Vietnam inflation accelerates in May, trade deficit widens
* For the January-May period, exports rose 19.5% from a year earlier to $215.66 billion, while imports were up 30.8% to $229.46 billion, leading to a $13.8 billion trade deficit. * Industrial production in May rose 8.8% from a year earlier, slower than April's 9.9% expansion, the NSO said.
Vietnam's inflation rate accelerated in May and its trade deficit widened from April, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.
The annual inflation rate came in at 5.6% in May, compared with 5.46% in April, the National Statistics Office said in a report. * Exports in May rose 18% from a year earlier to $46.93 billion, while imports were up 33.8% to $52.14 billion, resulting in a trade deficit of $5.21 billion, the NSO said. In April, the export-reliant nation posted a $3.28 billion deficit.
* The annual growth in exports in May was less than a 21% rise in April, while the pace of import growth edged up from a 32.5% rise in April. * For the January-May period, exports rose 19.5% from a year earlier to $215.66 billion, while imports were up 30.8% to $229.46 billion, leading to a $13.8 billion trade deficit.
* Industrial production in May rose 8.8% from a year earlier, slower than April's 9.9% expansion, the NSO said. * Retail sales in May rose 11.8% from a year earlier.
* Foreign investment inflows in the five-month period rose 9.6% from a year earlier to $9.75 billion, compared with a 9.8% rise in the January-April period.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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