Vietnam: Vietnam's consumer prices rose 5.46% in April from the same month last year, accelerating from 4.65% in March, fueled by higher energy costs due to the Iran war.
According to Qatar News Agency, the quickening of inflation was attributed to higher domestic gas prices in line with global fuel prices, as reported by Vietnam's National Statistics Office. Rising material and transport costs also contributed to the increase in prices for services and construction.
April saw a rise in industrial production by 9.9% from a year earlier, surpassing March's 4.6% year-on-year expansion. Additionally, April exports increased by 21% year-on-year to $45.52 billion, while imports surged by 32.5% to $48.8 billion, as per the statistics office.
Consequently, April's trade deficit widened significantly to $3.28 billion, compared to $677 million in March.