Vietnam's growing export & retail industry boosts economic growth

According to the report, Vietnam's CPI index continued to cool down in May, only increasing by 3.2% over the same period last year, while the increase in April was 4.3%. One of the reasons why inflation remains under control is due to the prices of crude oil and transportation being reduced. Meanwhile the prices of food are stable. Although production and new orders have slowed down, Vietnam's exports have increased significantly, with an increase of 25% in May. In addition, the retail industry also saw positive growth, with total revenue of 90 billion USD in 2016. HSBC says that Vietnam has rapidly become the most important market for the retail sector due to its young population and increasing average income.