The country’s trade turnover during January-February topped some US$95.81 billion, a year-on-year surge of 25.4%. Of the total, exports amounted to US$48.55 billion, a yearly hike of 23.2%, while imports were estimated at US$47.26 billion, or 25.9% higher than the same time last year. Foreign-invested companies accounted for 76.4%, or US$37.07 billion, of Vietnam’s total export turnover. Meanwhile, the domestic sector shipped abroad US$11.48 billion worth of products. There were nine commodities joining the billion-USD export club, including telephones and parts (US$9.3 billion, up 22.8% year-on-year); electronics, computers and parts (US$6.9 billion, up 27.3%); equipment, machines and parts (US$5.5 billion, up 72.6%); footwear (US$3.2 billion, up 15.4%); and wood and wooden products (US$2.4 billion, up 51%). They made up 73% of the country’s export turnover. Vietnam also saw strong surge in shipments of several agricultural products, such as fruits and vegetables (US$610 … [Read more...] about Vietnam racks up US$1.29 billion in trade surplus in two months
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CPI in February highest in 8 years
This is the highest February CPI growth recorded in the last eight years. However, the index in the first two months decreased 0.14% year-on-year. Compared to the previous month, an upturn was seen in the prices of ten out of 11 main groups of goods and services, with housing and construction materials taking the lead (4%). It was followed by food and catering services (1.61%); transport (1.55%); drinking and tobacco (0.9%); garment and textile, headwear and footwear (0.25%). The price of education services remained stable compared to the previous month. The GSO’s Price Statistics Department explained that the CPI in February saw a strong rise due to the higher demand for food and foodstuffs for the Lunar New Year (Tet) festival. The prices of medicine and medical supplies in January-February increased by 0.88% compared to the same period last year, the price of gas in the month climbed 3.05% year-on-year. There were a number of reasons for the decrease in CPI in the last … [Read more...] about CPI in February highest in 8 years