Vietnam inflation accelerates in May, trade deficit widens

* For the ​January-May period, exports rose 19.5% from a year earlier to $215.66 billion, ⁠while imports were up 30.8% to $229.46 billion, leading to a $13.8 billion trade ⁠deficit. * Industrial ​production in May rose 8.8% from a year earlier, slower than April's 9.9% expansion, the NSO said.

Vietnam's inflation rate accelerated ​in May and its ​trade deficit widened ‌from April, data ​showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran ‌war.

The annual inflation rate came in at 5.6% in May, compared with 5.46% in April, the National Statistics Office said in a report. * Exports ‌in May rose 18% from a year earlier to $46.93 billion, while ‌imports were up 33.8% to $52.14 billion, resulting in a trade deficit of $5.21 billion, the NSO said. In April, the export-reliant nation posted a $3.28 billion deficit.

* The ⁠annual ​growth in exports ⁠in May was less than a 21% rise in April, while the pace ⁠of import growth edged up from a 32.5% rise in April. * For the ​January-May period, exports rose 19.5% from a year earlier to $215.66 billion, ⁠while imports were up 30.8% to $229.46 billion, leading to a $13.8 billion trade ⁠deficit.

* Industrial ​production in May rose 8.8% from a year earlier, slower than April's 9.9% expansion, the NSO said. * Retail sales in ⁠May rose 11.8% from a year earlier.

* Foreign investment inflows in the ⁠five-month period rose ⁠9.6% from a year earlier to $9.75 billion, compared with a 9.8% rise in the January-April period.