Vietnam’s exports grew by 17% year-on-year in May, reaching $39.6 billion, according to government data released Friday.
Imports also increased by 14.1% to $39 billion, resulting in a trade surplus of $560 million for the month. This growth comes as the country’s industrial hub ramps up shipments ahead of possible U.S. tariffs.
The government had earlier reported a 14% rise in exports for May. However, Vietnam faces a potential 46% “reciprocal” tariff from the U.S. if trade negotiations fail before a pause on these levies ends in July. Such tariffs could threaten Vietnam’s export-driven economy, especially its trade with the United States, its largest market.
In addition to trade figures, consumer prices rose 3.24% compared to last year. Industrial production increased 9.4%, while retail sales grew by 10.2%. Foreign investment inflows from January to May rose 7.9% to $8.9 billion, with investment pledges surging 51.2% to $18.4 billion.
