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Vietnam May trade deficit seen at $2 billion; CPI up 2.9%

Vietnam May trade deficit seen at $2 billion; CPI up 2.9%

Sunday, May 30, 2021, 19:44 GMT+7
Vietnam May trade deficit seen at $2 billion; CPI up 2.9%
A man works at a garment assembly line of Thanh Cong textile, garment, investment and trading company in Ho Chi Minh City, Vietnam July 9, 2019. Photo: Reuters

HANOI - Vietnam estimated a trade deficit of $2 billion for May, while consumer prices in the month rose 2.9% from a year earlier, government data showed on Saturday.

Exports in May likely rose 35.6% from a year earlier to $26 billion, while imports likely increased 56.4% to $28 billion, the General Statistics Office said.

For the first five months of this year, exports likely increased 30.7% to $130.9 billion, and imports rose 36.4% to $131.31 billion, resulting in a trade deficit of $369 million, the office said.

Vietnam's consumer prices in May rose 2.9% from a year earlier, and edged up by 0.16% from April, the GSO said. Average consumer prices in the first five months of this year rose 1.29% from a year earlier.

Reuters

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