Vietnam’s economic performance in January 2024

Vietnam’s economic performance in January 2024

The consumer price index (CPI) increased 3.37 per cent in the opening month of 2024, foreign direct investment 40.2 per cent, international arrivals 73.6 per cent, and the Index of Industrial Production (IIP) 18.3 per cent.
Vietnam’s economic performance in the first 8 months of 2023

Vietnam’s economic performance in the first 8 months of 2023

Vietnam’s average CPI increased by 3.1 per cent in the first eight months of 2023, while foreign investment rose 8.2 per cent and foreign visitors grew 5.4-fold.
Exchange rate pressure to soothe by end of 2023: expert

Exchange rate pressure to soothe by end of 2023: expert

Pressure on exchange rates looks to ease up in the final months of the year.
CPI level encounters new pressures

CPI level encounters new pressures

Besides an increase in the basic salary, factors including a potential climb in electricity prices and rebound in consumption could put efforts to control inflation under pressure.
Amending legal documents to better control drug prices

Amending legal documents to better control drug prices

Drug prices remain among the top concerns of businesses and people in Vietnam. In recent times, although the domestic and international markets have seen volatility, stability has been seen in Vietnam through drug price management specified in the Law on Pharmacy 2016 (LoP), decrees guiding the implementation of the LoP and the Law on Price, and guiding decrees and other relevant legal documents.
UOB trim GDP growth forecast for Vietnam

UOB trim GDP growth forecast for Vietnam

UOB has lowered Vietnam’s full-year GDP growth forecast for 2023 to 6 per cent from an earlier call of 6.6 per cent due to the slow start in Q1.
Chinese reopening and global fuel price strife to influence CPI

Chinese reopening and global fuel price strife to influence CPI

A continued hike in fuel prices partly following China’s ongoing economic recovery is expected to cause pressure on Vietnam’s efforts to rein in inflation this year.
Hanoi’s January CPI moderately increases

Hanoi’s January CPI moderately increases

Hanoi’s consumer price index (CPI) in January inched up by only 0.35 per cent month-on-month and 3.09 per cent year-on-year, the municipal Statistics Office has reported.
GDP growth target at 6.5 per cent in 2023 proves feasible

GDP growth target at 6.5 per cent in 2023 proves feasible

Phi Huong Nga, deputy general director of the Department of Industrial and Construction Statistics under the General Statistics Office, explains why the economic growth target set by the National Assembly.
Ongoing inflation worries compel tightened focus

Ongoing inflation worries compel tightened focus

Vietnam is expected to make a go of reining in inflation this year thanks to the government’s efforts to control market prices including a continued reduction in petrol prices.
CPI goes up 2.54 per cent in seven months: GSO

CPI goes up 2.54 per cent in seven months: GSO

The July consumer price index (CPI) grew 0.4 per cent from the previous month, contributing to the year-on-year growth of 2.54 per cent in the first seven months of this year, the General Statistics Office (GSO) said on Friday.
April’s CPI increases 0.18 percent

April’s CPI increases 0.18 percent

The consumer price index (CPI) in April rose 0.18 percent over the previous month and 2.64 percent year on year, according to the General Statistics Office.
Rent and fuel rises being blamed for increases to CPI

Rent and fuel rises being blamed for increases to CPI

A series of factors pushing up the consumer price index in Q1 is expected to linger over the next few months, pressurising the country’s efforts to rein in inflation.
Policies reinforced to ease inflation pressure

Policies reinforced to ease inflation pressure

With global oil price hikes staying at a very high level and domestic consumption gradually recovering, Vietnam’s inflation is expected not exceed the 4 per cent target by dint of tightened monetary policy and negative impacts from the health crisis on prospects.
Rising consumer demand drives up CPI in January

Rising consumer demand drives up CPI in January

The Consumer Price Index (CPI) in January posted a year-on-year rise of 1.94 percent and inched up by 0.19 percent compared to the previous month, announced the General Statistics Office (GSO)
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