Vietnam’s January exports up 29.7% on year, industrial production up 21.5%

HANOI: Vietnam’s exports in January rose 29.7% from a year earlier to $43.19 billion, with industrial production also up by 21.5%, government data showed on Friday.

Imports over the month soared 49.2% from a year earlier to $44.97 billion, the National Statistics Office said, resulting in a trade deficit of $1.78 billion.

Consumer prices in the month rose 2.53% from a year earlier, the NSO added.

Vietnam’s retail sales in January were up 9.3% year on year, it said.

Foreign investment inflows in the month reached $1.68 billion, up 11.3% year on year.