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Wednesday, December 1 2021
Tiếng Việt
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Date 29/06/2021-16:23:00 PM
Socio-economic performance in the second quarter of 2021
Report No. 141/BC-GSO dated June 28th, 2021 prepared by the General Statistics Office, Ministry of Planning and Investment

- Gross domestic product (GDP): GDP in the second quarter of 2021 is estimated to increase by 6.61% over the same period last year, higher than the growth rate of 0.39% in the second quarter of 2020, but lower than the growth rate of 6.73% in the second quarter of 2018 and 2019. In which, the agriculture, forestry, and fishery sector rose by 4.11%; the industry and construction sector increased by 10.28%, and the service sector up by 4.30%.GDP in the first 6 months of 2021 increased 5.64%, higher than the growth rate of 1.82% in the first 6 months of 2020, but lower than the growth rate of 7.05% and 6.77% in the first 6 months of 2018 and 2019 respectively.

Regarding GDP usage in the first 6 months of 2021, the final consumption saw a rise by 3.56% over the same period of 2020; the growth rate for asset accumulation rose by 5.67%; goods and services export and import rosy by 24.05% and 22.76%, respectively.

- Agricultural, forestry and fishery production: Agricultural, forestry and fishery production in the 6 months of 2021 was under favorable weather conditions, rice and plants productivity achieved good results, specially winter-spring rice achieved 68.3 quintals/ha, which is the highest productivity so far; piggeries continued to recover and the poultry husbandry sector was well developed, the total number of pigs and poultry at the end of June was estimated to increase by 11.6% and 5.4% respectively over the same period last year. Aquatic product export recovered and the import demand for pangasius in the international market tend to rise, whiteleg shrimp production in the first 6 months increased by 15.4% over the same period last year.

- Industrial production: Industrial production in the second quarter of 2021 achieved good growth because the production and business activities was maintained and recovered, the growth rate of industrial added value was 11.45% over the same period last year. Overall in the first 6 months of 2021, the growth rate of industrial production increased 8.91%, of which the processing and manufacturing up by 11.42%, higher than the growth rate of 5.06% in the same period last year.

- Enterprise operation: The number of newly registered enterprises in the first 6 months of 2021 reached 67.1 thousands enterprises, up by 8.1% compared to the same period last year and increased 34.4% in the registered capital. The increase in the number and capital of newly registered enterprises shows efforts and entrepreneurship of the business community in the context of the complicated on-going pandemic. Overall in the first 6 months of 2021, the number of newly registered and re-operating enterprises reached 93.2 thousands enterprises, increased by 6.9% compared to the same period last year; the average registered capital of a newly registered enterprise was VND 14.1 billion, a rise of 24.2%. Survey results on business trends of enterprises in the processing and manufacturing industry in the second quarter of 2021 showed a positive result of 68.2% as enterprises rated their business and production performance was better and remained stable in the second quarter of 2021 than in the first quarter.

- Retail of goods and revenue from consumer services: As the Covid-19 pandemic is on-going and complicated, although some localities have implemented distancing according to the PM’s directives, there were focus, center and concentration of pandemic areas, so for the first 6 months of the year 2021, the total retail of goods sales and revenue from consumer services increased by 4.9% over the same period last year (decreased 1.1% over the same period in 2020).

- Transportation and telecommunications: In June 2021, passenger transportation continued facing difficulties because some localities implemented social distancing in the areas with outbreaks of Covid-19. Compared to the same period in 2020, the number of passenger transportation in June decreased 20.3% and 25.2% in the number of carried passengers and transited passengers respectively; for the first 6 months of 2021, passenger transportation fell by 0.7%, transited passenger down by 5.7% compared to the same period last year. Compared to the same period in 2020, cargo transport in June increased by 8.6% in transported goods and 9.4% in transited goods; generally in the first 6 months of 2021, cargo transportation rose by 11.5% and cargo transition up by 11.3% over the same period of the previous year.

- International arrivals to Vietnam: International visitors to Vietnam in the second quarter of 2021 reached 40.1 thousand, fell by 30.4% over the same period last year as Vietnam continues to implement prevention and control measures against the Covid-19. The international tourism market remains unopened so its arrivals are mainly foreign experts and technical workers working in projects in Vietnam. In the first 6 months of 2021, international arrivals to Vietnam reached 88.2 thousand people, 97.6% lower than the same period last year.

- Banking, insurance, securities activities: Credit demand as of June 21st, 2021 reached 5.47% compared to the end of 2020.

The insurance business had positive growth rate, insurance return of the whole market in the first 6 months of 2021 increased by 17% over to the same period last year; the stock market surged with the total capital mobilization up by 68%.

- Development investment activities: Realized investment capital of the whole country in the 6 months of 2021 is VND 1,169.7 trillion, a rise of 7.2% compared to the same period last year, much higher than the 3% increase of 2020.

Estimated in the first 6 months of 2021, realized investment capital for the whole country at current prices was VND 1,169.7 trillion, 7.2% higher than the same period last year, including: the capital from the State budget reached VND 292.2 trillion, accounting for 25.3% and 7.3% higher compared to the same period last year; the non-State budget reached VND 660.1 trillion, equal to 56.4% and up by 7.4%; the foreign direct investment budget reached VND 214.4 trillion, equal to 18.3% and up by 6.7%.

Total foreign investment capital in Vietnam as of June 20th, 2021, including newly registered capital, adjusted registered capital and capital contribution and shares purchase by foreign investors reached nearly USD 15.27 billion, decreased by 2.6% over the same period last year. In which, there are 804 newly granted projects with registered capital of nearly USD 9.55 billion, fell by 43.3% in the projects number and up 13.2% in registered capital over the same period last year; there were 460 times of granted projects from previous years registered for adjustment of investment capital with the additional capital reaching USD 4.12 billion, up by 10.6%; there were 1,855 paid-in capital for share purchase by foreign investors with a total paid-in capital of USD 1.60 billion, fell by 54.3%.

- State budget revenues and expenditures: State budget revenues progress in the first 6 months of 2021 achieved good results in the context of the complicated Covid-19 pandemic, estimated to reach 57.7% of the yearly estimate. The budget expenditures are carried out on estimates and progress of implementing professional tasks of budget-using, prioritizing spending on Covid-19 pandemic prevention and control.

Total state budget in the first 6 months of 2021 was estimated at VND 775 trillion, equal to 57.7% of the yearly estimate. Of which, domestic revenue gained VND 633.1 trillion, equal to 55.9%; revenue from crude oil was VND 18.5 trillion, equal to 79.8%; budget balancing revenue from import and export activities was VND 122.8 trillion, equal to 68.8%.

Total state budget expenditures in the first 6 months of 2021 was estimated at VND 694.4 trillion, or 41.2% of the yearly estimate. Of which, recurrent expenditures were worth VND 501 trillion, or 28.1%; spending for investment and development was VND 39.1 trillion, or 8.2%; interest payment was VND 56.8 trillion, or 51.6%.

- Export and import of goods: Total export and import turnover in June 2021 was estimated at USD 54 billion, 25% higher than the same period last year. Generally in the first 6 months of 2021, total export and import turnover reached USD 316.73 billion, 32.2% higher than the same period last year. Of which, export turnover reached USD 157.63 billion, up by 28.4%; import turnover reached USD 159.1 billion, up by 36.1%. Trade balance in the first 6 months of 2021 was expected to produce a trade surplus of USD 1.47 billion.

+ Export turnover: In May 2021, export turnover reached USD 26.19 billion, USD 193 million higher than estimated plan.

In June 2021, export turnover was estimated to reach USD 26.5 billion, 1.2% higher than the previous month, of which domestic economic sector made a gain of USD 7.58 billion, up by 5.2%; the foreign invested sector (including crude oil) reached USD 18.92 billion, fell by 0.3%. In the second quarter of 2021, export turnover reached USD 79.23 billion, up by 33.5% over the same period last year and 1.1% compared to the previous quarter. Generally, in the first quarter of 2021, export turnover was estimated to reach USD 157.63 billion, a rise of 28.4% compared to the same period last year.

+ Import turnover: In February 2021, import turnover reached USD 20.656 million, USD 144 million lower than the estimated plan. It was estimated that import turnover reached USD 28.2 billion, a rise of 36.5% in March 2021 compared to the previous month. Generally, in the first quarter of 2021, import turnover was estimated at USD 75.31 billion, up by 26.3% over the same period last year. Of which, domestic economic sector reached USD 25.05 billion, an increase of 17%; foreign investment sector reached USD 50.26 billion, an increase of 31.5%.

+ Export and import of service: In May 2021, service export turnover was estimated at USD 28.27 billion, USD 267 million higher than the estimated plan. In June 2021, service export turnover was estimated at USD 27.5 billion, 2.7% lower than the previous month. In the second quarter of 2021, the export turnover reached USD 83.5 billion, 45.7% higher than the same period last year and 10.4% higher than the first quarter of 2021.

Generally in the first 6 months of 2021, service export turnover was estimated at USD 159.1 billion, increased by 36.1% over the same period last year. Of which, the domestic economic sector attained USD 55.9 billion, up by 30.2%; the FDI sector attained 103.2 billion USD, up by 39.5%.

The realized trade balance in May 2021 saw a trade deficit of USD 2.07 billion; 5 months had a trade deficit of USD 0.47 billion; in June 2021 was estimated to USD 1 billion. Overall, trade balance in the first 6 months of 2021 saw a deficit of USD 1.47 billion.

- Consumer Price Index (CPI): The CPI in June 2020 increased 0.19% compared to the previous month, increased 1.62% compared to December 2020 and up by 2.41% compared to June 2020. The average CPI in the first 6 months of 2021 increased 1.47%, which was the lowest increase since 2016; core inflation in 6 months increased by 0.87%.

Core inflation in June 2021 increased by 0.07% compared to the previous month and by 1.14% over the same period last year. The average core inflation in the first 6 months of 2021 showed a year-on-year rise of 0.87%.

- Labour and employment: The nationawide labour force aged from 15 and above in the second quarter of 2021 was roughly calculated as 51.1 million people, increased 44.7 thousand people over the same period last year. Generally, in the first 6 months of 2021, the labour force aged from 15 and above was 51 million people, increased 737.7 thousand people over the same period last year. The labour force participation rate in the first 6 months was estimated at 68.8%, increased 0.1% over to the same period last year.

The nationawide unemployment in the first 6 months of 2021 was estimated to reach 2.30% (the first quarter and the second quarter were 2.19% and 2.40% respectively), of which the urban and rural area unemployment rate an were 3.07% and 1.86% respectively./.


Ministry of Planning and Investment

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