Investment at current prices by types of ownership in the period 2016-2021 Investment at current prices by types of ownership in the period 2016 -2021... The chart shows the volatility i
Growth factors
Investment
1.1 Investment in the period 2016-2021 a Investment at current prices by types of ownership in the period 2016-2021
Year State Non – State Foreign-invested sector
Investment at current prices by types of ownership in the period 2016 -2021
State Non - State Foreign invested sector
Figure 1 The chart shows the volatility in investment at current prices by types of ownership in the period 2016-2021 (Billions dong)
Overall, the state, non-state, and foreign-investedsectors of the entire society's total investment capital at present prices is modest but has experienced sustained growth from
By 2020, due to the effects of the Covid outbreak, realized social investment capital at current prices will increase by 5.7% to VND 2164.5 trillion This is the lowest growth rate between 2011 and 2020 because of the COVID-19 epidemic's detrimental effects on all commercial and manufacturing activities In which the non-state sector reached 972.2 trillion dong, equaling 44.9% and growing by 3.1%; the state sector reached 729 trillion VND, accounting for 33.7% of the total capital and up 14.5% from 2019; and the foreign direct investment sector reached 463.3 trillion dong, equaling 21.4% and declining 1.3%.
In 2021, the realized investment capital of the whole society at current prices will reach VND 2,891.9 trillion, up 3.2% over the previous year, of which: State capital will reach VND 713.6 trillion, accounting for 24.7% total capital and decreased by 2.9% over the previous year; the non-state sector reached 1720.2 trillion dong, equaling 59.5% and increasing by 7.2%; FDI sector reached 458.1 trillion dong, equaling 15.8% and decreasing 1.1% Although this is the lowest increase in many years, it is a positive result in the context of the complicated developments of the COVID-19 pandemic in the country and in the world.
In short, the Covid pandemic epidemic had a negative impact on the economy, delaying business and production operations and causing investment capital growth, albeit at a very low level. b Foreign direct investment projects licensed by kinds of economic activity in the period 2016-2021
Electricity, gas, steam, and air conditioning supply 3 13 20 15 20 24
Wholesale and retail trade; repair of motor 514 619 788 1140 722 507 vehicles and motorcycles
Total registered capital (Mil USD)
Manufacturing 16936.9 16437.6 19378 25196 14786.7 22500.7 Real estate activities 2355 3107.5 8253.3 3860.4 4976 3607.2 Electricity, gas, steam, and air conditioning supply
Wholesale and retail trade; repair of motor vehicles and motorcycles
Total registered capital of foreign direct investment projects licensed by kinds of economic activity in the period 2016-2021
Manufacturing Real estate activities Electricity, gas, steam and air conditioning supply Wholesale and retail trade; repair of motor vehicles and motorcycles
Figure 2 The chart shows the total registered capital of foreign direct investment projects licensed by Manufacturing; Real estate activities; Electricity, gas, steam, and air conditioning supply; Wholesale and retail trade, and repair of motor vehicles and motorcycles in the period 2016-2021
Over the 2016–2021 period, foreign investors made investments in 19 different industries, although the processing and manufacturing sector has consistently drawn the most of their attention Additionally, industries receiving foreign direct investment are particularly prominent in sectors like real estate, wholesale, retail, or power production and distribution.
With a total registered capital of 115.2 billion USD, the manufacturing and processing industry was the sector that received the most interest from investors during this time.With 5860 projects, this industry has the most investment projects overall With a total registered capital of 26.2 billion USD, real estate came in second The industries that get the most FDI are, generally speaking, those that deal with processing technology, real estate, electricity production, and distribution, etc.
1.2 Investment in the first 3 quarters of 2022 a Investment at current prices by types of ownership in the first 3 quarters of 2022
At current exchange rates, the amount of Investment at current prices by types of ownership is projected to be VND 2,130.3 trillion in the first nine months of 2022, an increase of 12.5% over the same period in 2017 This rise is attributable to the manufacturing sector's robust recovery In which the amount of foreign direct investment in Vietnam reached 15.4 billion USD, an increase of 16.3% over the same time period, and the highest level for the first nine months of any year from 2018 to the present
Investment at current prices by types of ownership was estimated to be 833.8 trillion dong in the third quarter of 2022 at current prices, an increase of 18.1% over the same period in the previous year This figure includes capital from the state, which increased by 27.8%, the non-state sector, which increased by 11% to reach 491.2 trillion dong, and the foreign direct investment sector, which increased by 34.5% to reach 126.1 trillion dong.
We can see from the data above that there have been many good improvements in the production, business, and investment situations The majority of industries, fields, and regions are seeing a recovery and growth trend In order to help businesses overcome obstacles, create favorable conditions for them to limit damage, maintain and expand output, and maintain and develop commercial operations, the government is also implementing support packages for socio-economic recovery. b Foreign direct investment projects licensed by kinds of economic activity in the first 3 quarters of 2022
In the first nine months of 2022, Vietnam received an estimated 15.43 billion USD in foreign direct investment, an increase of 16.3% over the same period in 2017 The quantity of foreign direct investment capital realized in the last five years has not been higher in nine months than it is now In which the production and distribution of electricity, gas, hot water, steam, and air conditioners reached USD 1.15 billion, accounting for 7.5% of the total realized foreign direct investment capital, while the processing and manufacturing industry reached USD 12.05 billion, accounting for 78.1%.
There are also definite indicators of improvement when you look at the number of projects that were filed for foreign investment in the first nine months of 2022: 1,355 new projects around the nation have received investment registration certificates, an increase of 11.8% from the previous period 769 projects, up 13.4%, are registered to adjust investment capital during the year 2021.
This unmistakably confirms that foreign investors have faith in Vietnam's business environment, view it as a safe and alluring investment destination, and continue to increase investment when Vietnam adopts a new policy to lure investors and push for the economy's reopening following almost two years of restrictions due to the Covid-19 epidemic.
State budget and insurance
2.1 Accumulation of state budget revenue and expenditure in the period 2016-2021
Figure 3 The chart shows the total state budget revenue and expenditure as of December
31, 2021 and the years 2016,2017,2018,2019,2020 (Trillion VND)
Total state budget revenue in the period from 2016-2019 has grown steadily year by year However, in 2020, due to the serious impact of the Covid pandemic, the total state budget revenue decreased Decreased by VND 43.2 trillion (down 2.8%) and this number has increased by VND 60.7 trillion (8.5%) in 2021 - the beginning of economic recovery.
State budget expenditure has also grown steadily year by year And especially, 2018 was the year when the total state budget expenditure increased the highest in 6 years, increasing by 153.4 trillion VND (19.3%) The fact that the total state budget expenditure is larger than the total revenue leads to the fact that during the 2016-2021 period, Vietnam is always in a state of overspending.
2.2 State budget deficit for the period 2016-2021
Figure 4 State budget deficit as of December 31, 2021 and the years 2016,2017,2018,2019
Although the state budget deficit in 2016-2021 has increased and decreased year by year, this situation has always existed up to the present time and has not shown any signs of improvement And especially in 2020 as mentioned above, due to the serious influence of Covid, the state has to spend on many issues such as social security, health care, but the overspending rate increased significantly ( 76.7 trillion VND).
Objective reasons: Due to a cyclical economic downturn The unstable situation of world security and complicated developments of natural disasters will also increase the need for spending on defense and social order and security, increasing the need for state budget spending to overcome the consequences of disaster.
Subjective causes: Unreasonable management and administration of the state budget is reflected in the poor assessment and exploitation of revenue sources; There are still many shortcomings in the allocation and use of the state budget, causing losses and waste of state financial resources.
2.3 Accumulation of state budget revenue and expenditure in the third quarter of
Figure 5 Accumulation of state budget revenues and expenditures as of the third quarter of 2022
At the regular press conference of the Ministry of Finance, held on September 29,leaders of the Ministry of Finance said that the total state budget revenue in 9 months was estimated at 1,327.3 trillion VND, equal to 94% of the estimate, up 22% compared with the same period in 2021 Based on the implementation of state budget revenue in the first nine months of 2022, the Ministry of Planning and Investment's economic forecast in
2022 is expected to grow 7-7.5% State budget revenue is estimated to exceed the estimate.
In the opposite direction, the total state budget expenditure in 9 months reached 1,086.3 trillion VND, equaling 60.8% of the estimate, up 5.4% over the same period in
2021 State budget expenditure tasks 9 monthly is carried out according to the estimate, meeting the needs of socio-economic development, national defense, security, and state management; ensuring funding for overcoming consequences of natural disasters, epidemics and social security spending tasks, taking care of beneficiaries of salaries, pensions and social allowances from the state budget.
Figure 6 Total insurance revenue by three sectors: Social insurance, health insurance,unemployment insurance in the period 2016-2021
Figure 7 Total insurance expenditures by three sectors: Social insurance, health insurance, unemployment insurance in the period 2016-2021
Social insurance is the insurance sector with the most participants and unemployment insurance with the fewest participants Total insurance revenue in the past 6 years has changed significantly This number increased by 53.1% (97.4 trillion VND) in 2017 but then decreased by 41.8 trillion VND the following year and continued to increase steadily until reaching 433.1 trillion VND VND in 2021
Total insurance spending grew at a steady rate from 2016-2021 and grew at a much higher rate in 2020 But then in 2021, this figure decreased significantly (16.7 %)
Especially during the Covid period, the number of people buying insurance has also increased significantly Insurance enterprises have promoted forms of insurance distribution, deployed online insurance products, diversified premium collection channels; while increasing investment in technology, building a digital ecosystem , helping customers to be proactive in accessing and participating in insurance services, this is an opportunity for the insurance market to continue to grow.
The total accumulated collection of Social Insurance, Health Insurance, andUnemployment Insurance by the end of September 2022 is estimated at nearly VND
308,000 billion, up 8.67% over the same period in 2021 The insurance market can be expected Insurance will continue to grow more than in 2021.
Agriculture, forestry, and seafood
Grain food production and rice production in 2016-2021
Grain food production Rice production m il io n t o n s
Figure 8 Show grain food production and rice production in 2-16-2020
The production of food crops in the period 2016-2021 has a rather complicated situation as it continuously increases and decreases, the reason is because of abnormal climatic weather causing natural disasters, storms, floods, droughts and besides There was also the appearance of the Covid-19 pandemic, which broke the chain of export, import and consumption of agricultural products.
However, there are still positive records such as the growth of grain food production varieties, an increase of 1063.2 thousand tons compared to 2017 2021 also marked the recovery of grain agriculture, an increase of 975.8 thousand tons compared to 2020.
The winter-spring rice crop in 2022 will reach 19.98 million tons, a decrease of 649 thousand tons compared to the winter-spring crop in 2021, mainly due to the reduction of the sown area to switch to non-agricultural land for urbanization and to grow crops. perennial crops or switch to aquaculture for higher economic efficiency Most of the cultivated area of cash crops decreased compared to the same period last year due to unfavorable weather conditions, inundation in many areas, and economic efficiency from crops such as corn, sweet potato, and peanuts is not high, so farmers reduce production. b Industrials plan
Production of industrial crops in the period 2016-2021 cashew rubber tree coffee tea pepper m il li o n t o n s
Figure 9 Show production of industrial crops in the period 2016-2021
Total production of industrial crops increased steadily during this period In general, all industrial crops increase their annual output, except for cashew and tea In 2017, cashew nuts decreased by 29.3%, tea production decreased by 6% compared to 2016
After 5 years, the 3 largest products in terms of output, rubber increased by 22.85%, coffee increased by 26.3% and tea increased by 3.8% Obviously, coffee is still a potential industrial crop bringing abundant supply to our country.
The output of some major industrial crops in the first nine months of 2022 increased over the same period in 2021, of which: Tea buds reached 891.9 thousand tons, up 0.7%; rubber reached 841.3 thousand tons, up 3.2%; pepper reached 267.6 thousand tons, up 0.5%. c Fruit trees
Output of fruit trees in the period 2016-2021 banana mango oranges, tangerines m il li o n t o n s
Figure 10 Show the output of fruit trees in the period 2016-2021
(million tons) 2016 2017 2018 2019 2020 2021 banana 1977 2066.2 2095.6 2194.2 2267.5 2346.9 mango 728.1 745.5 791.8 839 892.7 999.6 oranges, tangerines 806.9 957.9 1075 1220 1359.7 1784.7 logan 503 499.3 543.7 528 568.2 607.3 lychee, rambutan 648.4 562.9 731.8 617.8 636.6 679 grapefruit 500.3 571.3 653.7 818.9 932 1034.7
Fruit trees have a much faster increase in production over the years than industrial trees Although there was still a significant decrease in the production of lychee, rambutan in 2017 (down 13.2% compared to 2016) and 2019 (15.58% compared to 2018) and longan in 2017 and 2019, the rest of the fruits All recorded growth.
Banana is currently the fruit tree with the largest production, up 18.7% after 5 years. Besides, the output of oranges and tangerines (up 121.2%) and the output of pomelos (up 106.8%).
The output of some fruit trees in the first 9 months of 2022 increased quite well: Bananas reached 1,832.5 thousand tons, up 4.7% over the same period last year; oranges reached 989.6 thousand tons, up 10.1%; mango reached 812.4 thousand tons, up 3.3%; longan reached 531.7 thousand tons, up 3.5%; pomelo reached 527.8 thousand tons, up 6% Dragon fruit alone reached 701.1 thousand tons, down 9.6% due to the reduced selling price and low export volume, so people did not take care of it; Many dragon fruit orchards have reached old age and people have not replanted them. d Breed
2016 2017 2018 2019 2020 2021 buffalo(millions) 2.52 2.5 2.42 2.39 2.33 2.26 cow (millions) 5.5 5.65 5.8 6.06 6.23 6.36 pig (millions) 29.07 27.4 28.15 19.61 22.03 23.53 poultry (millions) 361.7 385.5 409 481.1 512.7 526.3
In general, the number of cows and poultry always increases year by year, although there are years of disease outbreaks that make the livestock industry complicated, while the number of buffalo is still slowly decreasing.
Although the number of pigs decreased in 2017 due to the low pork price regulation in the consumer market, the scale of livestock production narrowed (down 5.7% compared to 2016) From 2018 onwards, the livestock industry changed from small, dispersed to concentrated according to the farm model, causing pig farming to recover significantly In
2019, the number of pigs dropped a record (down 30.3% compared to 2018) due to the occurrence of African swine fever, but recovered in the following years.
Animal husbandry in the first 3 quarters of 2022 is generally stable, the outbreak of dermatitis is gradually controlled, but the risk of recurrence is still high Local authorities and specialized agencies still need to continue to implement solutions for disease prevention and control, well-organize vaccination; monitoring, detecting and promptly handling newly arising outbreaks; strictly handle cases of illegal transportation, and trading of buffaloes and cows of unknown origin.
The rate of increase/decrease in the number of cattle and poultry at the end of
September 2022 compared to the same time last year
(thousand ha) 4.50 1.5 0.9 3.3 1.5 2.01 burnt forest (ha) 3320.8 471.7 293.7 2716.5 645.3 1229 cleared forest (ha) 1198.7 1043.9 616 596.1 819 786 harvested timber
(thousand m3) 12633.2 14181.8 15298.9 16352 17178.9 18375.3 Timber production has increased steadily year by year averaging about 7% per year. Only in 2020, the rate of exploitation decreased due to the impact of the Covid-19 epidemic on the consumption chain of wood processing products (up 5.2% compared to 2019).
The area of new bare forest fluctuates around 280 thousand hectares, only in 2017 recorded the largest afforestation area of 292.2 thousand hectares.
Wildfires caused by heat caused great damage in 2016, 2019 and 2021, but the largest was still in 2016 with 3320.8 hectares of forest burned, and damage from deforestation was also the largest this year with 1198 ha of forests were cut down 2018 recorded the least number of forests being cut down in 6 years with 0.9 thousand ha of forest damaged.
Generally, in the first nine months of 2022, the area of newly concentrated planted forests is estimated at 191.2 thousand hectares, up 4.1% over the same period last year. [1], down 62.2% over the same period last year, of which the burnt forest area was 24.5 ha, down 98.3%; the area of forest cut and cleared was 863.4 ha, down 1.6%.
Fishery production in the period 2016-2021 exploited seafood farmed seafood th o u sa n d t o n s
Figure 11 Show fishery production in the period 2016-2021
(thousand tons) 2016 2017 2018 2019 2020 2021 exploited seafood 3163.3 3389.3 3606.7 3777.7 3863.7 3937.1 farmed seafood 3640.6 3835.7 4161.8 4490.5 4633.5 4855.4 seafood 6803.9 7225 7768.5 8268.2 8497.2 8792.5
After a serious marine environmental incident in the central waters in 2016, the fishery industry recovered with an average yield growth of about 6% per year However,due to the Covid-19 epidemic, this growth rate has decreased to an average of 2.25% per year.
Industry
Figure 12 Show the development of Whole Industry from 2016 to 2021
With the exception of mining and quarrying, the state-owned sector shows positive growth from 2016 to 2021 However, the majority of industrial production indexes fell, particularly in 2020 when the Covid-19 outbreak in Vietnam was at its worst By 2020, the IIP index will start to steadily decline until rising once more in 2021 as a result of the Covid-19 epidemic's detrimental effects on industrial output, disruption of the supply chain of raw materials, and contraction of import and export markets
Thanks to the rise of industrial production and the favorable growth of the processing and manufacturing sector, which climbed by 10.4% in 2019, the Index of Industrial Production (IIP) increased by 9.1% in 2019 compared to 2018 and more significantly than in previous years with an increase of 8.5% and steady growth of the power generating and distribution sector, the mining and quarrying industry developed rapidly to positive growth In general, in the period 2016-2019, the industry grew positively with an average increase of 9.5%/year.
Figure 13 Show the development of Manufacturing from 2016 to 2021
The main driver of economic growth is manufacturing, which is generally extremely complicated By 2020, industries frequently see rapid declines to negative growth as a result of the Covid19 Pandemic's harmful effects Thanks to the dedicated efforts of the entire nation of Vietnam, industries recovered in 2021 The production of pharmaceuticals, medicinal chemicals, and botanical products, on the other hand, is growing at a completely different rate and is expected to reach its peak in 2020 as a result of the rising demand for these items and the scarcity of certain medical supplies and equipment.
Figure 14 Show the development of Mining and quarrying from 2016 to 2021
The 2016 study states that the mining and quarrying sector's drastic downturn was the reason why the industrial production index decreased in 2016 as opposed to rising in prior years The mining sector has experienced negative growth over the years
Mining and quarrying experienced negative growth from 2016 to 2018, which decreased during a three-year period The growth figures from the 2018 report indicate that the economy is no longer dependent on resource and mineral extraction A modest increase of 1.29% was seen by 2019 and contributed 0.09 percentage points to economic growth (According to the 2019 report) The Covid-19 epidemic's effects will cause a substantial decline in all mining and quarrying-related businesses by the year 2020.
Figure 14 Show the development of the Whole industry in three quarters of 2022
In the first quarter of 2022, industrial production remained strong The added value of the sector as a whole increased by 7.07% over the same period in the previous year, with the processing and manufacturing sector seeing the largest increase at 7.79% Production and distribution of electricity also increased
According to estimates, the industry as a whole's added value increased by 8.48% in the first nine months of 2022 compared to the same period in 2021 (up 6.97% in the first quarter, 9.87% in the second, and 12.12% in the third) which had a 9.66% gain in the processing and manufacturing sector (up from 7.72 in the first quarter and 11.45 in the second quarter), contributing 2.58 percentage points to the increase in total added value. of the entire economy.
Transport
Passenger transport (million turns of people)
The first three quarters of 2022 2.842,3 1.492,7
Volume of passengers transported in the period 2016-2021
Year m il li o n t u rn s o f p e o p le
Figure 15 Show the volume of passengers transported in the period 2016-2021
According to the 2020 summary report, the volume of passengers transported in the period 2016-2019 has an average growth rate of 11.75%/year In general, the period2016-2019 has a stable growth year by year But by 2020, due to the direct impact of theCovid-19 pandemic, the volume of passengers transported decreased by 1,084 million passengers compared to the previous year (a decrease of 22.3%, according to the 2020 statistical yearbook) Until 2021, the disease situation continues to spread, causing the passenger volume to decrease to 2,552.4 million passengers.
It can be seen that the Covid-19 epidemic has had a strong impact on the field of passenger transport.
Volume of goods transported in the period 2016-2021
Figure 16 Show the volume of goods transported in the period 2016-2021
In the period 2016-2019, according to the 2022 summary report, the volume of transported goods has an average growth rate of 11.87% In general, there was also a steady increase during this period Just like passenger transport, in 2020 due to the impact of the Covid-19 epidemic, the volume of freight transport also decreased compared to
2019 (down 2.6%, according to the 2020 statistical yearbook) But by 2021, freight transport has had a good change, operating stably in the context of the Covid-19 epidemic, reaching 1,640.5 million tons (up 1.2% compared to 2020, according to the
The epidemic has affected the transport industry, but our country has tried to operate stably in that situation.
5.3 Passenger transport in the first three quarters of 2022
In the first three quarters of 2022, the epidemic was under control, so the volume of passenger transport increased, reaching 2,842.3 million passengers (up 40.7% over the same period last year, according to the report on the economic and social situation in the third quarter and nine months of 2022) Specifically, the aviation sector increased by 162%, the railway also recorded impressive results with an increase of 176%, and the waterway also increased by 12.5% over the same period in 2021.
5.4 Freight transport in the first three quarters of 2022
The volume of goods transported in the first three quarters of 2022 continued to increase due to the control of the epidemic, reaching 1,492.7 million tons (up 24.4% over the same period last year, according to the report on the economic and social situation in the third quarter and nine months of 2022) In which, the railway increased by 4.3%,waterway increased by 12.5% compared to the same period last year.
Economic Growth
GDP Growth Rate in the period 2016-2021
Figure 17 Show the GDP Growth Rate in the period 2016-2021
In general, the size of Vietnam's GDP always tends to increase in the period from
2016 to 2021 On average, in the period 2016 - 2019, the GDP growth rate reached 6.78% Especially, 2018 and 2019 achieved impressive growth results with growth rates of 7.08% and 7.02% respectively.
However, by 2020, the economic growth rate will slow down, increasing only 2.91% and that number will decrease further in 2021 with the figure of 2.58% During this time, which is also the period when the Covid-19 pandemic broke out on a large scale around the world as well as in Vietnam, all sectors were deeply affected and the economy was not an exception.
Figure 20 Show the GDP per head in the period 2016-2021
GDP per capita at current prices is always higher than the previous year From 2016 to
2021, GDP per capita increased at a relatively stable rate By 2021, it will reach 3,717USD/person, an increase of 165 USD compared to 2020 GDP at current prices in 2021 will reach 8,479.7 trillion VND (equivalent to 366.1 billion USD).
GDP Growth Rate in the first three quarters of 2022
First quarter: GDP of the first quarter of 2022 increased by 5.03% over the same period last year, showing the first step of Vietnam's economic recovery in the context that the world is gradually recovering from the Covid-19 pandemic.
Second quarter: GDP at current prices of the second quarter of 2022 was 2312996
(VND billion) and it increased by 7.72% over the same period last year This recovery took place at a rather fast pace when the Covid-19 epidemic was under control and the 31st SEA Games were successfully held in Vietnam.
Third quarter: In the third quarter of 2022, the current GDP is estimated at 2373152
(VND billion), an increase of 13.67% over the same period last year This is an impressive figure that shows the strong growth of the Vietnamese economy while the world economic growth is considered to be on a downward trend.
The first 9 months of the year: GDP figures for the first 9 months of 2022 are calculated at about 6839048 (VND billion), up 8.87% over the same period last year This is a leap forward with the highest GDP growth rate in the last 5 years and it shows a spectacular breakthrough of Vietnam compared to the general situation of the world.