Vietnam exports post biggest monthly gain since January
by Bloomberg Jul 29, 2024
Vietnam’s exports rose at the fastest monthly pace since January, helped by a gradual recovery in global demand for goods.
Shipments increased 19.1% in July, the fifth consecutive monthly increase, data released by the General Statistics Office showed Monday. The gain is the biggest since January this year, when exports rose 42%. Imports climbed 24.7%, narrowing the trade surplus to $2.1 billion from $2.9 billion in June.
The latest figures underline the recovery in world trade, which has seen a steady run of gains this year as inflation recedes and borrowing costs begin to ease in the Eurozone and elsewhere.
The outlook is still clouded by risks, such as worsening conflicts in the Middle East and Europe and a delay in the anticipated easing of interest rates in the US.
Data also showed consumer prices rose 4.36% in July, slightly up from the 4.34% pace seen a month ago.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
December 2024 U.S. Transportation Sector Unemployment (4.3%) Was the Same As the December 2023 Level (4.3%) And Above the Pre-Pandemic December 2019 Level (2.8%)
View ArticleDP World appoints Jason Haith as Vice President of Freight Forwarding for U.S. and Mexico
DP World, a global leader in logistics and supply chain solutions, has announced the appointment of Jason Haith as Vice President, Commercial Freight Forwarding – U.S. and Mexico, effective immediately.…
View Article
Amaero secures final approval for $23.5M loan from Export-Import Bank
View ArticleU.S. Bureau of Labor Statistics employment situation
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in…
View ArticleImport Cargo to remain elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen…
View ArticleS&P Global: 2025 U.S. transportation infrastructure sector should see generally steady demand and growth
S&P Global Ratings today said it expects activity in the U.S. transportation sector will continue to normalize in 2025, with growth rates for most modes of transportation slowing to levels…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
