Vietnam inflation accelerates in May, trade deficit widens
CNA·
- In May, Vietnam's inflation rate accelerated to 5.6%, up from 5.46% in April, and the trade deficit widened to $5.21 billion from $3.28 billion in April.
- Exports grew by 18% year-on-year to $46.93 billion, while imports surged 33.8% to $52.14 billion, reflecting the impact of the ongoing Iran conflict on Southeast Asian economies.
- For the January to May period, exports increased by 19.5%, reaching $215.66 billion, and imports rose 30.8% to $229.46 billion, resulting in a total trade deficit of $13.8 billion.