A recent increase in the average retail electricity tariff along with rising world oil prices has allegedly resulted in a 0.49 per cent hike in the country’s consumer price index (CPI) in May. SEE MORE Vietnam’s trade balance sustained an estimated deficit of up to US$1.3 billion during May, leading to the total trade deficit amounting to US$548 million for the year’s first five months. SEE MORE The US is refraining from labelling Viet Nam a currency manipulator based on new data the country had provided to the Treasury Department, Bloomberg reported late last week, citing a person familiar with the matter. SEE MORE Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. SEE MORE India and Iran will begin figuring out a fresh payment channel to resume oil trade, according to a New Delhi official. The US had conveyed to New Delhi that India's "escrow account" used for Rupee-Rial trade cannot be operated after 2 May. Earlier, India had an option to trade in its national currency to circumvent the sanctions. SEE MORE