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越南8月经济:“对等关税”后进出口放缓
Guotai Junan Securities·2025-09-26 11:27

Economic Performance - Vietnam's industrial output in August grew by 8.9% year-on-year, surpassing July's revised growth of 7.4% and the average growth of 8.5% for the first eight months of the year[4] - Retail sales in August reached approximately 588.2 trillion VND, reflecting a growth of about 10.6% compared to 2024, driven by economic stimulus activities and local celebrations[10] - The Consumer Price Index (CPI) in August increased by 3.24% year-on-year, consistent with the average level of 3.25% for the year[22] Trade and Investment - Vietnam's exports in August amounted to $43.4 billion, with a growth rate of 14.8%, down from the average growth of 15.6% for the year[18] - The country recorded a trade surplus of $3.7 billion in August, the highest monthly surplus for 2025, although lower than the same period in 2024[18] - Foreign direct investment (FDI) in August reached $2.05 billion, bringing the total for the year to $26.14 billion, a 27.4% increase compared to 2024[16] Tourism and Consumer Behavior - International tourist arrivals in August totaled 1.68 million, a year-on-year increase of 16.5%, but significantly lower than July's growth of 35.7%[15] - The retail sector's growth was primarily driven by the goods sector, which grew by 10.2% in August, while accommodation and food services saw a slowdown[10]