1. Agriculture, forestry and fishery

Production of agriculture, forestry, and fishery in May 2021 took place in favorable weather conditions. Agricultural production in the month focused mainly on caring for winter-spring paddy, preventing pests and diseases of plants in Northern provinces; tending, harvested paddy and vegetables in winter-spring crops, and sowing summer-autumn paddy in Southern localities. Forestry production continues to focus on planting new forests in the spring-summer crop, boosting exploitation in many provinces where the forest area has reached the age of exploitation with stable timber purchasing prices. Aquaculture production increased quite well due to the increased demand for input materials for seafood processing factories with increased prices compared to the same period last year, the weather of the fishing grounds was favorable for offshore fishing.

a) Agriculture

Winter-spring paddy this year, the country cultivated 3,007.5 thousand hectares, an equal to 99.4% compared with that of last year, of which Northern provinces reached 1,087.1 thousand hectares, an equal to 99%; Southern provinces reached 1,920.4 thousand hectares, equaling 99.7%. As of the middle of May, the southern provinces have harvested 1,865.9 thousand hectares of winter-spring rice, accounting for 97.2% of the sowing area and equaling 100.3% of the same period last year. The yield was estimated at 70.6 quintals/ha, an increase of 3.1 quintals/ha compare to last year’s winter-spring crop; output reached 13.55 million tons, increasing by 550.1 thousand tons. Particularly, the Mekong Delta region has ended the 2021 winter-spring rice crop with the harvested area of 1,506 thousand hectares, an equal to 99% of the previous year’s winter-spring crop; rice yield reached 72 quintals/ha, an increase of 3.7 quintals/ha; output reached 10.94 million tons, increasing by 365.5 thousand tons.

Along with harvesting winter-spring paddy, as of the Middle of May, localities in the South cultivated 875 thousand hectares of summer-autumn paddy, equaling 97.2% of the same period last year, of which the Mekong Delta region reached 803,3 thousand hectares, an equal to 99.7%.

As of mid-May, the country planted 451.8 thousand hectares of maize, equaling 99.3% of over the same period last year; 73.1 thousand hectares of sweet potatoes, equaling 95.4%; 121.1 thousand hectares of groundnut, equaling 96.3%; 16.3 thousand hectares of soybeans, equaling 87.2%; 649.9 thousand hectares of Vegetables and beans, equaling 101.3%.

Buffalo population in the month was estimated to decrease by 2.8% against the same period last year; cattle population increased by 2%. The pig population in May was estimated to increase by 11.8% over the same period last year; the poultry population grew by 6.4%.

As of May 24, 2021, the country was no longer recorded cases of blue ear disease in pigs and avian influenza. Some diseases remained in several localities for less than 21 days: foot and mouth disease remained in Bac Kan, Lang Son, Son La, Ha Tinh, Quang Tri, Quang Ngai, Kon Tum, Phu Yen; African swine fever was reported in 30 provinces and LSD reported in 27 provinces.

b) Forestry

In May 2021, the concentrated newly planted forest area of ​​the whole country was estimated at 26.5 thousand ha, up 2% over the same period last year. Generally, in the first 5 months of 2021, the concentrated newly planted forest area nationwide reached 88.5 thousand hectares, up 3.1% over the same period last year; the number of scattered planted trees reached 41.6 million trees, up 2.5%; the exploited wood output reached 5,943.4 thousand m3, up 5.4%; the exploited firewood production reached 8 million steres, down 0.1%.

Fire fighting, prevention, and forest protection continued to be strengthened. In May[1], the whole country had 107.9 hectares of damaged forest, down 29.1% over the same period last year, including the burnt forest area of ​​31.6 hectares, down 37.3%; the deforested forest area was 76.3 ha, down 25%. Generally, in the first 5 months of 2021, the damaged forest area was 592.7 ha, up 5.5% over the same period last year, including the burnt forest area was 165.7 ha, down 29.5%; the destroyed forest area was 427 ha, an increase of 30.7%.

c) Fishery

Fishery production in May was estimated at 782.8 thousand tons, up 4.2% over the same period last year, including aquaculture production reached 417 thousand tons, up 6.7%; catch fishery production was estimated at 365.8 thousand tons, up 1.5%. Generally, in the first 5 months of 2021, fishery production was estimated at 3,267.7 thousand tons, up 2.6% over the same period last year, of which catch fishing output reached 1,580.8 thousand tons, up 1.4% (sea fishing output reached 1,510.2 thousand tons, up 1.5%).

2. Industrial production

Industrial production in May 2021 was estimated to increase by 1.6% over the previous month and 11.6% over the same period last year[2] in the context of the complicated Covid-19 pandemic from the end of April and affecting directly some industrial zone in Bac Giang, Bac Ninh, however quickly zoned and controlled. Generally, for the first 5 months of 2021, the index of industrial production increased by 9.9% over the same period last year, of which the manufacturing industry increased by 12.6%.

The index of industrial production (IIP) in May 2021 was estimated to grow by 1.6% from the previous month and to rise by 11.6% from the same period last year, of which the mining industry both went down by 6.4% and by 9.8%; manufacturing increased by 2.6% and rose by 14.6%; electricity production and distribution went up by 2.2% and peaked up by 12%[3]; water supply, waste and wastewater management, and treatment all down by 3.1% and up by 6.8%.

Overall, for the first five months of 2021, the IIP was estimated to increase by 9.9% over the same period last year. Of which, the manufacturing rose by 12.6% (increased by 3.2% in the same period last year), contributing 10.2 percentage points to the general growth; electricity production and distribution went up by 8.3% (the same period last year up by 2.1%), contributed 0.7 percentage points; water supply, waste and wastewater management, and treatment peaked up by 7.5% (increased by 2.9% in the same period last year), contributing 0.1 percentage points; the mining industry alone shrank by 7% (decreased by 7.7% in the same period last year), down by 1.1 percentage points in the general growth rate.

3. Enterprise registration status[4]

Newly established enterprises in May 2021 increased by 8.1% in the number of enterprises and by 33.6% in the registered capital compared to the same period in 2020[5]. Generally, in the first five months of 2021[6], the total number of newly registered enterprises and re-operated enterprises was 78.3 thousand enterprises, rose by 11.9% compared to the same period in 2020; the average registered capital of an enterprise reached 14 billion VND, an increase of 20.9%

In May 2021, the whole country had 11.6 thousand newly established enterprises with registered capital were 150.6 trillion VND and a total number of registered employees of 72.2 thousand employees, a decrease of 22% in the number of enterprises, a decrease of 16.3% in the registered capital and a decrease of 23.7% in the number of employees compared to last month. Compared to the same period last year, the number of enterprises increased by 8.1%; the registered capital up 33.6%; the number of employees decreased by 21.1%. The average registered capital of an enterprise reached 13 billion VND, an increase of 7.3% compared to last month, and a growth of 23.6% compared to the same period last year. In the month, there were 4,892 re-operated enterprises in the whole country, a decrease of 14.8% ​​compared to the previous month and a decrease of 3.2% compared to the same period in 2020; 3,400 enterprises ceased for a certain time, a decrease of 26.1% and an increase of 1.7%; 4,234 enterprises temporarily ceased and awaited dissolution procedures, a decrease of 24.5% and rose 37.3%; 1,279 enterprises completed dissolution procedures, a decrease of 17% and an increase of 33%.

Generally, in the first 5 months of this year, the whole country had nearly 55.8 thousand newly registered enterprises with a total registered capital of 778.3 trillion VND and a total number of registered employees of 412.4 thousand employees, up 15.4% in the number of enterprises, an increase of 39.5% in number the registered capital and an increase of 1.3% in the number of employees compared to the same period last year. The average registered capital of a newly established enterprise in 5 months achieved 14 billion VND, climbing up 20.9% compared to the same period last year. If including 975.1 trillion VND of the additionally registered capital of nearly 19.1 thousand enterprises that recorded an upward adjustment of capital, the total additional registered capital in the economy in 5 months of this year was 1,753.4 trillion VND, an increase of 27.5% compared to the same period last year. Besides, there were nearly 22.6 thousand re-operated enterprises, an increase of 3.9% over the same period last year, bringing the total number of newly registered enterprises and re-operated enterprises in 5 months to 78.3 thousand enterprises, the average every month had nearly 15.7 thousand newly established enterprises and re-operated enterprises.

In 5 months this year, there were 59.8 thousand enterprises temporarily ceased for a certain time, temporarily ceased and awaited dissolution procedures, and completed dissolution procedures, an increase of 23% over the same period last year, including the number of enterprises temporarily ceased for a certain time was 31.8 thousand enterprises, an increase of 22.3% compared to the same period last year; 20 thousand enterprises temporarily ceased and awaited dissolution procedures, a climbing up 20.7%; 8 thousand enterprises completed dissolution procedures, an increase of 32.3%. On average, nearly 12 thousand enterprises withdrawing from the market each month.

4. Investment

Ministries, branches, and localities were making efforts on Investment capital from the State budget in May 2021 in the context of the fourth outbreak of the Covid-19 epidemic in many provinces/cities to achieve the dual-target which are both disease prevention and focus on promoting production and business activities, creating a driving force for economic growth. Realized capital of foreign investment projects in the first 5 months of 2021 reached 7.15 billion USD, up 6.7% over the same period last year.

Investment capital from the State budget in May was estimated at 34.2 trillion VND, up 6.9% over the same period last year. Generally, in the first 5 months of this year, realized investment capital from the state budget reached 133.4 trillion VND, equaling 28.7% of the year plan and up 14.2% against the same period last year (the same period in 2020 equaled 22.8% and increased by 16.2%), including: the capital under central management was 20.9 trillion VND, equaling 27.1% of the yearly plan and increasing 21.4% against the same period last year; and the capital under local management reached 112.5 trillion VND, equaling 29% of the yearly plan and climbing up 13%.

The foreign direct investment from the beginning of the year to 20th May 2021 including newly registered capital, adjust investment capital and the total value of capital contribution reached 14 billion USD, increased by 0.8% compared to the same period in 2020. Of which, 613 newly licensed projects with a registered capital of 8.83 billion USD, a decrease of 49.4% in the number of projects and a growth of 18.6% of registered capital compared to the same period last year; 342 turns of projects which were licensed in the previous years registered to adjust investment capital with the additional capital of  3.86 billion USD, increased by 11.7%; 1,422 turns of capital contribution and share purchases of foreign investors with a total value of the capital contribution of 1.31 billion USD, a drop of 56.3%. Including 430 turns of capital contribution capital, increased charter capital of the enterprise with the value of contributed capital of 500.8 million USD, and 992 turns of foreign investors repurchased domestic shares without increasing the charter capital with a value of 807.2 million USD. Foreign direct investment capital that implemented in the first five months of the year reached 7.15 billion USD, a growth of 6.7% over the same period last year.

          Vietnam’s investment abroad in the first five months of the year, there were 21 projects newly granted investment certificates with a total investment capital of 143.5 million USD; 9 times of projects adjusted capital with additional capital of 403.2 million USD. Generally, the total investment capital of Vietnam abroad (newly and additionally licensed capital) in 5 months reached 546.7 million USD, 3 times higher than the same period.

5. Trade, transportation and tourism

The complicated situation of the Covid-19 pandemic in some localities negatively affected commercial, transportation and tourism in the month. However, trade and transportation activities in the first five months of 2021 still increased compared to the same period last year: total retail sales of consumer goods and services up 7.6%; total import and export turnover of goods rose by 33.5%[7]; passenger carried up 4.2%, passenger traffic increased slightly by 0.1%, freight traffic rose by 10.5%, freight turnover increased by 11.2%. Particularly, international visitors to Viet Nam in the first five months decreased by 97.8% over the same period last year because Vietnam has not opened international tourism yet to continue implementing measures to prevent and control the Covid-19 epidemic.

Gross retail sales of consumer goods and services in May was estimated at 393.6 trillion VND, down 3.1% from the previous month and down 1% over the same period last year. Generally, for the 5 first months of 2021, gross retail sales of consumer goods and services reached 2,086.1 trillion VND, up 7.6% over the same period last year, eliminating price factor up 6.27% (the same period in 2020 decreased by 6.56%).

Export turnover in April 2021 reached 26.55 billion USD. Export turnover in May 2021 was estimated at 26 billion USD, decreased by 2.1% over the previous month, rose by 35.6% over the same period last year. Generally, in the first five months of 2021, the export turnover was estimated at 130.94 billion USD, rose by 30.7% over the same period in 2020, of which, the domestic economic sector was 33.06 billion USD, went up 16.6%, accounting for 25.2% of total export turnover; the FDI sector (including crude oil) attained 97.88 billion USD, increased by 36.3%, sharing 74.8%. In the first five months of 2021, there were 22 products with export turnover of over 1 billion USD, contributing 87.3% to the total export turnover (6 products with export turnover of over 5 billion USD, accounting for 63.8%).

Regarding the structure of export commodity groups in the first five months of 2021, the group of heavy industry products and minerals was estimated at 70.7 billion USD, went up by 33% over the same period last year. The group of light industry and handicraft products was estimated at 47.32 billion USD, jumped up by 33%. Agricultural and forestry products reached 9.69 billion USD, went up by 13.5%. The group of fishery products reached 3.24 billion USD, edged up by 12%.

Regarding the export commodity market in the first five months of 2021, the United States was Viet Nam’s largest export market with a turnover of 37.6 billion USD, a growth of 49.8% over the same period last year; the following was China market with 20.1 billion USD, going up by 26%; The EU with 16.1 billion USD, rose by 20.8%; ASEAN market with 11.5 billion USD, an increase of 23.7%; South Korea with 8.9 billion USD, an increase of 17.1%; Japan with 8.4 billion USD, increased by 7.7%.

Import turnover of goods in April 2021 reached 27.78 billion USD. Import turnover in May 2021 was estimated at 28 billion USD, increased by 0.8% over the previous month, and increased by 56.4% over the same period last year. Generally, in the first five months of 2021, the import turnover was estimated at 131.31 billion USD, increased by 36.4% over the same period in 2020, of which the domestic economic sector reached 45.8 billion USD, went up by 30.2%; the FDI sector gained 85.51 billion USD, edged up by 39.9%. In the first five months of 2021, there were 27 imported products with a turnover of over 1 billion USD, accounting for 84.4% of total import turnover (4 products with export turnover of over 5 billion USD, accounting for 45.3%).

Regarding the structure of imported goods in the first five months of 2021, the group of input materials was estimated at 123.15 billion USD, went up by 36.8%, in which machinery, equipment, accessory, means of transport and components reached 58.8 billion USD, went up 33%; fuel and row materials reached 64.35 billion USD, up 40.5%. Consumer goods group was estimated at 8.16 billion USD, rose by 29.5%.

Regarding the imported goods market in the first five months of 2021, China remained the largest import market of Viet Nam with a turnover of 43.3 billion USD, jumped up by 52.8% over the same period last year; the following was the South Korean market with 20.9 billion USD, rose by 20.5%; ASEAN market with 18.1 billion USD, increased by 54.2%; Japan with 8.9 billion USD, going up 14.8%; EU market with 6.7 billion USD, expanding by 16.8%; the United States with 6.4 billion USD, increase of 6.8%.

The trade balance of goods in April 2021 witnessed a trade surplus of 1.23 billion USD[8]; trade surplus for the first quarter was 1.63 billion USD; trade deficit for May 2021 was 2 billion USD; trade deficit in the first five months of 2021 was estimated at 369 million USD[9], of which the domestic economic sector saw a trade deficit of 12.74 billion USD; the FDI sector (including crude oil) saw a trade surplus of 12.37 billion USD.

Passengers carried in May 2021 were estimated at 287.8 million persons, went down 14.9% compared to the previous month, and passenger traffic 13 billion passengers-km, decreased by 15.9%. Generally for the first 5 months of 2021, passenger carried reached 1,594.9 million passengers, an increase of 4.2% over the same period last year (the same period of 2020 down 26.8%), and passenger traffic gained 69.8 billion passengers-km, rose by 0.1% (the same period of 2020 decreased by 31.7%). Freight carried in May 2021 was estimated at 139.4 million tons, went up 2.8% compared to the previous month and freight traffic 30.1 billion tons.km, rose by 2.7%. Generally for the first 5 months of 2021, freight carried reached 739 million tons, up 10.5% against the similar period last year (the same period in 2020 decreased by 8%) and freight traffic gained 146.2 billion tons-km, went up 11.2% (the same period of 2020 decreased by 7.5%).

International visitors to Viet Nam in May were estimated at 13.4 thousand arrivals, went down 30.8% compared to the previous month and decreased by 40.6% compared to the same period last year. Generally, in the first 5 months of 2021, international visitors to Viet Nam was estimated at 81 thousand arrivals, went down by 97.8% compared to the same period last year.

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

The increase in prices of input materials affects production costs, causing the prices of consumer goods and services to increase; price of petrol increased according to world prices; the increase in the price of electricity and water for a living according to consumer demand were the main reasons for the consumer price index (CPI) in May 2021 to increase by 0.16% compared to the previous month, went up by 1.43% compared to December 2020 and rose by 2.9% compared to May 2020. On average, in the first 5 months of 2021, CPI increased by 1.29% over the same period last year, the lowest increase since 2016[10]; core inflation in 5 months increased by 0.82%.

Consumer price index (CPI) in May 2021 increased by 0.16% compared to the previous month. The average CPI of the first 5 months in 2021 increased by 1.29% over the same period last year; CPI in May 2021 went up by 1.43% compared to December 2020 and rose by 2.9% compared to May 2020.

Core inflation in May 2021 increased by 0.15% over the previous month and increased by 1.13% over the same period last year. The average core inflation of the first 5 months of 2021 grew by 0.82% compared to the same period of 2020.

The domestic gold price moves in the same direction as the world gold price. The gold price index in May 2021 decreased by 1.68% over the previous month; fell by 0.88% over December 2020 and increased by 13.02% over the same period last year. The US dollar price index in May 2021 decreased by 0.21% over the previous month; went down by 0.02% over December 2020 and decreased by 1.15% over the same period last year.

7. Some social situation

The re-emergence of the Covid-19 epidemic at the end of April has had a significant impact on people’s lives. In that situation, the Party and State had timely instructions to ensure the implementation of “dual goals”: fight the epidemic while developing socio-economic, ensuring social security and people’s life, especially supporting local people directly affected by the epidemic. As a result of the Government’s social security policies and solutions to support near-poor households continue to be effective, May 2021 is the 11th consecutive month that hunger has not arisen nationwide.

The epidemic of Covid-19 in the world continues to be complicated [11]. The 5 countries with the highest number of Covid-19 cases in the world were the United States, India, Brazil, France and Turkey. In Vietnam, the epidemic situation has been complicated but still under control. As of 4:00 pm am on May 28th, 2021, there were 6,396 cases have been reported, 2,853 cases have been cured (47 deaths).

In the first 5 months of 2021, there were 5,182 traffic accidents nationwide[12], including 3,348 traffic accidents of less serious or more serious and 1,834 traffic collisions, causing 2,656 deaths, 1,779 injured and 2,009 slightly injured. On average, 1 day in the first 5 months of 2021, there were 34 traffic accidents nationwide, including 22 traffic accidents of less serious severity and 12 traffic collisions, killing 18 people, 12 people injured and 13 people slightly injured.

Natural disasters in the first 5 months this year made 23 people dead and missing, 37 people injured; 136 houses collapsed, swept away and 5.1 thousand houses were flooded and damaged; 5.5 thousand cattle and poultry died; 26.6 thousand hectares of rice and 3.2 thousand hectares of crops were damaged; total value of property damage was estimated at 312.2 billion VND, down 92.1% over the same period last year.

During the month[13], 178 cases of fire and explosion occurred nationwide, killing 14 people and injuring 27 others, with estimated damage of 28.9 billion VND. Generally, in the first 5 months of 2021, there were 966 fires and explosions in the whole country, killing 48 people and injuring 75 others, with estimated damage of 266.8 billion VND.

[1] From 16/4/2021 to 15/5/2021

[2] Industrial production in May 2020 decreased by 4.6% over the same period last year.

[3] In the first 5 months of 2020, IIP of electricity production and distribution of May 2020 decreased by 1% over May 2019 due to the Covid-19’s effects.

[4] Source: National Enterprise Registration Information System, Business Registration Management Agency, Ministry of Planning and Investment (Received the report on 25th May 2021)

[5] If adding two newly registered enterprises in the field of information and communication in Ho Chi Minh City with registered capital increased by 525 trillion VND, the registered capital in May 2021 increased by 499.4% compared to the same period last year (these two enterprises were established on May 20, 2021, share the same legal representative and are in the process of completing capital contribution).

[6] Excluding the above two enterprises registered for establishment in Ho Chi Minh City in May 2021.

[7] Data in May 2021 meeting by an interdisciplinary team consisting of the Ministry of Industry and Trade, the Ministry of Planning and Investment, the State Bank of Viet Nam, the General Department of Customs and the General Statistics Office meeting estimates based on export turnover figures, import as of May 27, 2021 of the General Department of Customs combined with market information, the proportion and trend of export and import of goods. The General Statistics Office received and updated the report on the afternoon of May 28, 2021.

[8] The trade deficit in April 2021 was estimated at 1.5 billion USD.

[9] In which, in the first five months of 2021, the trade surplus to the EU reached 9.4 billion USD, rose by 23.8% over the same period last year; trade deficit from China was 23.2 billion USD, went up 87.3%; trade deficit from Korea was 12 billion USD, going up 23.1%; trade deficit from ASEAN was 6.6 billion USD, increased by 171.6%.

[10] The average CPI growth rate in the first 5 months of the year compared to the same period last year in 2016-2021: 1.59%; 4.47%; 3.01%; 2.74%; 4.39%; 1.29% respectively.

[11] As of 4:00 pm on May 28th, 2021, in the world, there were 169,671.4 thousand cases of Covid-19 (3,526.3 thousand deaths).

[12]According to quick reports from the Office of the Ministry of Public Security and the Department of Maritime Affairs (the Ministry of Transport).

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