According to information from the General Statistics Office, total retail sales of goods and consumer service revenue in January 2024 is estimated to reach VND 524.1 trillion, an increase of 1.6% over the previous month and an increase of 8.1% compared to the same period last year (same period in 2023 increased by 13.3%), if excluding the price factor, an increase of 5.8% is recorded (same period in 2023 increased by 9.1%).

Export turnover of goods in January 2024 is estimated to reach USD 33.57 billion, an increase of 6.7% over the previous month and an increase of 42% over the same period last year. Regarding the structure of exported goods in January 2024, the group of processed industrial goods is estimated to reach USD 29.48 billion, accounting for 87.8%.

Imports of goods in January 2024 are estimated at USD 30.65 billion, an increase of 4.2% over the previous month and an increase of 33.3% over the same period last year. Regarding the structure of imported goods in January 2024, the group of production materials reached USD 28.84 billion, accounting for 94.1%.

Regarding the import and export market of goods in January 2024, the United States is Vietnam's largest export market with an estimated turnover of USD 9.6 billion. China is Vietnam's largest import market with an estimated turnover of USD 10.9 billion.

The trade balance of goods in January 2024 is estimated at a trade surplus of USD 2.92 billion. Of which, the domestic economic sector had a trade deficit of USD 2.12 billion; The foreign invested sector (including crude oil) had a trade surplus of USD 5.04 billion.

The consumer price index (CPI) in January 2024 increased by 0.31% compared to the previous month. Compared to the same period in 2023, January CPI increased by 3.37%; Core inflation in January 2024 increased by 2.72%.

Gold price index in January 2024 increased by 2.55% compared to December 2023 and increased by 15.43% over the same period last year.

The US dollar price index in January 2024 increased by 0.52% compared to December 2023 and increased by 3.69% over the same period last year.

Passenger transport in January 2024 is estimated to reach 392.7 million passengers, increased by 3% over the previous month and increased by 5.5% over the same period last year.

Freight transport in January 2024 is estimated to reach 205 million tons of transported goods, an increase of 1.8% over the previous month and an increase of 11.5% over the same period last year.

Tourism promotion policies are widely implemented and Vietnam is always a safe destination, therefore international visitors to Vietnam in January 2024 reached more than 1.5 million people, an increase of 10.3% compared to compared to the previous month and an increase of 73.6% over the same period last year.

Kylie Nguyen