Agro-forestry-aquatic product exports were estimated at 20.26 billion USD in the first five months of 2023, down 11.1% year on year, according to the Ministry of Agriculture and Rural Development (MARD).
Amid the slowing down of the global investment flows, experts held that improving both quality and number of foreign investment projects is a heavy task for Vietnam.
The General Statistics Office reported a 2.2 percent increase in Vietnam's Index of Industrial Production in May compared to April and 0.1 percent year-over-year.
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Vietnam recorded a trade surplus of $2.24 billion in May and a total of $ 9.8 billion in the first five months of 2023, according to the General Statistics Office.
The consumer price index (CPI) for May increased by 0.01% month over month, according to the General Statistics Office (GSO), mostly as a result of higher costs for food, energy, and water.
The SBV last week cut its policy rates for the third time this year to prop up economic growth. The bank cut its refinance rates from 5.5 to 5.0 per cent.
Vietnam will not change its 6.5% target for annual gross domestic product growth, Deputy Prime Minister Tran Luu Quang told Nikkei's Future of Asia forum, despite pressure from higher global interest rates.
Import turnover of two main groups of goods phones and components; computers, electronic products, and components in the first half of May decreased by $10 billion over the same period last year.
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