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Updated · Bloomberg · May 3Vietnam inflation rises and trade deficit extends in April
9 articles · Updated · Bloomberg · May 3
- April marked the fourth straight monthly trade deficit as higher global energy prices linked to the Iran war pushed inflation above expectations.
- The conflict-driven rise in fuel costs fed into transport and broader input prices, while costlier raw materials helped drive imports higher.
- The data point to mounting external price pressure on Vietnam's economy as war-related commodity shocks weigh on trade and consumer prices.
Could this crippling supply crisis force Vietnam to accelerate its transition to renewable energy and self-reliance? Beyond Iran, what other global chokepoints pose a similar catastrophic risk to the world's economy? With naval escorts and massive oil reserves released, why is the global energy crisis still escalating?