Vietnam February exports down 5%, industrial production down 6.8% y/y
HANOI: Vietnam's exports in February fell 5% from a year earlier to US$24.82 billion, while its industrial production index fell 6.8%, government data showed on Thursday (Feb 29).

Imports in the same month rose 1.8% from a year earlier to $23.72 billion, resulting in a trade surplus of $1.1 billion for the month, the General Statistics Office (GSO) said in a report.

The GSO did not provide a reason for the declines in exports and industrial production, but analysts said it was because of the week-long Lunar New Year holiday in the month. The holiday fell in January last year.

Consumer prices in February rose 3.98% from a year earlier, the GSO said, adding that retail sales in the month rose 8.5% from a year earlier. - Reuters
Vietnam,economy
HANOI: Vietnam's exports in February fell 5% from a year earlier to US$24.82 billion, while its industrial production index fell 6.8%, government data showed on Thursday (Feb 29).