Vietnam posts trade surplus of US$10.6 billion in 11 months amid CPI up 3.02%
VOV.VN - Vietnam recorded a trade surplus of US$10.6 billion during the past 11 months of the year, while the consumer price index (CPI) recorded annual growth of 3.02%, according to the socio-economic report published on November 29 by the General Statistics Office.
The total retail sales of consumer goods and services throughout the reviewed period soared by 14.9% compared to the same period from 2019, the year before the outbreak of the COVID-19 pandemic.
Furthermore, the export turnover of goods during the 11-month period surged by 13.4% to US$342.21 billion on-year, while the import turnover of goods stood at an estimated US$ 331.61 billion, up 10.1% against the same period from last year.
Moreover, the consumer price index (CPI) in November alone inched up by 0.39% from the previous month and recorded a rise of 4.37% on-year, thereby bringing the 11-month CPI up by 3.02% compared to last year's corresponding period.
Core inflation also edged up by 2.38%, lower than the average CPI of 3.02%, duly showing that changes in consumer prices were largely driven by fluctuations occurring in food and petrol prices.
Most notably, the disbursement of foreign direct investment (FDI) reached its highest figure over the past five years at an estimated US$19.68 billion, up 15.1% on-year.
The country had attracted nearly US$25.14 billion in FDI as of November 20, a decline of 5% against the same period from last year, while the country’s overseas investment reached US$474.1 million, down 30% on-year.
During the reviewed period, as many as 194,700 enterprises have been newly established or returned to operation, up 33.2% on-year, while the number of enterprises withdrawing from the market reached 132,300, a yearly rise of 24.3%.
