by 6.2%; Binh Duong and Can Tho both increased 5.6%; particularly Ha Tinh increased by 164.4% due to the contribution of Formosa Group.

Employees working in industrial enterprises at the time of 1st February 2018 increased by  3.6% compared to the corresponding period of the preceding year, of which employees in the state-owned enterprises fell by 1.3%; non-state enterprises increased by 4%; enterprises with foreign direct investment increased by 4.3%. At this time, employees working in mining enterprises decreased by 3.2% compared to the same period last year; manufacturing increased by 4%; production and distribution of electricity fell by 0.6%; water supply, waste management and treatment went down 0.4%.

Employees in industrial enterprises at the time of 1st February 2018 compared with the same period last year of some provinces with large industrial scale were as follows: Can Tho increased by 33.8%; Thai Nguyen increased by 17.3%; Bac Ninh increased by 15.1%; Vinh Phuc increased by 8.3%; Hai Phong increased by 5.6%; Hai Duong and Quang Nam together increased 3.2%; Binh Duong increased by 3.1%; Hanoi increased by 2.2%; Quang Ninh increased by 1.4%; Dong Nai increased by 1.3%; Da Nang increased by 1%; Ho Chi Minh City increased by 0.2%; Ba Ria – Vung Tau decreased by 0.2%.

  1. Enterprises registration situation[3]

In February, there were 7,864 newly established enterprises with a registered capital of 99.1 trillion VND, rising by 27.4% in the number of enterprises and an increase of 0.8% in the registered capital compared to the previous month[4]; the average registered capital of an enterprise reached 12.6 billion VND, rising by 38.9%; The total number of registered employees in the month of newly established enterprises was 71.1 thousand persons, a reduction of 16.6%.

In the month, there were 2,319 re-operation enterprises, a rise of 49.4% over the previous month; 4,232  temporarily ceased enterprises (including: 2,677 enterprises ceased for a certain period of time and 1,555 enterprises temporarily ceased without registration or awaited dissolution), fell 68.2%; 975 enterprises completed dissolution procedures, declining 37.3%.

Generally for the first 2 months of this year, there were 18,703 newly registered enterprises with a total registered capital of 197.3 trillion VND, an increase of 29.4% in number of enterprises and 29.3% in the capital registration compared to the same period in 2017; The average registered capital of a newly established enterprise reached 10.5 billion VND, a reduction of 0.1%[5]. If including 337.3 trillion VND of more than 5.9 thousand enterprises that recorded an upward adjustment of the capital, the total additional registered capital in the economy in the first 2 months of 2018 was 534.6 trillion VND. Besides, there were 6,878 re-operated enterprises, a drop of 13.8% compared to the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in the first 2 months of the year up to 25.6 thousand enterprises. The total number of registered employees of newly established enterprises in the first 2 months of 2018 was 156.4 thousand persons, a downturn of 6.1% compared to the same period last year.

By the main business activities, in the first 2 months of 2018, there were 6.4 thousand newly established enterprises in the wholesale and retail (accounting for 34.5% of the total newly established enterprises), going up by 31.9% compared to the same period last year; 2.4 thousand construction enterprises (making up 12.9%), an upturn of 25%; 2.3 thousand manufacturing enterprises (sharing 12.2%), rising by 16%; 1.4 thousand enterprises in the  science, technology, consultation service, designing, advertisement and others (forming 7.7%), climbing by 22%; 1.1 thousand enterprises in the employment services, travel, renting and leasing of machinery, equipment and other support services (accounting for 5.8%), a growth of 47.8%; 1 thousand enterprises in the accommodation and catering services (making up 5.6%), going up by 48.6%; 841 real estate enterprises (accounting for 4.5%), jumping up 67.5%; 508 education and training enterprises (sharing 2.7%), an increase of 52.1% …

In the first 2 months of this year, the number of newly established enterprises in all regions in the whole country increased compared to the same period last year. In which: The Southeast had 8.1 thousand enterprises, rose by 33% (the registered capital was 94.4 trillion VND, up 30.7%); Red River Delta gained 5.4 thousand enterprises, went up 26.1% (the registered capital of 54.5 trillion VND, grew up 43%); North Central and Central Coastal areas were 2.5 thousand enterprises, increased by 32.9% (the registered capital of 23.8 trillion VND, up 10.9%); Mekong River Delta was 1.4 thousand enterprises, increased by 17.2% (the registered capital of 12.8 trillion VND, expanded 62.9%); Northern Midlands and Mountains areas were 810 enterprises, jumped up 31.5% (registered capital of 9.2 trillion, went up 4.8%); Central Highlands was 464 enterprises, grow 27.8% (the registered capital of 2.6 trillion VND, fell 36.1%).

The number of temporarily ceased enterprises in the first 2 months of this year was 17,132 enterprises; a growth of 4.5% compared to the same period last year, including 11,191 enterprises ceased for a certain period of time, going up by 29% and 5.941 enterprises temporarily ceased without registration or awaited dissolution, declining by 23.1%. The total number of enterprises ceased for a certain period of time, there were 5,046 one-member limited liability companies (accounting for 45.1%); 3,336 two-member limited liability companies (making up 29.8%); 1,846 joint stock companies (sharing 16.5%); 962 private enterprises (8.6%) and 1 partnership company. By economic activities, the number of enterprises ceased for a certain period of time in the wholesale and retail was 4.3 thousand enterprises (accounting for 38.5%), a rise of 28% over the same period last year; 1.7 thousand construction enterprises (accounting for 15.5%), rising by 24.9%; 1.4 thousand manufacturing enterprises (sharing 12.8%), an upturn of 23.3%; 553 enterprises in the accommodation and catering services (accounting for 4.9%), a rise of 45.1% … For enterprises temporarily ceased without registration or awaited dissolution, there were 3,071 one-member limited liability companies (making up 51.7%); 1,537 two-member limited liability companies (accounting for 25.9%); 967 joint stock companies (accounting for 16.3%) and 366 private enterprises (forming 6.1%).

The number of enterprises that completed dissolution procedures in the first 2 months of 2018 was 2,529 enterprises, increasing by 0.2% compared to the same period last year, of which there were 2,320 enterprises with capital size of less than 10 billion VND, accounting for 91.7%. By types of enterprise, the total number of enterprises completed dissolution procedures, there were 1,160 one-member limited liability companies (accounting for 45.9%); 701 two-member limited liability companies (sharing 27.7%); 347 private enterprises (accounting for 13.7%); 320 joint stock companies (making up 12.7%) and 1 partnership company.

  1. Investment

Investment activities in the month mainly focused on implementing projects which were delivered from the previous year and implemented the plan of 2018. The realized investment from the State budget in February was estimated to reach 12,582 billion VND, including: the central capital 2,489 billion VND; local capital 10,093 billion VND. Generally for the first 2 months of the year, the realized investment from the State budget reached 29,076 billion VND, equaling 8.6% of the yearly plan and increasing by 6% compared to the same period of 2017, including:

– The capital under central management achieved 5,632 billion VND, equaling 8.5% of the yearly plan and increasing by 0.5% compared to the same period last year, of which the investment of the Ministry of Transportation was 2,008 billion VND, making up 10.9% and decreasing by 22.4%; Ministry of Agriculture and Rural Development 582 billion VND, equaling 7.2% and rising by 16.1%; Ministry of Health 362 billion VND, equaling 11% and down 9.3%; Ministry of Natural Resources and Environment 109 billion VND, equaling 7.3% and increasing by 55.1%; Ministry of Education and Training 104 billion VND, equaling 7.7% and going up 29.7%; Ministry of Culture, Sports and Tourism 75 billion VND, sharing 10.1% and up 17.3%; Ministry of Construction 28 billion VND, equaling 10.4% and declining 32.4%; Ministry of Industry and Trade 19 billion VND, equaling 8.5% and decreasing by 17.2%; Ministry of Science and Technology 16 billion, equaling 6.5% and rising by 47.7% ; Ministry of Information and Communications 11 billion VND, equaling 7.9% and going up 22.1%.

– The capital under local management reached 23,444 billion VND, equaling 8.6% of the yearly plan and climbing up 7.4% compared to the same period of 2017. Of which, the state budget capital at provincial level reached 16,155 billion VND, equaling 8% and increasing by 9.4%; the state budget capital at district level gained 6,033 billion VND, equaling 10.1% and rising by 3.6%; the state budget capital at commune level reached 1,256 billion VND, equaling 12.7% and up 2.4%. The realized investment from the State budget of some provinces and cities directly under the Central Government was as follows: Hanoi recorded 3,493 billion VND, equaling 9.2% of the yearly plan and up 4.8% over the same period. last year; Ho Chi Minh City 1,064 billion VND, equaling 2.6% and up 5.8%; Nghe An 915 billion VND, equaling 15.6% and up 2%; Vinh Phuc 850 billion VND, equaling 14.3% and up 1.1%; Ba Ria – Vung Tau 802 billion VND, equaling 12.3% and up 2.6%; Thanh Hoa 781 billion VND, equaling 12.4% and rising by 21.7%; Hai Phong 751 billion VND, equaling 8.2% and up 68.6%.

Foreign direct investment from the beginning of the year to the 20th February, 2018 attracted 411 newly licensed projects with a registered capital of 1,391.2 million USD, an increase of 31.3% in the number of projects and a decrease of 31.4% of registered capital compared to the same period in 2017. Besides, 133 projects which were licensed in the previous years registered to adjust investment capital with additional capital of 700.3 million USD, reducing 7.8% compared to the same period last year. Thus, the total newly registered and additional registered capital in 2 months gained 2,091.5 million USD, a reduction of 25% compared to the same period of 2017. Foreign direct investment capital for 2 months was estimated to reach 1, 7 billion USD, increasing by 9.7% compared to the same period in 2017. In 2 months of 2018, 873 turns of capital contribution, buying shares of foreign investors with a total capital contribution of 1.253.4 million USD, increased by 102.5% compared to the same period in 2017, of which 471 turns of capital contribution and share purchases increased the charter capital of enterprises with the value of contributed capital of 858.9 million USD and 402 turns of foreign investors repurchased domestic shares without increasing charter capital with a value of 394.5 million USD.

In 2 months, the manufacturing activity attracted the most foreign direct investment with the registered capital of newly licensed projects reaching 817.4 million USD, accounting for 58.8% of the total newly registered capital; the electricity, gas, steam and air conditioning supply reached 253.8 million USD, accounting for 18.2%; the other sectors reached 320 million USD, accounting for 23%. If including additionally registered capital of projects licensed from previous years, foreign direct investment in manufacturing activity in the first two months of this year gained 1,488.5 million USD, accounting for 71.2% of total registered capital; the electricity, gas, hot water, steam and air conditioning supply reached 253.8 million USD, accounting for 12.1%; the other sectors reached 349.2 million USD, accounting for 16.7%. For the capital contribution, share purchases of foreign investors, investment in manufacturing industry reached 337.6 million USD, accounting for 26.9% of the total value of capital contribution; construction industry reached 325.9 million USD, accounting for 26%; the other sectors reached 589.9 million USD, accounting for 47.1%.

In the whole country, 27 provinces and cities directly under the Central Government had newly licensed foreign direct investment projects in the first 2 months of the year, in which Ninh Thuan had the biggest registered capital with 253.9 million USD, accounting for 18.2% of total newly registered capital; followed by Binh Duong with 224.7 million USD, accounting for 16.2%; Ho Chi Minh City 166.5 million USD, accounting for 12%; Ha Nam with 104.3 million USD, accounting for 7.5%; Nam Dinh with 89.2 million USD, accounting for 6.4%; Bac Ninh with 88.9 million USD, accounting for 6.4%; Dong Nai with 87.7 million USD, accounting for 6.3%.

Among 36 countries and territories with newly licensed investment projects in Vietnam in the first two months of this year, Singapore ranked the first with 353.5 million USD, accounting for 25.4% of total newly registered capital; followed by South Korea 243.6 million USD, accounting for 17.5%; Japan 139 million USD, accounting for 10%; Netherlands 136.6 million USD, accounting for 9.8%; United States 88.1 million USD, accounting for 6.3%; British Virgin Islands 84.8 million USD, accounting for 6.1%; Norway 70.1 million USD, accounting for 5%.

  1. Trade, price, transport and tourism

      a. Retail sales of goods and services

February was the time of the Lunar New Year so the domestic market was vibrant. Businesses, commercial centers, supermarkets and business establishments had actively prepared a plentiful, rich and diversified source of goods to meet rising consumption demand during the Lunar New Year of the people. Gross retail sales of goods and services consumed in February 2018 were estimated at 350.4 trillion VND, declining by 0.9% over the previous month and rising by 13.2% over the same period in 2017, in which: Retail sales of goods reached 266.9 trillion, up 0.7% and up 14.8%; revenue from accommodation and catering services reached 40.9 trillion VND, down 7.7% and up 7.5%; tourism revenue reached 3.5 trillion VND, down 12.6% and up 34.5%; revenue from other services reached 39.1 trillion VND, decreased by 2.4% and increased by 7%. In the first 2 months, gross retail sales of consumer goods and services were estimated at 704 trillion VND, an increase of 10.1% compared to the same period last year, if excluding the price factor, the growth rate was 8.7 % (the same period in 2017 increased by 5.1%).

By kinds of economic activity, retail sales of goods in the first 2 months were estimated at 532 trillion VND, accounting for 75.6% of the total and increasing by 10% over the same period last year, of which: Food and foodstuff increased by 11.8%; apparel expanded by 11.5%; household appliances, tools and equipments increased by 11.4%; cultural and educational items grew by 7.8%; vehicles increased by 4.3%. Some localities had a good increase: Quang Ninh by 16.8%; Lai Chau by 16.5%; Thai Nguyen by 16.1%; Lao Cai by 15.8%; Binh Dinh by 14.9%; Ha Noi by 10.3%; Ho Chi Minh City by 9.7%.

Revenue from accommodation and catering services in the first 2 months was estimated at 85.3 trillion VND, accounting for 12.1% of the total and increasing by 10.2% over the same period last year, of which turnover of Khanh Hoa increased by 15.1%; Ha Nam expanded by 13.8%; Binh Thuan rose by 13%; Ba Ria – Vung Tau grew by 11.8%; Ninh Binh went up by 11.1%; Ha Noi soared by 8.1%; Ho Chi Minh City increased by 5.5%.

Revenue from travelling services in 2 months was estimated at 7.5 trillion VND, accounting for 1.1% of the total and increasing by 38.4% over the same period last year, of which Ho Chi Minh City increased by 45 7%; Ha Noi rose by 29%; Binh Dinh expanded by 26.9%; Hai Phong grew by 21.8%.

Revenue from other services in 2 months was estimated at 79.2 thousand billion VND, accounting for 11.2% of the total and increasing by 8.5% over the same period in 2017. Some localities gained a good increase in revenue: Kien Giang by 10.8%; Ha Noi by 10%; Dong Nai by 9.2%; and Ho Chi Minh City by 8.1%.

       b. Export and import of goods

Export turnover of goods in January 2018 reached 20,220 million USD, 1,220 million USD higher than the estimated figures, of which: textile and garment products were 191 million USD higher; machinery, instrument and accessory were 173 million USD higher; electronic goods, computers and their parts were 168 million USD higher; means of transport and spare parts were 141 million USD higher; footwear was 117 million USD higher; iron and steel were 84 million USD higher; fishery products were 70 million USD higher; vegetables were 64 million USD higher; coffee was 52 million USD higher; wood and wooden products were 44 million USD higher; plastic products were  37 million USD higher; cashew nuts were 31 million USD higher; rubber was 30 million USD higher; rice was 25 million USD higher than estimated.

Export turnover in February 2018 was estimated at 13.40 billion USD, went down by 33.7% over the previous month[6], of which: the domestic economic sector gained 3.76 billion USD, reduced by 36.3%; FDI sector (including crude oil) reached 9.64 billion USD, edged down by 32.7%. Most of the main export products saw a significant decrease in turnover over the previous month: Rice fell by 27.3%; textiles and means of transport and spare parts decreased by 27.7%; phones and their parts fell by 31.4%; electronic goods, computers and their parts declined by 32.4%; fishery products dropped 37.3%; petroleum shrank 46.3%; cashew nuts decreased by 51.4%; tea reduced by 51.8%; rubber fell by 66.2%. Compared to the same period last year, export turnover in February this year increased by 2.5%, of which: the domestic economic sector increased by 5.2%, the FDI sector (including crude oil) grew by 1.4%. Some products had increased export turnover over the same period last year: Textile and garment products increased by 31.3%; phones and their parts rose by 14.6%; wood and wooden products edged up by 8.1%. Besides that, some products had decreased turnover such as electronic goods, computer and their parts went down by 7.7%; rubber reduced by 65%.

In the first 2 months of the year, export turnover was estimated at 33.62 billion USD, went up by 22.9% over the same period in 2017, of which: the domestic economic sector was 9.66 billion USD, edged up by 25.7%; FDI sector (including crude oil) reached 23.96 billion USD, grew by 21.8%. Export turnover of some main products increased over the same period last year: Phones and their parts reached 6.6 billion USD, rose by 41.7%; textiles and garments gained 4.3 billion USD, increased by 22.3%; electronic goods, computers and their parts attained 4 billion USD, went up by 19.2%; footwear gained 2.3 billion USD, climbed up by 11.9%; machinery, instrument and accessory reached 2.1 billion USD, grew by 19.5%; means of transport and spare parts achieved 1.3 billion USD, rose by 19.7%; wood and wooden products reached 1.3 billion USD, jumped up by 20.1%; fishery products reached 1.1 billion USD, increased by 20.4%; vegetables and fruits gained 604 million USD, soared by 43.4%[7]; cashew nuts attained 471 million USD, surged up by 65.3% (volume increased by 47%); rice reached 413 million USD, jumped up by 32.1% (an increase of 14.6% in volume). Some products had decreased export turnover compared to the same period last year: Crude oil reached 395 million USD, went down by 12.9% (volume decreased by 27%); pepper gained 117 million USD, decreased by 23% (volume increased by 36.9%).

Regarding the exported goods market in the first 2 months, China continued to be Vietnam’s largest export market with an export turnover of 6.2 billion USD, soared by 64.8% over the same period last year; The United States was the second largest export market with a turnover of 6 billion USD, grew by 14%; the following was EU with 5.8 billion USD, edged up by 15%; ASEAN reached 3.5 billion USD, increased by 11.2%; Japan achieved 2.6 billion USD, climbed up by 11.1%; South Korea gained 2.6 billion USD, jumped up by 36.4%.

The turnover of imported goods in January 2018 reached 20,040 million USD, 740 million USD higher than the estimated figures, of which: petroleum was 240 million USD higher; machinery, instrument and accessory were 116 million USD higher; high quality plastic products were 69 million USD higher; wheat was 48 million USD higher; fabric was 45 million USD higher; medicine was 35 million USD higher; metals were 30 million USD higher; materials for textile, garment and footwear and vegetables were 27 million USD higher; fishery products were 23 million USD higher; plastic products were 22 million USD higher; liquefied gas was 20 million USD higher; chemicals were 17 million higher than estimated.

Import turnover in February was estimated at 12.50 billion USD, went down by 37.6% over the previous month, of which: the domestic economic sector reached 5.00 billion USD, edged down by 40%; FDI sector gained 7.50 billion USD, fell by 35.9%. Import turnover of almost all products decreased compared to the previous month: Electronic goods, computers and their parts decreased by 29.7%; iron and steel reduced by 31%; machinery, instrument and accessory decreased by 31.4%; fabric fell by 33%; plastic dropped 44.5%; phones and their parts decreased by 52.5%. Compared to the same period last year, import turnover in February decreased by 17.4%, of which: the domestic economic sector decreased by 16.8%; FDI sector dropped 17.8%. Import turnover of some products fell sharply such as: machinery, instrument and accessory decreased by 16.5%; phones and their parts decreased by 21.7%; iron and steel reduced by 32.1%.

Generally for 2 months, import turnover was estimated at 32.54 billion USD, climbed up by 15.3% over the same period last year, of which: the domestic economic sector was 13.34 billion USD, jumped up by 16, 4%; FDI sector gained 19.20 billion USD, edged up by 14.5%. Import turnover of some products increased over the same period last year: Electronic goods, computers and their parts reached 6.3 billion USD, increased by 32.1%; machinery, instrument and accessory reached 4.9 billion USD, edged up by 6.2%; phones and their parts attained 2.3 billion USD, went up by 29.9%; fabric achieved 1.7 billion USD, rose by 29.3%; petroleum reached 1.4 billion USD, soared by 50.8%; plastics gained 1.2 billion USD, jumped up by 14.1%.

Regarding the imported market in the first 2 months, China was still the largest import market of Vietnam with a turnover of 9.4 billion USD, went up by 24.4% compared to the same period in 2017. The following was South Korea with a turnover of 7 billion USD, growing by 18.7%; ASEAN reached 4.4 billion USD, rose by 13.2%; Japan attained 2.5 billion USD, climbed up by 5.7%; EU achieved 1.8 billion USD, edged up by 5.7%; United States gained 1.4 billion USD, went down by 5.5%.

The trade balance of goods in January witnessed a trade surplus of 180 million USD[8]. Trade surplus in February was estimated at 900 million USD. In the first 2 months of the year, trade surplus was 1.08 billion USD [9], of which: the domestic economic sector saw a trade deficit of 3.68 billion USD; FDI sector (including crude oil) witnessed a trade surplus of 4.76 billion USD.

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

Consumer price index (CPI) in February 2018 increased 0.73% compared to the previous month, of which the group of food and catering services increased the highest with 1.53% (food increased by 1.44%; foodstuff rose by 1.71%), mainly due to an increase in consumption of people during the Lunar New Year and demand for rice for export contracts. Transportation group increased by 0.79% due to the impact of gasoline price increase in the previous month that made average price in February increase by 1.15% (caused the overall CPI to increase by 0.05%) and the price of public transport services increased 3.34%. Beverage and tobacco rose by 0.75%, of which alcohol and beer price expanded by 1.1%; cigarette increased 0.51%; non-alcoholic drinks grew by 0.41%. Culture, entertainment and tourism groups expanded by 0.72%; household equipment and appliances by 0.27%; apparel, hats and footwear by 0.2%; medicine and medical services by 0.07%; education increased by 0.02%; other goods and services went up by 0.74%. Particularly, housing and construction materials group decreased by 0.09%; post and telecommunication fell by 0.07%.

The average consumer price index in the first 2 months of 2018 increased by 2.90% compared to the average of the same period in 2017; CPI in February 2018 rose by 1.24% compared to December 2017 and increased by 3.15% compared to the same period last year.

Core inflation in February 2018 increased by 0.49% over the previous month and increased by 1.47% compared to the same period last year. The average core inflation in the first 2 months went up by 1.32% compared to the average of the same period in 2017.

Gold price index in February 2018 increased by 1.83% compared to the previous month; an increase of 3.55% compared to December 2017 and a rise of 6.05% compared to the same period in 2017. The US dollar price index in February 2018 declined by 0.01% compared to the previous month; decreased 0.05% compared to December 2017 and rose by 0.04% compared to the same period in 2017.

         d. Passenger and freight transport

In February, passenger carriage was estimated at 376.5 million passengers, up 2% over the previous month and 16.8 billion passengers-kilometers, increasing by 4.2%. Generally for the first 2 months, passenger carriage reached 745.8 million passengers, an increase of 9.9% over the same period last year and 32.9 billion passengers-kilometers, an increase of 10.9%, mainly due to high traveling demand of the people during Tet. Passenger carriage by roadways reached 703.8 million passengers, an increase of 10.1% and 22.9 billion passengers-kilometers, an increase of 10.7%; Inland waterways reached 31.3 million passengers, an increase of 5.5% and 0.6 billion passengers-kilometers, an increase of 6.3%; seaway reached 1.2 million passengers, up 7.3% and 71.1 million passengers.km, up 7.8%. Airways was quite good with 7.9 million passengers, up 12.6% and 8.6 billion passengers-kilometers, increasing by 13.9% due to the increase in domestic flights by domestic airlines during Tet holiday. Particularly, railway transport reached 1.5 million passengers, down 11.8% and 0.7 billion passengers.km, down 10.9% compared to the same period in 2017.

Cargo transport in February was estimated at 129.4 million tons, down 1% over the previous month and 23.8 billion tons-kilometers, down by 2.3%, mainly because since January 2018 transportation business units had focused on carrying a large amount of goods for the Lunar New Year. In the first 2 months, freight carriage reached 260 million tons, up 7.6% over the same period last year and 48.2 billion tons.km, up 5.3%, of which domestic transport reached 254.5 million tons, up 7.7% and 25.7 billion tons.km, up 8.2%; overseas transport reached 5.5 million tons, up 1.2% and 22.5 billion tons.km, up 2.2%. By types of transport, roads reached 201 million tons, up 8.1% over the same period last year and 13.3 billion tons-kilometers, up 8.9%; inland waterways reached 45.7 million tons, up 6.8% and 9.8 billion tons.km, up 6.4%; seaway reached 12.4 million tons, up 3.2% and 24.5 billion tons.km, up 2.9%; airway reached 61 thousand tons, up 6.1% and 160.7 million tons.km, up 4.2%; railways reached 0.8 million tons, up 0.7% and 0.5 billion tons.km, up 10.3%.

          e. Foreign visitors to Viet Nam

Foreign visitors to Viet Nam in February were estimated at 1,431.8 thousand, increasing by 0.1% over the previous month and 19.4% over the same period last year. In the first 2 months, international visitors to Viet Nam were estimated at 2,862.1 thousand, increasing by 29.7% compared to the same period last year, of which: passengers travelled by airway reached 2,296.9 thousand persons, up 26.3%; by road reached 472.6 thousand, increasing by 58.4%; by sea was 92.6 thousand persons, an increase of 3.5%.

In the first 2 months, visitors to Viet Nam from Asia were estimated at 2,123.2 thousand persons, an increase of 35.8% over the same period last year, of which visitors from all major markets increased: Visitors from China reached 901.8 thousand persons (accounting for over 30% of total international visitors to Vietnam), an increase of 38.5%; South Korea 619.7 thousand persons, up 70%; Japan 137.7 thousand persons, up 6.2%; Taiwan 111.5 thousand persons, up 7.4%; Malaysia 87 thousand persons, an increase of 22.6%; Thailand 58.4 thousand persons, an increase of 7.7%; Cambodia 45.7 thousand persons, an increase of 11.8%.

Visitors from Europe were estimated at 441.3 thousand, increasing by 16.7% compared to the same period last year, of which: Visitors from the Russian Federation reached 141.1 thousand, increasing by 19.5%; United Kingdom 57 thousand persons, an increase of 11.8%; France 53.7 thousand persons, a growth of 11.6%; Germany 43.8 thousand persons, up 9.8%; Sweden 19.5 thousand persons, an increase of 27.4%; Italy: 14.7 thousand persons, up 22.8%; Netherlands 13.5 thousand persons, up 7.5%.

Visitors from the Americas reached 199.4 thousand persons, an increase of 11.4% over the same period last year, of which visitors from the United States reached 147.8 thousand, an increase of 13%. Visitors from Oceania reached 90.3 thousand, increasing by 14.1% over the same period in 2017, of which visitors from Australia reached 82.3 thousand, increasing by 14.3%. Visitors from Africa reached 7.9 thousand persons, an increase of 22.4% compared to the same period in 2017.

  1. SOCIAL ISSUES

      a. Living standards and social security

Generally, for the first 2 months of 2018, the whole country witnessed 40.1 thousand households suffering from food shortage a year on year fall of 45%, corresponding to 149 thousand persons suffering from food shortage, declined by 50%. 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 4.3 thousand tons of rice.

Social security on the occasion of Mau Tuat Lunar New Year continued to be paid attention by authorities at all levels. According to the preliminary report, about 8.1 million gifts with total value of nearly 3.3 trillion VND was given to families of martyrs, families with national devotees and policy beneficiaries and 896 billion VND to support poor households to welcome the Lunar Tet.

        b. Epidemic diseases and food poisoning

In February, the whole country witnessed nearly 2 thousand cases of hand, foot and mouth disease; 5.1 thousand cases of hemorrhagic fever; 37 cases of typhoid; 33 viral encephalitis; 4 cases of meningococcal meningitis and 134 cases of food poisoning. Generally, for the first 2 months of 2018, the whole country witnessed over 3 thousand cases of hand, foot and mouth disease; 8 thousand cases of hemorrhagic fever; 40 cases of typhoid; 47 cases of viral encephalitis; 6 cases of meningococcal meningitis, and 279 cases of food poisoning.

As of 17 February 2018, the total number of alive HIV-infected persons over the country was 209.3 thousand persons and the number of cases turned to AIDS was 90.4 thousand persons; the number of persons died of HIV/AIDS nationwide was 95.6 thousand persons.

        c. Traffic accidents

In this month (from 16 January to 15 February), there were 1,583 traffic accidents occurred nationwide, including 786 traffic accidents from less serious to more and 797 traffic collisions, causing 726 deaths, 354 injuries and 815 slight injuries. Compared to the same period last year, the number of traffic accidents in February decreased by 10.2% (the number of traffic accidents from less serious to more decreased by 17% and the number of traffic collisions went down by 2.3%); the number of deaths declined by 12.1%; the number of injuries dropped 20.6% and the number of slight injuries decreased by 21.3%. Particularly, during 7 days of Mau Tuat Tet holiday there were 296 traffic accidents, including 218 traffic accidents from less serious to more and 78 traffic collisions, causing 195 deaths and 199 slight injuries. Traffic accidents during the Mau Tuat Lunar New Year of 2018 reduced compared to the previous Lunar New Year (in 7 days of Dinh Dau Lunar New Year holidays, there were 368  traffic accidents from less serious to more, causing 203 deaths and 417 injuries. On average 42 traffic accidents occurred a day in the Tet holiday, causing 28 deaths and 28 injuries.

Generally, for the first 2 months of 2018, there were 3,345 traffic accidents occurred nationwide, including 1,676 traffic accidents from less serious to more and 1,669 traffic collisions, causing 1,506 deaths, 780 injuries and 1,737 slight injuries. Compared to the same period last year, the number of traffic accidents in the first 2 months of 2018 decreased by 3.5% (traffic accidents from less serious to more decreased by 6.8%; the number of traffic collisions increased by 0.2%); the number of deaths decreased by 4.1%; the number of injuries rose by 28.1% and the number of slight injuries decreased by 15.3%. On average 54 traffic accidents occurred a day in the first 2 months 2018 nationwide, including 27 traffic accidents from less serious to more and 27 traffic collisions, causing 24 deaths, 13 injuries and 28 slight injuries.

         d. Damages caused by natural disasters, environment protection, fire and explosion prevention

Natural disasters in February mainly included bitterly cold, damaging cold and landslides occurred in some localities that damaged 478 hectares of paddy and young seedlings; killed more than 4 thousand cattle heads. Total value of loss caused by natural disasters in the month was 50.3 billion VND. Generally, for the first 2 months of 2018, natural disasters damaged 3.9 hectares of rice and arable crops, killed 4.4 thousand cattle heads. Total value of loss was over 65 billion VND.

In February 2018, 1,621 cases of violating regulations of environment protection were found, of which 1,404 cases were addressed with total fine of 11.8 billion VND. Generally, for the first 2 months, 2,486 cases of violating regulations of environment protection were found, of which 2,184 cases were addressed with total fine of 27.1 billion VND.

In this month, there were 376 cases of fire and explosion across the country, caused 10 deaths and 27 wounded, with an estimated damage of over 165 billion VND. Generally, for the first 2 months, there were 715 cases of fire and explosion across the country, causing 23 deaths and 59 injuries, with an estimated damage of over 342.4 billion VND.

GENERAL STATISTICS OFFICE


[1] In the first 02 months of 2017, the manufacturing, the production and distribution of electricity and the water supply, waste management and treatment went up by 5.3%, 8.6% and 4.6%, respectively, the mining and quarrying declined by 13.7% over the same period previous year.

[2] Mainly because natural gas increased by 16.8% compared to the same period last year; metal ore quarrying increased by 25.3%.

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

[4] Compared to the same period last year, the number of enterprises increased by 44%; the registered capital rose by 59.1%; the average registered capital of an enterprise went up 10.5%.

[5] In 2 months of 2017, the number of newly registered enterprises increased by 3.9% over the same period last year; the registered capital rose by 35%; the average registered capital of an enterprise increased by 29.9%.

[6] Due to this year’s Lunar New Year holiday was in February, most businesses focused on making export orders in January and the first half of February.

[7] In particular, export of fruits and vegetables to China is estimated at 466 million USD, up 50.5% over the same period last year; United States 18 million, up 19.4%; Japan 17 million USD, up 32.6%; Thailand 12 million USD, up 26.6%.

[8] Trade deficit in January was estimated at 300 million USD.

[9] Of which, trade deficit from Korea for the first 2 months was nearly 4.4 billion USD, grew by 10.1% compared to the same period last year; trade deficit from China was 3.2 billion USD, went down by 15.6%.