Vietnam's exports surged 16% year-on-year in July to $42.27 billion, driven by buyers accelerating purchases to avoid a 20% tariff on Vietnamese goods imposed by the United States. Industrial production also rose 8.5% during the same period. The U.S. trade deficit with Vietnam reached a record high in June amid these developments. Concurrently, Vietnam's stock market has experienced a 22% rally this year, fueled by a boom in retail trading, a weaker U.S. dollar, optimism about the lowered U.S. tariff, and the potential for a market upgrade by FTSE Russell. Consumer prices in Vietnam increased by 3.19% in July compared to the previous year.