A Vietnamese technical delegation scheduled to visit the US in early May for trade discussions
The early start of negotiations signals that Vietnam is among a group of countries prioritized by the U.S
Topic: May
Vietnam - US trade talks scheduled to begin on May 1
The early start of negotiations signals that Vietnam is among a group of countries prioritized by the U.S
Vehicles imports up in May
Indonesia took the lead in terms of vehicle number exported to Vietnam.
Auto sales in May recorded a month-on-month increase of 6%
Among top ten brands in terms of sold vehicles, 4 belong to Toyota.
Sales of locally-assembled vehicles up just 1% in May
According to the Vietnam Automobile Manufacturers Association (VAMA), sales of locally-assembled vehicles in May rose just 1 per cent compared to April, while sales of imported completely-built-unit (CBU) vehicles rose 7 per cent. Of note, May was the last month locally-assembled and manufactured vehicles were subject to a 50 per cent reduction on registration fees.
May CPI at 0.38%
According to the General Statistics Office, increases in food and gasoline prices pushed up the CPI in May by 0.38 per cent compared to April. The CPI in the first five months of the year rose 2.25 per cent year-on-year. Core inflation in May was 0.29 per cent month-on-month. There are concerns that Vietnam’s economy will face inflationary pressure into the future.