Trade War Winner Vietnam Sees Exports Drop For Sixth Month
- Exports contracted 7.6% in August after 3.5% drop in July
- Consumer prices rose at the fastest pace in five months
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Vietnam’s exports fell for a sixth straight month in August, extending the longest plunge since 2009 amid softer global demand for goods and China’s worsening economic outlook.
Exports declined 7.6% this month from a year earlier, data released by the General Statistics Office showed Tuesday. While smaller than the 9.5% drop seen by economists in a Bloomberg survey, the print adds to the grim sentiment.
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Trade War Winner Vietnam Sees Exports Drop For Sixth Month