Vietnam’s annual inflation rate cooled to 2% in June, the lowest reading since February 2022, primarily due to a slowdown in food and transportation prices. Meanwhile, the country’s GDP grew 4.14% YoY in Q2 2023. In H1 2023, the economy expanded by 3.72% compared to the same period in 2022. Vietnam’s trade surplus rose to USD 2.59 billion in June, up from USD 0.61 bln in the same period a year earlier. The trade surplus for H1 2023 significantly widened to USD 12.25 bln, up from USD 1.2 bln. The government expects an economic expansion of approximately 6.5% this year, lower than the decade-high 8.02% reached in 2022.