Socio-economic situation in the third quarter and nine months of 2024

1. Gross domestic product growth rate

Gross domestic product (GDP) in the third quarter of 2024 was estimated to increase by 7.40% over the same period last year. Of which, the agriculture, forestry and fishery sector increased by 2.58%, contributing 4.08% to the total added value of the whole economy; the industrial and construction sector increased by 9.11%, contributing 48.88 the service sector increased by 7.51%, contributing 47.04%. Regarding GDP expenditure in the third quarter of 2024, final consumption increased by 7.02% over the same period last year, contributing 59.78% to the overall growth rate of the economy; gross capital formation increased by 7.08%, contributing 39.03%; exports of goods and services increased by 15.68%; imports of goods and services increased by 15.84%; the difference between exports and imports of goods and services contributed 1.19%.

GDP in nine months of 2024 was estimated to increase by 6.82% over the same period last year. Of which, the agriculture, forestry and fishery sector increased by 3.20%, contributing 5.37% to the total added value of the whole economy; the industry and construction sector increased by 8.19%, contributing 46.22%; the service sector increased by 6.95%, contributing 48.41%.

Figure 1. GDP growth rate in 9 months compared to the same period
last year 2011-2024 (%)

       

The agriculture, forestry and fisheries sector was severely affected by storm No. 3 in September 2024, so its growth was lower than the same period in previous years. The added value of the agriculture, forestry and fishery sector in the nine months of  2024 increased by 3.20%, only higher than the growth rate of the same period in 2020 in the 2020-2024 period[1]. Of which, the added value of the agricultural sector increased by 2.92% over the same period last year, contributing 0.25 percentage points to the growth rate of the total added value of the whole economy; the forestry sector increased by 4.96% but accounted for a low proportion, so it only contributed 0.03 percentage points; the fishery sector increased by 3.73%, contributing 0.10 percentage points.

In the industrial and construction sector, production of many key industries increased compared to the same period last year. Added value of the entire industry in nine months of 2024 increased by 8.34% over the same period last year[2], contributing 2.71 percentage points to the growth rate of total added value of the whole economy. Of which, the manufacturing industry was the growth driver with a growth rate of 9.76%[3], contributing 2.44 percentage points. The construction industry increased by 7.48%, contributing 0.52 percentage points.

The trade and tourism sectors maintained growth momentum, contributing positively to the growth of the entire economy. The added value of the service sector in nine months of 2024 increased by 6.95% over the same period last year^[4]. The contributions of some service sectors with large proportions to the total added value growth of the entire economy were as follows: Wholesale and retail increased by 7.56% over the same period last year, contributing 0.78 percentage points; transportation and warehousing increased by 11.03%, contributing 0.70 percentage points; financial, banking and insurance activities increased by 6.47%, contributing 0.38 percentage points; accommodation and catering services increased by 9.48%, contributing 0.26 percentage points.

Regarding the economic structure in nine months of 2024, the agriculture, forestry and fishery sector accounts for 11.64%; the industry and construction sector accounts for 37.10%; the service sector accounts for 42.80%; product taxes minus product subsidies account for 8.46% (The corresponding structure in the same period of 2023 is 11.80%; 36.98%; 42.61%; 8.61%).

Regarding GDP expenditure in nine months of 2024, final consumption increased by 6.18% over the same period in 2023, contributing 62.66% to the overall growth rate of the economy; gross capital formation increased by 6.86%, contributing 36.68%; exports of goods and services increased by 16.94%; imports of goods and services increased by 17.05%; the difference between exports and imports of goods and services contributed 0.66%.

2. Agriculture, forestry, and fishery

a) Agriculture

Winter rice: In the 2023 summer rice crop, the whole country cultivated 1,544.5 thousand hectares, equal to 99.5% of the previous year’s crop. As of mid-October, the whole country harvested 1,028.3 thousand hectares of seasonal rice, accounting for 66.6% of the cultivated area and equal to 106.9% of the same period last year, of which: Northern localities harvested 699.2 thousand hectares, accounting for 69.5% and equal to 116%; Southern localities harvested 329.1 thousand hectares, accounting for 61.1% and equal to 91.6%.

Summer-autunm rice: localities across the country completed summer-autumn rice production with an area of 1,912.8 thousand hectares, down 1.9 thousand hectares compared to the summer-autumn crop in 2022, yield reached 57.6 tons/ha, an increase of 0.1 tons/ha; output reached 11 million tons, an increase of 173 thousand tons.

Autumn-winter rice: As of mid-October, localities in the Mekong River Delta cultivated 692.9 thousand hectares of autumn-winter paddy, equal to 106.9% of the same period last year. So far, the region harvested 247 thousand hectares of winter-autumn paddy, made up 35.6% of the total cultivated area and equaled to 88%.

Annual crops: Due to favorable weather, northern localities were taking advantage of planting winter vegetables, so this year’s winter planting progress was faster than the same period last year.

– Livestock: Cattle and poultry farming during the month developed stably and diseases were basically controlled. At the end of October, pig population increased by 3.4% compared to the same period in 2022; poultry population increased by 2.9%; cattle population increased by 0.7%; buffalo population decreased by 1%.

b) Forestry

The area of concentrated newly planted forests nationwide in October 2023 was estimated at 31.3 thousand hectares, down 5.6% over the same period last year. Generally, in the 10 months of 2023, the area of newly concentrated planted forest was estimated at 229.3 thousand hectares, down 0.8%; the number of scattered forest trees reached 83.7 million trees, up 4.7%; timber production reached 16.2 mill. m³, up 3.2%; the damaged forest area was 1,662.8 hectares, up 68.1% over the same period last year, of which the destroyed forest area was 983.2 hectares, up 2.1%; the burned forest area was 679.6 hectares, 25.7 times higher.

c) Fishery

Fishery output in October, 2023 was estimated at 848.5 thousand tons, up 3% over the same period last year, including: aquaculture output reached 544.4 thousand tons, up 4.5%; the caught fishery output reached 304.1 thousand tons, up 0.5%. In general, in 10 months of 2023, fishery output was estimated at 7,645.2 thousand tons, up 2.2% over the same period last year, including: Fishes reached 5,455.9 thousand tons, up 1.9%; shrimp reached 1,091.4 thousand tons, up 4.4%; other fishery products reached 1,097.9 thousand tons, up 1.7%.

3. Industrial production

– The added value of the whole industry in the first nine months of 2024 is estimated to increase by 8.34% over the same period last year (the first quarter increased by 6.47%; the second quarter increased by 8.78%; the third quarter increased by 9.59%). In which, the processing and manufacturing industry increased by 9.76% (the first quarter increased by 7.21%; the second quarter increased by 10.39%; the third quarter increased by 11.41%), contributing 2.44 percentage points to the increase in the total added value of the whole economy; the electricity production and distribution industry increased by 11.11%, contributing 0.43 percentage points; the water supply and waste and wastewater treatment industry increased by 9.83%, contributing 0.06 percentage points; the mining industry alone decreased by 7.01%, reducing 0.22 percentage points in the overall increase.

– The industrial production index in the first nine months of 2024 compared to the same period last year increased in 60 localities and decreased in 3 localities across the country.

– The consumption index of the whole processing and manufacturing industry in September 2024 decreased by 2.1% compared to the previous month and increased by 12.7% over the same period last year. Generally, in the first nine months of 2024, the consumption index of the whole processing and manufacturing industry increased by 12.5% over the same period in 2023 (the same period in 2023 increased by 0.6%).

– The inventory index of the whole processing and manufacturing industry is estimated at September 30, 2024 to increase by 5.2% over the same period last month and up 8.5% over the same period last year. The average inventory rate of the entire processing and manufacturing industry in the first nine months of 2024 is 76.8% (the average nine months of 2023 is 85.3%).

– The number of employees working in industrial enterprises as of September 1, 2024 increased by 1.1% over the same period last month and increased by 5.2% over the same period last year.

4. Enterprise activities

a) Enterprise registration status ^[5]

– In September, the whole country had 11.2 thousand newly established enterprises, a decrease of 16.3% over the previous month and a decrease of 5.0% over the same period last year; nearly 6.5 thousand enterprises resumed, down 23.7% and up 11.6%; 4,233 temporarily inactive enterprises, down 20.6% and up 2.6%; 7,410 enterprises ceased and awaited dissolution procedures, an increase of 43.6% and 40.5%; 1,605 enterprises completed dissolution procedures, down 16.7% and up 26.8%.

– Overall, in the nine months of 2024, the whole country had over 183.0 thousand newly registered businesses and return to operation, a year-on-year increase of 9.7%; on average, there were over 20.3 thousand new businesses established and resumed per month. The number of enterprises withdrawing from the market was 163.8 thousand ones, an increase of 21.5%. On average, 18.2 thousand enterprises withdrawing from the market per month.

b) Business trends of the enterprise

Results of the business tendency survey of manufacturing enterprises in the third quarter of 2024 showed that: 34.7% of enterprises assessed that the business production situation was better than in the second one; 42.6% of enterprises said that the business production situation was stable and 22.7% of enterprises faced difficulties^[6]. For the expected outcome of the forth quarter of 2024, 42.2% of enterprises presented that the tendency would get better than the third one; 40.4% of enterprises said that business production situation would be stable and 17.4% of enterprises predicted that it would be more difficult.

5. Service activities

Total retail sales of consumer goods and services at current prices in September was estimated at 535.8 trillion VND, up 7.6% over the same period last year, of which: Revenue from food and beverage groups increased by 10.6% and  commodation and catering services increased by 7.9%. In the third quarter of 2024, the total retail sales of consumer goods and services was estimated at 1,591.0 trillion VND, up 1.7% compared to the previous quarter and up 8.4% over the same period last year. Generally for the 9 months of 2024, the total retail sales of consumer goods and services at current prices was estimated at 4,703.4 trillion VND, up 8.8% over the same period last year (up 10.1% in the same period in 2023), if excluding the price factor, up 5.8% (the same period in 2023 increased by 7.6%).

Transportation activities in September were stable, meeting people’s travel needs and transporting goods for production, export and domestic consumption. Compared to the same period last year, passenger transport  was up 9.0% in carried and up 18.0 % in traffic; freight transport increased by 12.6% in carried and increased by 7.3% in traffic.

Generally for the 9 months of 2024, passenger carried was up 7.4% and passenger traffic was up 12.2 % over the same period last year; freight carried increased by 13.7% and freight traffic increased by 10.5%.

Passenger transport in 9/2024 was estimated at 435.4 million passenger carried, up 9.0% over the same period last year and 23.5 billion passengers-kilometers, up 18.0%; the third quarter of 2024 was estimated to reach 1,301.7 million passenger carried, an increase of 9.4% over the same period last year and 70.9 billion passengers.km, an increase of 12.6%. Generally for 9 months of 2024, passenger transport was estimated at 3,660.2 million passengers carried, up 7.4% over the same period last year and passenger traffic was 204.6 billion passengers.km, increased by 12.2%.

Freight transport in 9/2024 was estimated at 218.8 million tons of freight carried, up 12.6% over the same period last year and 44.9 billion tons.km of freight traffic, up 7.3%; in the third quarter of 2024 was estimated to reach 659.0 million tons of transported goods, an increase of 14.7% over the same period last year and 136.5 billion tons.km, an increase of 9.3%. Generally for 9 months of 2024, freight transport was estimated at 1,917.9 million tons of freight carried, up 13.7% over the same period last year (up 14.6% in the same period in 2023) and 393.4 billion tons.km of freight traffic, an increase of 10.5%.

Telecommunications revenue in the third quarter of 2024 was estimated at 87.7 trillion VND, up 5.2% over the same period last year. In 9 months of 2024, telecommunications revenue was estimated at 265.9 trillion VND, up 4.2% over the same period last year (if excluding the price factor, it increased by 4.9%).

International visitors to Viet Nam in 9/2024 reached nearly 1.3 millions arrivals, up 20.9% compared to the same period last year. In 9 months of 2024, international visitors to Viet Nam reached 12.7 million arrivals, up 43.0% over the same period last year.

The number of Vietnamese people leaving the country in September 2024 was 421.8 thousand people, decrease of 15.9% over the same period last year. In 9 months of 2024, the number of Vietnamese leaving the country reached 4.1 million, up 6.1% over the same period last year.

6. Banking, insurance, stock market activities

– As of September 27, 2024, total means of payment increased by 5.10% compared to the end of 2023 (same period last year increased by 5.40%); capital mobilization of credit institutions increased by 4.79% (same period last year increased by 6.63%); the economy’s credit growth reached 8.53% (same period last year increased by 6.24%).

– Regarding the insurance market, total premium revenue in the third quarter of 2024 was estimated at VND 56.4 trillion, up 6.9% over the same period in 2023. In nine months of 2024, total premium revenue is estimated at VND 165.5 trillion, down 0.4% over the same period last year

– In the stock market: In nine months of 2024, the average trading value reached VND 13,426 billion/session, down 28.0% compared to the average of the previous month; the average trading value reached VND 10,807 billion/session, up 65.9%;  the average trading volume reached 215.7 thousand contracts/session, down 8.3%

7. Development investment

Total social investment capital in the third quarter of 2024 at current prices is estimated at 966.7 trillion VND, up 7.0 % over the same period last year. In the first nine months of 2024, the total realized social investment capital at current prices is estimated at 2,417.2 trillion VND, up 6.8% over the same period last year.

Total foreign investment registered in Vietnam as of September 30, 2024, including: Newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors reached 24.78 billion USD, up 11.6% over the same period last year.

Foreign direct investment implemented in Vietnam in the nine months of 2024 was 17.34 billion USD, an increase of 8.9% over the same period last year.

Vietnam’s overseas investment in the first nine months of 2024 had 105 projects newly granted investment certificates with a total capital of Vietnam’s side of 177.5 million USD, down 27.5% over the same period last year; there were 20 projects adjusting capital with an adjusted capital of 12.0 million USD, down 93.0%. In the nine months of 2024, Vietnam’s total investment capital abroad (newly granted and adjusted capital) reached 189.6 million USD, down 54.5% over the same period last year.

8. State budget revenue and expenditure ^[7]

Total state budget revenue in September 2024 was estimated at 94.3 trillion VND. Cumulative total state budget revenue in nine months of 2024 was estimated at 1,448.2 trillion VND, equal to 85.1% of the annual estimate and up 17.9% over the same period last year

Total state budget expenditure in September 2024 was estimated at 153.3 trillion VND; accumulated expenditure in nine months of 2024 was estimated at 1,256.3 trillion VND, equivalent to 59.3% of the annual estimate and an increase of 1.4% over the same period last year.

9. Export and import of goods and services^[8]

a) Export and import of goods^[9]

 Export of goods: Preliminary export turnover of goods in 9/2024 reached 34.05 billion USD, down 9.9% over the previous month and increased by 10.7% compared to the same period last year. In the third quarter of 2024, preliminary export turnover of goods reached 108.6 billion USD, up 15.8% over the same period last year and up 10.6% compared to the second quarter of 2024. Generally in nine months of 2024, preliminary export turnover of goods reached 299.63 billion USD, increased by 15.4% over the same period last year. Of which, the domestic economic sector was 83.47 billion USD, went up 20.7%, accounting for 27.9% of total export turnover; the FDI sector (including crude oil) attained 216.16 billion USD, increased by 13.4%, sharing 72.1%.

+ Regarding the structure of exported groups in nine months of 2024, the group of processing industry reached 263.47 billion USD, accounting for 87.9%.

 Import of goods: Preliminary import turnover of goods in 9/2024 reached 31.76 billion USD, decreased by 5.9% over the previous month and increased by 11.1% compared to the same period last year. In the third quarter of 2024, preliminary import turnover of goods reached 99.74 billion USD, up 17.2% over the same period last year and up 6.1% compared to the second quarter of 2024. Generally in nine months of 2024, the preliminary import turnover of goods reached 278.84 billion USD, increased by 17.3% over the same period last year. Of which the domestic economic sector reached 100.85 billion USD, went up 18.8%; the FDI sector gained 177.99 billion USD, up 16.5%.

+ Regarding the structure of imported groups in nine months of 2024, the group of production materials reached 261.5 billion USD, accounted for 93.8%.

Regarding the export and import market of goods in nine months of 2024, the United States was the Viet Nam’s largest export market with a turnover of 84.9 billion USD. China remained the largest import market of Viet Nam with a turnover of 105 billion USD.

The trade balance of goods in September had a trade surplus of 2.29 billion USD. Generally in nine months of 2024, the trade balance of goods had a trade surplus of 20.79 billion USD (in the same period last year, the trade surplus of 22.1 billion USD). Of which, the domestic economic sector had a trade deficit of 17.38 billion USD; the FDI sector (including crude oil) had a trade surplus of 38.17 billion USD.

b) Export and import of services

In the third quarter of 2024, export turnover of services reached 5.9 billion USD, increased by 12% over the same period in 2023 and up 4.2% over previous quarter; import turnover of services reached 9.8 billion USD, went up by 26% over the same period in 2023 and up 11.8% over previous quarter.

In nine months of 2024, export turnover of services reached 17.4 billion USD, went up by 18.8% over the same period in 2023, of which travel service gained 8.8 billion USD (accounting for 50.6% of the total turnover), up 33.4% over the same period last year; transportation service reached 4.9 billion USD (accounting for 28.1%), increased by 7.9%.

Import turnover of service in nine months of this year reached 26.6 billion USD (of which transportation and insurance service fees for imported goods are 8.8 billion USD), up 26.8% over the same period last year, of which transportation service gained 10.7 billion USD (accounting for 40.2% of the total turnover), increased by 17.7%; travel service reached 9.3 billion USD (accounting for 34.7%), increased by 68%.

The trade deficit of services in nine months of 2024 was 9.2 billion USD.

10. Price index

a) Consumer price index, gold price index and US dollar price index

– Consumer price index (CPI) in September 2024 increased by 0.29% compared to the previous month. Compared to December 2023, September CPI increased by 2.18% and compared to the same period last year increased by 2.63%. Average CPI in the third quarter of 2024 increased by 3.48% compared to the third quarter of 2023. In the nine months of this year, CPI increased by 3.88% over the same period last year; Core inflation increased by 2.69%.

– Gold price index in September 2024 increased by 1.88% compared to the previous month; an increase of 22.66% compared to December 2023; increased 32.27% over the same period last year; On average, in the nine months of 2024, the gold price index increased by 26.27%.

– US dollar price index in September 2024 decreased by 1.79% compared to the previous month; an increase of 1.7% compared to December 2023; increased 2.4% over the same period last year; The average nine months of 2024 will increase by 5.46%.

b) Producer price index

The production price index of agriculture, forestry and fishery, industry, services, raw materials and fuel in the third quarter and nine months of 2024 tends to increase compared to the same period last year, while the export and import price index Goods exports decreased according to the world market. In the nine months of 2024, the producer price index of agricultural, forestry and fishery products increased by 8.07% over the same period last year; industrial product producer price index increased by 0.67%; service producer price index increased by 6.6%; the price index of raw materials and fuels used for production increased by 2.65%; merchandise export price index decreased by 1.44%; merchandise import price index decreased by 1.73%.

11. Some social situations

a) Labor and employment

The country’s labor force aged 15 and older in the third quarter of 2024 is estimated to be 52.7 million people, an increase of 114.1 thousand people over the previous quarter and an increase of 238.8 thousand people over the same period last year. In the nine months of 2024, the labor force aged 15 and over is 52.5 million people, an increase of 210.6 thousand people over the same period last year; the labor force participation rate was 68.5%, down 0.4 percentage points.

Employed workers in the third quarter of 2024 are estimated to be 51.6 million people, an increase of 114.6 thousand people compared to the previous quarter and an increase of 244.6 thousand people over the same period last year. In the nine months of 2024, there will be 51.4 million employed workers, an increase of 212 thousand people over the same period last year.

The underemployment rate the working age in the third quarter of 2024 is 1.87%, down 0.19 percentage points compared to the previous quarter and compared to the same period last year. In the nine months of 2024, the underemployment rate among the working age population is 1.99%, down 0.03 percentage points over the same period last year; of which the underemployment rate in urban areas is 1.28%, down 0.32 percentage points; The underemployment rate in rural areas is 2.46%, an increase of 0.18 percentage points.

The average income of workers in the third quarter of 2024 is 7.6 million VND/month, an increase of 176 thousand VND compared to the previous quarter and an increase of 519 thousand VND compared to the same period in 2023. Overall, for the nine months of 2024, income The average income of workers is 7.6 million VND/month, an increase of 7.4%, equivalent to an increase of 519 thousand VND compared to the same period last year.

The unemployment rate the working age in the third quarter of 2024 is 2.24%, down 0.05 percentage points compared to the previous quarter and down 0.06 percentage points over the same period last year. The unemployment rate in the working age in nine months of 2024 is 2.26%, down 0.02 percentage points over the same period last year, of which 2.55% in urban areas; rural areas is 2.07%.

b) Residential life and social security assurance

In the third quarter of 2024, the residential life situation remains stable, the proportion of households assessed to have increased income in the third quarter months is 33.1% (an increase of 2.1 percentage points compared to the third quarter). ago and increased by 5.8 percentage points over the same period last year).

The work of ensuring social security is always carried out promptly and effectively by all levels and sectors. According to reports from the locality, in the nine months of this year (up to September 25, 2024), central and local leaders, departments, branches, unions, and benefactors have also organized visits, Encouraging and giving gifts to many social protection beneficiaries according to Decree No. 20/2021/ND-CP dated March 15, 2021 is 19.6 trillion VND; Poor and near-poor households are more than 4 trillion VND; People with meritorious services and relatives of people with meritorious services to the revolution are nearly 26.6 trillion VND; Unexpected and unusual support arising locally is 1.84 trillion VND. In addition, social insurance has issued more than 26.6 million health insurance cards, books, and free medical examination and treatment cards to beneficiaries.

According to information from the Ministry of Labor, War Invalids and Social Affairs, in September, as of September 25, 2024, the Government has decided to provide 432.6 tons of rice to support people who are severely affected. during storm No. 3. In nine months of this year, the Government, ministries, branches and localities have supported people with nearly 21.8 thousand tons of rice, of which: The Government supported 10.4 thousand tons of rice to save lives. hunger when the Lunar New Year Giap Thin for 693.4 thousand people; Supporting more than 5.9 thousand tons of rice to relieve hunger in 2024 for 396.3 thousand people and 432.6 tons of rice for nearly 28.9 thousand people affected by natural disasters.

c) Cultural and sports activities

In the third quarter of cultural activities commemorating the 77th anniversary of War Invalids and Martyrs’ Day (July 27, 1947 – July 27, 2024), leaders of the Party, State, and Vietnam Fatherland Front… organized incense offering and commemoration of heroic martyrs; Organize incense offering and candle lighting ceremonies to pay tribute to heroic martyrs at martyrs’ cemeteries nationwide. In addition, many exciting cultural activities took place in localities to celebrate the 79th anniversary of the August Revolution and National Day September 2.

d) Traffic accident

In September (from August 26, 2024, to September 25, 2024), there were 1,760 traffic accidents nationwide, killing 906 people and injuring 1,252 people. In the first 9 months of 2024, there were 17,629 traffic accidents nationwide, killing 8,045 people and injuring 13,167 people. Compared to the same period last year, the number of traffic accidents increased by 7.2%; number of deaths decreased by 9.7%; The number of injured people increased by 17.4%. On average, per day in the first 9 months of 2024, there will be more than 64 traffic accidents nationwide, killing 29 people and injuring 48 people.

d) Damage caused by natural disasters

Damage caused by natural disasters in September and the first nine months of 2024 is mainly due to the impact of floods and storms, especially storm No. 3. According to a report from the Ministry of Agriculture and Rural Development, as of September 30 /2024, storm No. 3 left 345 people dead and missing; 1,978 people were injured; 4,713 houses collapsed; 401,275 houses were damaged and flooded; About 286.6 thousand hectares of rice, more than 63.3 thousand hectares of crops were damaged; 44.5 thousand cattle and more than 5.76 million poultry died or were swept away. In addition, the infrastructure of the localities where the storm passed and circulated after the storm was also seriously affected: The transportation system was divided, communication was lost; Schools and classrooms were damaged, affecting students’ learning, many urban trees were broken… The estimated value of damage was up to 81.8 trillion VND.

e) Environmental protection and fire and explosion prevention

In September, according to reports from the Department of Natural Resources and Environment, Provincial and Central City Police compiled by the Statistics Department, the authorities discovered 1,530 cases of environmental violations. In the nine months of this year, 17,342 cases of environmental violations were detected, of which 15,852 cases were handled with a total fine of 224.7 billion VND, an increase of 3.4% over the same period last year.

During the month, there were 336 fires and explosions nationwide, killing 5 people and injuring 6 people, with an estimated loss of 67.7 billion VND, 6.4 times higher than last month and 4.2 times higher than the same period last year. . In nine months of this year, there were 3,193 fires and explosions nationwide, killing 85 people and injuring 87 people, with an estimated loss of 217.4 billion VND, down 39.8% over the same period last year.

[1] The nine-month growth rate of added value of the agriculture, forestry and fishery sector compared to the same period last year in 2020-2024 is: 1.90%; 3.84%; 3.66%; 3.71% and 3.20%, respectively. In the first nine months of 2020, the agriculture, forestry and fishery sector was affected by the Covid-19 pandemic, saltwater intrusion and African swine fever, so the growth was low.

[2] The growth rate of added value of the industrial sector in the first nine months of 2011-2024 compared to the same period last year is respectively: 8.79%; 7.92%; 4.62%; 5.51%; 8.93%; 7.07%; 6.92%; 8.90%; 8.64%; 2.30%; 3.06%; 9.12%; 1.59% and 8.34%.

[3] The growth rate of added value of the processing and manufacturing industry in the first nine months of 2011-2024 compared to the same period last year was respectively: 12.06%; 8.10%; 5.91%; 6.21%; 8.78%; 10.49%; 10.76%; 11.51%; 9.91%; 3.20%; 4.36%; 9.99%; 1.94% and 9.76%.

[4] The growth rate of added value of the service sector in the first nine months of 2011-2024 compared to the same period last year is respectively: 7.42%; 6.80%; 6.59%; 7.21%; 6.97%; 7.30%; 6.97%; 7.25%; 7.52%; 1.87%; 0.27%; 10.77%, 6.64% and 6.95%.

[5] Source: National Business Registration Information System, Department of Business Registration Management, Ministry of Planning and Investment, received October 03^rd, 2024. Implementing Decree No. 62/2024/ND-CP dated June 07^th, 2024 of the Government (effective from August 01^st, 2024), the data period on business registration in the month is calculated from the 1st to the last day of the reporting month. Particularly for time indicators (enterprises returning to operations, enterprises temporarily suspending business for a limited period of time, enterprises temporarily suspending operations awaiting dissolution procedures), the data period is the months before the time. August 01^st, 2024 is calculated from the 21^st of the month preceding the reporting month to the 20^th of the reporting month.

[6] Corresponding indexes of the second quarter of 2024: 37.4% of enterprises rated that their business production situation was better than that in the previous quarter; 41.6% of businesses thought it was stable and 21.0% faced difficulties.

[7] According to Report No. 245/BC-BTC dated September 27, 2024 of the Ministry of Finance on the implementation of the state budget in September and the first 9 months of 2024.

[8] The value of export turnover is calculated at F.O.B price and import turnover is calculated at C.I.F price (including transportation and insurance costs of imported goods).

[9] Total turnover and value of preliminary export and import goods in September 2024 provided by the General Department of Customs on October 4, 2024.