Trade
Vietnam Exports Post Longest Stretch of Declines Since 2009
- Economy at risk of missing GDP growth target for 2023
- Central bank told to improve loan access for businesses
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Vietnam’s exports fell for a fifth consecutive month in July in their longest slump in 14 years, putting the trade-reliant economy at risk of missing its growth target.
Exports dropped 3.5% this month, while imports declined 9.9%, data released by the General Statistics Office on Saturday showed. Economists surveyed by Bloomberg predicted a 6% drop in overseas shipments, and 13.1% slide in imports.