Economic prosperity in 5 months

Accordingly, the manufacturing and processing industry is still the growth engine, reaching an increase of 12.1%. This is also an outstanding increase compared to the average of the first months of the year.

Total retail sales of consumer goods and services in May also increased by 22.6% over the same period, reaching an even higher increase compared to the same period in previous years before the COVID-19 epidemic.

Among them, it is worth noting International visitors to Vietnam in May reached 172.9 thousand arrivals, an increase of 70.6% over the previous month and an increase of 12.8 times over the same period last year.

On average, every month since the beginning of this year, there have been 19.7 thousand newly established enterprises and returned to operation, up 25.8% over the same period last year, higher than the number of enterprises withdrawing from the market.

Capital Foreign Direct Investment The first 5 months of the year reached 7.71 billion USD, up 7.8% over the same period. Regarding budget revenue, the first 5 months of the year reached 57.1% of the yearly estimate and increased by 18.7% over the same period last year.

Regarding inflation, on average in the first 5 months of 2022, CPI increased by 2.25% over the same period last year. This figure, although higher than the increase of the first 5 months of last year, is still lower than the increase of the first 5 months of 2017 – 2020.

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