HANOI — Vietnam’s exports in November rose 8.2 percent from a year earlier to $33.73 billion, led by shipments of electronics and garments, and industrial production rose 8.9 percent, government data showed on Friday.
Imports rose an annual 9.8 percent to $32.67 billion, the General Statistics Office (GSO) said in a report, leading to a trade surplus of $1.06 billion for November.
Vietnam is on track for faster economic growth this year, backed by strong exports and robust foreign investment inflows. In October, the prime minister said growth in 2024 would accelerate to 6.8 percent to 7.0 percent from an expansion of 5.05 percent last year.
Friday’s data showed consumer prices rose 2.77 percent in November from a year earlier. Average consumer prices rose 3.69 percent in the first 11 months of this year, lower than the government’s full-year target of 4.5 percent.
Retail sales in November rose 8.8 percent from a year earlier, the GSO added.
Foreign investment pledges to Vietnam in the first 11 months of this year reached $27.3 billion, led by investors from Singapore, South Korea and China, it added.
reuters
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