As of July 15, 1,194.4 thousand ha of rice for the winter crop had been cultivated, equaling 105.8% of the same period last year. In the same period. 1,905.3 thousand hectares of summer-autumn rice had been planted, equaling 99.9% of the same period last year. Provinces int eh the Mekong Delta had sown 263.4 thousand hectares of autumn-winter rice by mid-July, equaling 94.3% of the same period last year.
As of the middle of July 2023, 716.6 thousand hectares of maize had been planted, equaling 98.9% over the same period last year. The figure for sweet potatoes was 67.1 thousand hectares, equaling 95.9%; for soybeans was 18.8 thousand hectares, equaling 93.7%; that of peanuts was 132.2 thousand hectares, equaling 96.3%.
The raising of buffaloes and cows in July was stable. Pig and poultry production recovered. It is estimated that by the end of July 2023 the total number of pigs in Vietnam increased by 2.8% compared to the same period in 2022; the total number of cows increased by 0.8%; the total number of buffaloes decreased by 1.8%; total poultry increased by 2.1%.
Forestry production was at a disadvantage due to prolonged hot weather affecting the progress of new afforestation in many localities. In general, in the first 7 months of 2023, the area of newly concentrated planted forest was estimated at 138.5 thousand ha, down 0.3% over the same period last year; the number of scattered forest trees reached 52.1 million trees, up 4.9%; timber production reached 10.5 million m3, up 2.8%.
The area of damaged forest was 1,348.8 ha, an increase of 92.8% over the same period last year. In particular, the area of cut and destroyed forest was 715.5 ha, an increase of 9.3%; burnt forest area was 633.3 ha, which was 14 times as much as the same period last year.
Aquatic production in July 2023 was estimated at 823.1 thousand tons, up 2.6% over the same period last year. Specifically, aquaculture production in the month was estimated at 474.7 thousand tons, up 3. 4%; fishing output reached 348.4 thousand tons, up 1.6%.
Generally, for the first seven months of 2023, aquatic production was estimated at 5,093.6 thousand tons, up 1.9% over the same period last year. To be more specific, output of fish reached 3,669.6 thousand tons, up 1.7%; output of shrimp reached 673 thousand tons, up 3.5%; that of other aquatic products reached 751 thousand tons, up 1.3%.
The index of industrial production (IIP) in July 2023 was estimated to increase by 3.9% over the previous month and by 3.7% over the same period last year. In the first 7 months of 2023, IIP was estimated to decrease by 0.7% compared to the same period last year. In particular, the processing and manufacturing industry decreased by 1%, electricity production and distribution increased by 1.4%, water supply industry, waste and wastewater management and treatment activities increased by 6.3%, and mining industry decreased by 1.2%.
As of July 1, 2023, the number of employees working in industrial enterprises increased by 0.9% over the same period last month and decreased by 3.9% over the same period last year.
In July, there were 13.7 thousand newly established enterprises, down 1.2% over the previous month and up 4.3% over the same period last year. Besides, there were more than 7,000 enterprises returning to operation, down 1% compared to the previous month and down 3.5% over the same period in 2022. There were 6,884 enterprises registered to suspend business for a definite time. 5,257 enterprises shut down and waited for dissolution procedures. There were 1,581 enterprises completing dissolution procedures.
In the first 7 months of 2023, there were 131.9 thousand enterprises registering for new establishment and returning to operation, down 1.4% over the same period last year. On average, there were 18.8 thousand enterprises newly established and re-operated per month. The number of enterprises withdrawing from the market was 113.3 thousand enterprises, an increase of 19.8% over the same period last year. This means that 16.2 thousand enterprises on average withdraw from the market every month.
Realized investment capital from the State budget in July was estimated at VND 58.5 trillion, up 28.4% over the same period last year. In the first seven months of 2023, the investment capital realized from the State budget was estimated at more than VND 291 trillion, equaling 41.3% of the year plan and increasing by 22.1% over the same period last year.
Total foreign investment capital registered in Vietnam as of July 20, 2023, including newly registered capital, adjusted registered capital and capital contribution and share purchase by foreign investors reached USD 16.24 billion, up 4.5% over the same period last year.
Realized foreign direct investment capital in Vietnam in the first seven months of 2023 was estimated at USD 11.58 billion, up 0.8% over the same period last year.
Total retail sales of consumer goods and services in July was estimated at VND 512.2 trillion, up 1.1% over the previous month and up 7.1% over the same period last year. In the first seven months of 2023, the total retail sales of consumer goods and services at current prices was estimated at VND 3,529.8 trillion, up 10.4% over the same period last year.
– Exports of goods
Export turnover of goods in July was estimated at USD 29.68 billion, up 0.8% over the previous month and down 3.5% over the same period last year. Generally, for the first seven months of 2023, export turnover of goods was estimated at USD 194.73 billion, down 10.6% over the same period last year.
Regarding the structure of goods export in the first 7 months of 2023, export value of processed industrial products was estimated at USD 171.5 billion, accounting for 88.1%.
– Imports of goods
The import turnover of goods in July was estimated at USD 27.53 billion, up 4.4% over the previous month and down 9.9% over the same period last year. Generally, for the first seven months of 2023, the import turnover of goods was estimated at USD 179.5 billion, down 17.1% over the same period last year.
Regarding the structure of goods import in the first 7 months of 2023, import value of production materials was estimated at USD 168.3 billion, accounting for 93.8%.
– Export and import market of goods: in the first 7 months of 2023, the United States was Vietnam's largest export market with an estimated turnover of USD 52.4 billion. China was the largest import market of Vietnam with an estimated turnover of USD 58.6 billion.
– Trade balance: it was estimated that in July there would be a trade surplus of USD 2.15 billion. In the first 7 months of 2023, the trade balance of goods is estimated to have a trade surplus of USD 15.23 billion.
The consumer price index (CPI) in July 2023 increased by 0.45% compared to the previous month. Compared to December 2022, July’s CPI increased by 1.13% and by 2.06% compared with the same period last year. On average in 7 months of 2023, CPI increased by 3.12% over the same
Gold price index in July 2023 decreased by 0.03% compared to the previous month; increased by 3.27% compared to December 2022; and increased by 3.39% over the same period last year.
US dollar price index in July 2023 increased by 0.53% compared to the previous month; down 1.71% compared to December 2022; and increased by 1.04% over the same period last year.
Source: GSO
Compiled by VietnamCredit
