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HANOI : Vietnam reported a trade surplus of $2 billion in October, narrowing from the previous month as imports grew at a faster rate than exports, government data showed on Wednesday. The Southeast Asian country, a regional manufacturing hub, relies heavily on exports for its economic growth. Shipments abroad rose 10.
1 per cent in October from a year earlier, the General Statistics Office said, while imports increased by 13.6 per cent. For the January-October period, exports rose 14.
9 per cent from a year earlier to $335.586 billion, while imports were up 16.8 per cent to $312.
28 billion, the GSO said. Industrial production rose by 7.0 per cent in October from a year earlier, slower than 10.
8 per cent growth in September. Last month, the Prime Minister said the government wanted to drive economic growth above an expected rate of 6.8 per cent-7.
0 per cent this year. In the September quarter, annual growth hit a two-year high of 7.4 per cent.
The consumer price index rose 2.89 per cent in October from a year earlier, below the government's cap for 2024..
