WB: Vietnam’s economy recovers well despite global economic uncertainties
(VOVWORLD) - Vietnam’s economic recovery continues despite heightened economic uncertainties and weakening economic growth in main trade partners.
 (Photo: tapchitaichinh.vn) |
According to the September edition of the World Bank’s monthly Vietnam Macro Monitoring, industrial production continued to expand with its index increasing by 15.6%. Retail sales increased by more than 50% in August. The most dynamic sub-sectors included electronics and transport equipment.
Travel also soared, approaching its pre-pandemic level. Sales of goods maintained a strong growth of nearly 32% year on year.
FDI disbursement continued apace in August, up nearly 14% year on year, marking a nine-month rising trend.
Meanwhile, CPI inflation moderated from 3.1% year on year in July to 2.9% in August thanks to softening fuel prices.