REPORT The socio – economic situation in May and the first five months of 2019

06/06/2019

REPORT
The socio – economic situation in May and the first five months of 2019

 1. Agricultural, forestry and fishery production

1.1. Agriculture

- Cultivation: According to preliminary data, the total cultivated area of the annual winter-spring crop in 2019 reached 54,407 hectares, down 5.32% compared to the same period last year. The rest of planting is mainly decreased. Specifically, rice reached 30,151 ha, down 2.76% over the same period; maize9,536 ha, down 23.96%; sweet potato 2,010 ha, down 1.79%; soybean 990 ha, down 10.23%; peanut1,899 hectares, down 2.09%; vegetables of 6,845 hectares, up 1.67% over the same period ... Currently, most of the rice area is in the period of seeding, making green; Some areas of early spring rice have matured and are being harvested.

The rice productivity was estimated at 62.72 quintals / ha, although it decreased by 0.51% over the same period but it was still the crop that continued the harvest, the yield was estimated at 189,092 tons, down 3.26% over the same period; corn reached 46.94 quintals / ha, up 4.01%, production is estimated at 44,764 tons, down 20.9%; sweet potato was estimated at 114.09 quintals / ha, up 7.04%, the yield was estimated at 22,929 tons, up 5.13%; soybean reached 20.17 quintals / ha, up 5.05%, the yield is estimated at 1,996 tons, down 5.7%; peanuts reach 21.53 quintals / ha, an increase of 4.33%, the yield is estimated at 4,087 tons , increased by 2.13%; vegetables of all kinds were estimated at 231.52 quintals / ha, up 5.68%, the yield was estimated at 155,519 tons, up 7.63% over the same period in 2018 ...

- Animal husbandry:

 The breeding situation in the area continues to face difficulties due to the low price of livestock products, slow consumption, the situation of African swine fever. complicated, tends to spread quickly ... Although the prevention and control of epidemic has been fiercely carried out by all levels and sectors, synchronous measures have been taken to prevent the spread of the epidemic. However, the number of small pig breeding households in the province still accounts for a large proportion of the total number of households raising pigs, many households are still subjective, neglect to have good hygiene, disinfection, prevention and control. Translation according to the guidance of specialized agencies, the epidemic tends to spread. As of May 23, 2019, in the province of the epidemic that occurred in 9/9 districts and cities. drastically and synchronously measures to prevent and control preventive control in the province and restructure the herd of pigs at the present time. In which, propagating and recommending to farmers to increase care, nurture, prevent and promote slaughtering when pigs reach the slaughter age; do not increase the size, the number of heads per child during the period of the epidemic in the area, the re-herd must follow the instructions of the Department of Agriculture and Rural Development. In the month, functional units completed vaccination for cattle and poultry and sprayed disinfectant for farm and livestock environment in the first phase of 2019 as planned. to prevent and stop the trade and transport of cattle and poultry, and non-quarantined cattle and poultry products of functional agencies, continue to be strengthened and strictly implemented.

1.2. Forestry

In May, rainy weather is more favorable for forestry production, especially for concentrated planting and tending. The preparation of a new plantation site according to the plan is being urgently carried out by forestry production units. Up to now, the whole province has planted 315 newly planted concentrated forests, up 3.11% over the same period and reaching 45% of the year plan; the number of dispersed planted trees is 900 thousand; timber production exploited in month is estimated at 2,850 m3, an increase of 3.61%; firewood production was estimated at 6,320 ste, up 0.95% over the same period.

1.3. Aquatic products

Fishery production in the month was stable. The area of ​​aquaculture is estimated at 5,308 hectares, up 0.2% over the same period last year, of which the area is mainly fish raising with 5,305.5 hectares. increased by 6.6% over the same period. Generally, in the first 5 months of the year, aquaculture production reached 8,096 tons, up 5.1% compared to the same period in 2018.

2. Industrial production

2.1 Production index

The index of industrial production in the province in May increased by 2.6% over the previous month and by 12.31% over the same period last year. By economic sector level I, the industries increased and decreased respectively over the previous month and the same period as follows: mining industry increased by 2.37% and decreased by 5.58%; processing and manufacturing industry increased by 2.61% and increased by 12.35%; production, distribution of electricity, gas, hot water, steam and air conditioning increased by 2.64% and by 16.84%; water supply, management and waste treatment increased 0.69% over the previous month and 5.42% over the same period last year.

Generally, in the first 5 months, the index of industrial production increased by 12.06% over the same period last year, lower than the increase of 15.91% in the first 5 months of 2018 but higher than the increase of 11.11% in the first 5 months of 2017. In secondary industries, some industries have a high growth rate in the first five months of 2019 compared to the same period last year, contributing positively to the overall growth of the whole industry: Components manufacturing electronics continued to lead with an increase of 45.12%; production of chemicals and chemical products increased by 44.65%; wood and bamboo processing industry increased by 41.03%; metal manufacturing increased by 27.12%; Non-metal mineral products increased by 19.66 .... However, there are still 9/24 secondary industries of the province with a decrease in the production index compared to the same period last year. In particular, the motor vehicle manufacturing industry decreased by 6.15% in the first months of the year, the increase of imported vehicles, domestic assembled vehicles did not occupy a high market share in the total consumed cars, leading to production volume decreased; the means of transport industry decreased by 9.77% due to the decline in market demand; water supply, management and waste treatment decreased by 4.55%; rubber and plastic products decreased by 4.05% ...

2.2. Main industrial products

The production volume of some major industrial products in May increased compared to the previous month. Specifically: Animal feed is estimated at 22,845 tons, up 1.85% over the previous month; assorted clothes of 6,058 thousand pieces, up 4.40%; sports shoes585 thousand pairs, up 1.64%; tiles 12,703 thousand m2, an increase of 4.34%; air conditioner 2,896 pieces, up 1.37%; cars of all kinds were 5,094, up 4.60%; motorbikes of all kinds 145,552 units, an increase of 1.92% ... Generally for the first 5 months of the year, a number of products with a fair increase over the same period such as sports shoes reached 2,764 thousand pairs, up 24.45% ; 58,153 thousand m2 of tiles, up 19.66%; air conditioners 9,857 units, an increase of 24.08% ... Meanwhile, some products have a decrease in production volume over the same period such as: cars of all kinds in the first 5 months reached 24,012 units, down 6. , 15%; all types of motorbikes reached 724,411 units, down 9.77% over the same period in 2018 ...

2.3. Labor usage index

The labor employment index in industrial enterprises in May increased by 1.06% over the previous month and increased by 0.29% over the same period. The number of employees in businesses is relatively stable. Most industries have an increase in the labor index compared to the previous month. By type, State-owned enterprises have a decrease in the labor use index, while non-state enterprises and foreign-invested enterprises have increase indexes.

2.4. Consumption, inventory index

Consumption index for the whole manufacturing in May increased by 4.06% over the previous month and by 2.66% over the same period. In the summer, the demand for installing air conditioners, fans, cooling equipment increased, so the consumption index of electrical equipment manufacturing and other machinery and equipment manufacturing industry increased significantly: electricity increased by 3.33% over the previous month and by 68.38% over the same period; respectively, the electrical equipment manufacturing industry and other machinery and equipment manufacturing industries have not been classified yet, up by 2.76% and 37.52%. In advance (April consumption index decreased by 10.96% compared to the previous month and by 8.18% over the same period), manufacturers introduced big preferential policies in May to compete with imported goods, therefore, the consumption index of the industry in May is expected to increase by 5.2% over the previous month, but still decreases by 5.46% over the same period.

Inventory index of the whole manufacturing in May decreased by 6.76% compared to the previous month. Some industries saw decreased inventory index such as manufacturing of means of transport, down 26.74%; leather manufacturing and related products, down 5.87% ... However, compared to the same period last year, the inventory index of the whole processing and manufacturing industry increased to 30.88%.

3. Investment and construction

In May, key projects and projects in the province continued to be focused on solving difficulties and obstacles, speeding up the process of settling procedures and projects. . Therefore, the total implemented investment capital under the State budget capital under the management of the localities in a month is maintained stably and securely. It is expected that the total investment capital under the state budget capital under local management in May will reach VND 460.2 billion, up 5.29% over the same period last year. In particular, implemented by the state budget capital of the province is 301.1 billion, up 3.66%; district budget capital is 123.7 billion dong, up 10.26%; commune budget capital is 35.3 billion dong, increasing by 2.86% over the same period. For the first 5 months of the year, total investment capital under the state budget capital under local management reached VND 2,159.4 billion, up 2.83% over the same period and reached 34.65% of the capital allocation plan in the beginning of the year.

4. Trade, services and prices

4.1. Total retail sales of consumer goods and services

The business situation of commerce and services in the province in the month was stable, the results of goods and services circulation met the demand for production and consumption of the population. revenue from consumer services in May was estimated at VND 4,450.2 billion, up 4.42% over the previous month and up 12.49% over the same period in 2018, of which, retail sales of goods reached VND 3,845 billion. , up 13.06%; accommodation and food services revenue reached VND 337.8 billion, up 6.83%; tourism tourism revenue reached 9.1 billion, up 12.24%; Other service revenue reached VND 258.1 billion, up 11.99% over the same period last year. In the month, a number of commodity groups accounting for a large proportion of the total retail sales continued to have good growth such as food and foodstuff, accounting for 21.6% of the total, up 14.07% over the same period; wood and construction materials, accounting for 32.5%, up 13.82%; other commodity groups, accounting for 12%, up 18.94% ...

For the first 5 months of the year, total retail sales of consumer goods and services were estimated at 20,977 billion VND, up 9.89% over the same period last year. copper, up 9.24%; non-state economy reached 4,047.5 billion dong, up 20.77%; Foreign-invested economy reached VND 257.9 billion, up 10.64% over the same period.

4.2. Passengers and goods transportation

Expectedly in May, the volume of carriage of passengers reached 2,126 thousand people, up 0.9% over the previous month and up 9.74% over the same period last year; turnover of passengers reached 142 million people.km, compared with the previous month and the same period last year increased by 0.90% and 7.59% respectively. Freight transport reached 2,733 thousand tons, up 0.27% over the previous month. and increased by 5.44% over the same period; cargo turnover reached 202 million tons, rising by 6.08% over the previous month, rising by 6.08% over the same period last year.

Generally, in the first 5 months, passenger carriage was 10,671 thousand people, up 4.72%; rotation of passengers was 705 million people, up 4.95% over the same period; cargo carriage reached 13,626 thousand tons, up 7.21%; goods carriage reached 1,024 million tons.km, up 6.93% over the same period.

Total transport revenue in May was estimated at 364.6 billion dong, up 0.64% over the previous month and up 11.54% over the same period. In particular, passenger transport reached VND 81.3 billion, up 11.79%; cargo transportation was 271.5 billion dong, up 11.23% over the same period. For the first 5 months, total transport revenue is 1,794 billion dong, up by 9.14% over the same period.

4.3. Price index

Gasoline prices, electricity prices simultaneously increased, the development of African swine cholera were factors that directly affected the consumer price index (CPI) in the month; However, the consistent policy of flexible monetary policy to maintain the Government's goal of stabilizing the macro-economy contributes to curbing inflation. CPI in the province in May decreased by 0.11% compared to the previous month, increasing 0.91% over the same period and up 0.87% over December last year. Generally, in the first 5 months, CPI increased by 1.54% over the same period, this is the average increase in the first 5 months of the year in the lowest 3 recent years (in 2017 increased by 3.86%; in 2018 increased by 3.99 %).

Among 11 major commodity groups, there are 2 groups recording an increase from the previous month: Transport increased by 2.91% due to the petrol price adjustment of Vietnam Oil and Gas Group on 02/5 and 17/5/2019; housing, electricity, fuel and construction materials increased by 1.02%, of which, the price index of electricity and water increased by 3.04% and 0.21%, respectively, compared to the previous month; As a result, prices of goods in construction materials have increased. During the month, there were 3 groups of goods with a decrease index: Food and catering services, which decreased by 1.56% due to photo the impact of African swine cholera causes anxiety, limiting the consumption of pork and meat products, making pork prices fall by 8.23%, animal offal by 6.17%; culture, entertainment and tourism group decreased by 0.13%; group of other goods and services decreased by 0.01%. The remaining groups are relatively stable prices.

Gold prices in the province decreased slightly, the price index in the month decreased by 0.08% over the previous month, the average gold price on the free market was 3,563 thousand VND. The average price of USD in May increased by 0.34% over the previous month, the common average selling price was VND 22,607 / USD.

5. Finance, banking and insurance

5.1. Situation of State budget revenue and expenditure

In May, state budget revenues in the province continued to maintain a satisfactory progress, budget expenditures promptly met the requirements of development investment, debt payment, assurance of national defense, security and operations of State budget. The total budget revenue in the province as of May 20, 2019 reached 12,424 billion dong, as 44.7% of the estimate. In which, domestic revenue was 10,926 billion dong, as 45.07% of the estimate; revenue from import-export activities reached 1,474 billion dong, equal to 41.53% of the estimate. In domestic revenue, some revenues accounted for a large proportion and achieved good rates such as: Income from foreign-invested enterprises reached 7,668 billion dong, as 38.63% of the estimate; revenue from personal income tax reached 367 billion dong, as 51.73% of the estimate; revenue from real estate reached VND 1,648 billion, equal to 241% of the estimate ...

Total state budget expenditure in the province as of May 20, 2019 reached VND 6,577 billion, equal to 38.96% of the yearly estimate, of which regular expenditures reached VND 3,248 billion, equal to 36.89%; expenditure for development investment was VND 3,299 billion, equal to 53.95% of the yearly estimate.

5.2. Banking and credit activities

In May, the interest rate level of credit institutions was maintained stably. Deposit rates are popular at 4.5-7.3% / year for deposits with a term of 1 month or more. Lending interest rate for priority fields is 6-9% / year; normal production and business sectors are at 6.8-10.5% / year.

The total mobilized capital is estimated to reach VND 75,120 billion as of May 31, 2019, an increase of 8.85% compared to the end of 2018. Of which, deposits of economic organizations were VND 30,995 billion, an increase of 9.73%; savings was VND 43,380 billion, up 8.36%; Issuing valuable papers was VND 745 billion, down 1.64% compared to the end of 2018. Total outstanding loans are expected to reach VND 70,350 billion by May 31, 2019, an increase of 4.59% compared to the end of 2018. In which, short-term loans reached 44,870 billion dong, up 5.22%, accounting for 63.78% of total loans; medium and long-term loans reached VND 25,480 billion, up 3.51% compared to the end of 2018; accounting for 36.22% of total loans.

Credit institutions in the area continue to implement measures to handle bad debts in order to control bad debts at a safe level. Strictly abide by the regulations on credit extension, operational safety, debt restructuring in order to limit arising bad debts and improve credit quality. By the end of May 2019, bad debts were estimated at VND 720 billion, accounting for 1.02% of the total outstanding loans.

5.3. Insurance

The result of social insurance revenue in May was estimated at 409 billion dong, accumulated until the end of May reached 1,791 billion dong, up 16% as compared to the same period in 2018 and reaching 40% compared to the assigned plan. In which, compulsory social insurance revenue was VND 1,203.4 billion, voluntary social insurance revenue was VND 11.1 billion, unemployment insurance revenue was VND 91.7 billion, health insurance gained 474.6 billion ...

During the month, Vinh Phuc Social Insurance made correct, adequate and timely payments to beneficiaries of social insurance and health insurance with the total amount of VND 307 billion (of which: Social insurance expenditure was 224.4 billion dong, health insurance expenditure was 101.4 billion dong. Specifically: settling monthly social insurance benefits for 56 people; settling one-time social insurance benefits for 551 people; solve sickness, maternity, convalesce for 2,206 turns of people; settled for 586 turns of people enjoying unemployment insurance.

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