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Vietnam CPI inflation 2.06% y-o-y in Jul-23

- Vietnam's CPI inflation in July 2023 witnessed a notable increase compared to the previous month, standing at 2.06% year-on-year.
- However, when considering historical trends, the current inflation rate remains relatively subdued, with both the one-year and long-run averages higher than the July figure.

Vietnam retail sales 10.37% y-o-y in Jul-23

- Vietnam's retail sales growth in July 2023 recorded a significant slowdown, reaching 10.37% year-on-year, compared to 10.92% in the previous period.
- The current growth rate is substantially below both the long-run average (by 4.55 percentage points) and the one-year average (by 5.82 percentage points), indicating a worrisome deviation from historical trends and raising concerns about the broader economic performance in Vietnam.

Vietnam PMI manufacturing 46.2 in Jun-23

- Vietnam's PMI manufacturing index improved to 46.2 in June 2023, marking its highest level since April 2023, indicating a mild contraction in the manufacturing sector.
- Despite the increase, the PMI remains below the threshold of 50, suggesting continued challenges for the manufacturing sector in Vietnam and a need for further recovery.

Vietnam retail sales 10.92% y-o-y in Jun-23

- Vietnam's retail sales in June 2023 grew at a year-on-year rate of 10.92%, marking a decline from the previous month's growth of 12.55% and the slowest pace of expansion since May 2022.
- The growth rate in June 2023 was 5.74 percentage points below the one-year average and 4.02 percentage points below the long-run average, indicating a notable deviation from typical retail sales growth in Vietnam.