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.New growth potential unlocked for Vietnamese economy
Vietnam News·- The implementation of Politburo Resolution No. 68 has begun to yield significant momentum in policy reform and reshaping private sector mindsets in Vietnam. - Prime Minister Pham Minh Chinh emphasized the need for ongoing administrative simplification and responsiveness to real demands to stimulate growth. - Although confidence in the private sector has risen, experts warn that substantial growth depends on the effectiveness of reforms, especially in reducing compliance costs and improving implementation mechanisms.Customs cut procedures to ease trade bottlenecks
Vietnam News·- Vietnamese customs authorities are eliminating a range of complex administrative procedures to expedite clearance and support the business community. - The measures include a comprehensive review of customs processes and a shift towards digital data usage, allowing identity verification without paper documents. - These reforms are expected to invigorate Vietnam's import-export sector, enhance the country's competitiveness, and increase its appeal to global investors.State Treasury deposits nearly $21.3 billion in banks
Vietnam News·- As of the end of Q1 2026, Vietnam's Finance Ministry deposited over 650 trillion VND (21.3 billion USD) in state-owned commercial banks, reflecting a 39% increase from the end of 2025. - The deposits serve as a low-cost funding source for banks, enhancing liquidity ratios and reducing reliance on retail funding during tight monetary policy periods. - However, the nature of public funds is linked to budget timing, leading to potential volatility and necessitating careful liquidity management by banks.Việt Nam posts $7.11 billion trade deficit in four months
Vietnam News·- According to data from Vietnam's General Statistics Office, the country recorded a trade deficit of 7.11 billion USD in the first four months of 2026. - During this period, total trade reached an estimated 344.17 billion USD, with exports growing by 19.7% and imports surging by 28.7%. - April's export and import values were estimated at 45.52 billion USD and 48.8 billion USD respectively, indicating a deficit of 3.28 billion USD for the month.