Vietnam’s consumer price index (CPI) rose 3.55 % while its foreign investment and import-export revenue fell 7.3% and 14.7% during January - May, respectively.
Vietnam’s CPI rose 3.12% in the January - July period, foreign direct investment rose 4.5% and foreign tourist arrivals rose 6.9-fold. The country posted a trade surplus of around 15.23 billion USD.
Vietnam’s total import-export turnover of goods hit 497.66 billion USD in the first nine months of this year, down 11 percent over the same period last year. Trade was in surplus to the tune of 21.68 billion USD.
Vietnam’s trade surplus hit a record 24.61 billion USD in the first 10 months of this year, 2.6-fold higher than the surplus of 9.56 billion USD posted in the same period of 2022.
Experts said Vietnam has the potential to achieve a GDP growth of 6-6.5% in 2024, driven by public investment, consumer spending, import-export recovery, and monetary policies.