VOV.VN - Vietnam’s phones, components and computers faced an unprecedented decline in export orders between the fourth quarter of last year and the first half of this year due to high inflation coupled with an economic downturn in major markets, according to details given by the Ministry of Industry and Trade.

VOV.VN - Vietnamese tuna exports to Israel during the initial five months of the year skyrocketed by 83% to nearly US$21 million despite experiencing a downward trajectory in some major markets throughout the Middle East, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnam exported approximately 766,000 tonnes of rubber worth US$1.05 billion in the first six months of 2023, down 2.6% in volume and down 22.9% in value against the same period last year, according to the General Department of Vietnam Customs.

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.

Several measures have been recommended to help Vietnamese exporters cope with dwindling demand in many markets around the world.

An 20.8% increase in the base salary for civil servants, public employees, and members of the armed forces from July 1 will lead to rises in prices of other goods and services, which may put a pressure on curbing 2023’s inflation, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.

VOV.VN - The General Statistics Office of Vietnam (GSO) announced on May 29 that the first half of 2023 saw the consumer price index (CPI) rise by 3.29% and core inflation grow by 4.74% from the same period last year.

Many reputable international organisations have shown their optimism about Vietnamese economic outlook, predicting that the country can complete its GDP growth target of 6.5% this year.

VOV.VN - Despite enduring high global inflation, Vietnam’s seafood exports are anticipated to recover ahead in the remaining months of the year, according to figures given by VNDIRECT Securities Corporation.