Vietnam: Vietnam’s consumer prices saw a significant increase of 5.46 percent in April compared to the same month last year. This marks an acceleration from the 4.65 percent inflation rate recorded in March. The surge is attributed to rising energy costs influenced by the ongoing conflict in Iran.
According to Emirates News Agency, the Vietnam National Statistics Office reported that the inflation uptick was primarily driven by higher domestic gas prices, which aligned with global fuel price trends. Additionally, increasing material and transport costs contributed to higher prices for services and construction.
In April, Vietnam’s industrial production rose by 9.9 percent from the previous year, surpassing the 4.6 percent year-on-year growth seen in March. The country’s exports for April increased by 21 percent year-on-year, reaching $45.52 billion, while imports grew by 32.5 percent to $48.8 billion. Consequently, the trade deficit for April widened to $3.28 billion, up from $677 million in March.