HANOI: Vietnam's annual inflation rate edged up to 4.44 per cent in May, official data showed on Wednesday (May 29), nearing the government's target ceiling of 4.5 per cent for the year and a potential challenge to efforts to boost credit growth to drive activity.
HANOI: Vietnam's annual inflation rate edged up to 4.44 per cent in May, official data showed on Wednesday , nearing the government's target ceiling of 4.5 per cent for the year and a potential challenge to efforts to boost credit growth to drive activity.
The central bank, the State Bank of Vietnam, is aiming for credit growth of 15 per cent to help meet the growth goal, but banks have struggled to increase their lending this year. Other data released by the General Statistics Office on Wednesday showed exports are estimated to have risen 15.8 per cent in May from a year earlier to US$32.81 billion, led by shipments of electronics and smartphones
Shipments of smartphones in May are estimated to have risen 50.6 per cent from a year earlier to US$4.4 billion, while electronics exports rose 31.5 per cent to US$5.9 billion.
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