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07June
2024

Retail sales, services revenue rises 8.7% in 5 months

Retail sales and services revenue during January-May increased by 8.7% year-on-year to over VND2.58 quadrillion (US$101.3 billion), according to the General Statistics Office. Revenue from retail sales of goods was estimated at more than VND1.99 quadrillion, accounting for 77.5% of the total and up 7.4% from the same period last …

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07June
2024

Vietnam factory activity improves for second straight month: S&P Global

The Vietnam Manufacturing Purchasing Managers’ Index (PMI) remained unchanged at 50.3 in May, signaling another marginal monthly improvement in business conditions in the sector, S&P Global said in its monthly report. New orders increased solidly again in May, as strengthening demand helped firms to secure new customers. However, the rate …

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07June
2024

Over 98,800 enterprises join, re-enter market in five months

A total of 98,825 enterprises were established or resumed operations in the first five months of 2024, up 4.1% over the same period of last year and 1.2 times higher than the average in the 2019-2023 period, according to the Department for Business Registration Management under the Ministry of Planning …

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07June
2024

Vietnam’s industrial production surges in five months

The country’s industrial production index (IIP) is continuing its positive growth pace with an increase of 3.9% over April and 8.9% compared to the same period last year, according to the General Statistics Office (GSO).   The GSO said the IIP in the first five months soared 6.8% year-on-year. The …

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07June
2024

CPI in May rises 0.05%

Rising prices for pork and household electricty the main contributors. The consumer price index (CPI) in May increased 0.05% against April, the General Statistics Office (GSO) announced on May 29. The increase was mainly driven by rising prices for pork as a result of the supply shortage after the African …

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