Vietnam’s trade surplus narrowed sharply to USD 577 mln in April from USD 1.64 bln in March, below expectations. Exports rose 19.8% YoY to USD 37.4 bln, led by strong increases in textile fibers, sports gear, and toys. Imports surged 22.9% YoY to USD 36.9 bln, driven by raw materials and production equipment. The narrowing surplus may reflect early effects of higher US tariffs.