Retail

Vietnam's CPI climbs 4.12% in Jan-July with $14.08 bn trade surplus

31 Jul '24

2 min read

Vietnam's CPI climbs 4.12% in Jan-July with $14.08 bn trade surplus

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Vietnam's consumer price index during January-July 2024 rose by 4.12 per cent YoY and 0.48 per cent MoM, while a trade surplus of $14.08 billion was recorded.
Exports rose by 15.7 per cent YoY to $226.98 billion and imports rose by 18.5 per cent YoY to $212.9 billion.
The country attracted FDI capital worth $18 billion in the period—a 10.9-per cent rise YoY.

Vietnam’s consumer price index (CPI) in the first seven months this year rose by 4.12 per cent year on year (YoY) and 0.48 per cent month on month (MoM), while a trade surplus of $14.08 billion was recorded, according to the general statistics office.

Exports rose by 15.7 per cent YoY to $226.98 billion during the period and imports increased by 18.5 per cent YoY to $212.9 billion.

Among the 11 main groups of consumer goods and services, 10 saw price hikes in July this year compared to the previous month. The CPI for transport recorded an increase of 4.4 per cent.

The July CPI rose by 4.36 per cent YoY and 0.48 per cent MoM.

Core inflation in July soared by 0.36 per cent MoM and 2.61 per cent YoY. On an average, the January-July core inflation grew by 2.73 per cent YoY, domestic media outlets reported.

The country attracted foreign direct investment (FDI) capital worth $18 billion during the first seven months this year—a 10.9-per cent rise YoY—out of which $10.76 billion was directed into newly-licensed projects (a 35.6-per cent YoY hike), $4.97 billion was directed into existing projects (a 19.4-per cent YoY hike) and $2.27 billion to share purchases (a 45.2-per cent YoY rise).

Fibre2Fashion News Desk (DS)

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