return icon Vietnamnet.vn

CPI growth in Jan-May lowest in five years

The country’s consumer price index (CPI) in the first five months of the year grew 1.29% year-on-year, the lowest for the period since 2016, according to the General Statistics Office.

{keywords}
A woman chooses egg products at a supermarket in HCM City. The country’s CPI growth in the first five months of the year was the lowest in the last five years. – Photo: VNA

In May alone, the CPI inched up 0.16% over the previous month and 2.9% against the same period last year, also the lowest for the month over the past five years.

In the January-May period, the core inflation, which excludes the prices of fresh food, energy and State-controlled healthcare and education services, edged up 0.82% versus the year-ago period.

The core inflation growth was lower than the CPI growth, proving that the CPI growth was mainly caused by an increase in the prices of fuels and gas.

 

The statistics on the country’s socioeconomic performance in May and the January-May period of this year released by the General Statistics Office:

TOTAL RETAIL SALES OF GOODS AND SERVICES IN THE FIRST FIVE MONTHS OF 2021

Retail sales of goods: VND1,670.3 trillion, up 7.8%

Lodging, catering: VND196.9 trillion, up 4.6%

Traveling: VND4.3 trillion, down 48.2%

Other services: VND214.6 trillion, up 10.9%

Total: VND2,086.1 trillion, up 7.6%

IMPORTS-EXPORTS IN THE FIRST FIVE MONTHS OF 2021

Exports: US$130.94 billion, up 30.7%

Imports: US$131.31 billion, up 36.4%

TRADE DEFICIT: US$369 million

PRICE INDEX

100.16% in May 2021 against previous month

102.9% in May 2021 over May 2020

101.29%: Average in Jan-May 2021 over Jan-May 2020

119.24%: Average gold price index growth in Jan-May 2021 over the year-ago period

99.15%: Average U.S. dollar price index growth in Jan-May 2021 over the year-ago period

INDUSTRIAL PRODUCTION IN JAN-MAY 2021

The rising/falling rate of the index of industrial production over year-ago period

Mining: down 7.0%

Processing, manufacturing: up 12.6%

Electricity production and distribution: up 8.3%

Water supply, waste and wastewater management and treatment: up 7.5%

The whole industry sector: up 9.9%

Increasing/falling rate of some key industrial products

Phone accessories: up 36.4%

Mobile phones: up 22.2%

Footwear: up 12.6%

Electricity for production: up 8.5%

Pure coal: down 3.7%

Crude oil: down 9.5%

BUSINESS REGISTRATION IN JAN-MAY 2021

Newly-established enterprises: 55,767

Enterprises resuming operations: 22,564

Dissolved enterprises: 8,023

Enterprises with temporary suspension: 31,818

SGT

Vietnam inflation predicted to rise to 3.5% in 2021

Vietnam inflation predicted to rise to 3.5% in 2021

Vietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices.

MORE NEWS

Garden on mountaintop brings VND5 billion a year to Pa Cop village farmer

Farmer Do Quy Hanh in Pa Cop village, a Thai ethnic minority man in Pa Cop hamlet in Son La province, has his own secrets to growing bountiful orange and longan orchards, bringing profit of VND5 billion a year.

Young people invent anti-cheating software for online exams

As the fourth wave of the COVID-19 pandemic hit the country in 2021, students had to study and take exams online. However, cheating on online exams has caused headaches for schools.

Fed rate hike's impact on Vietnamese economy not significant

The latest interest rate hike by the US Federal Reversal (Fed) will weigh on the global economy, including Vietnam, but experts expect impacts of the Fed’s move on the country will not be significant.

Vietnam Blockchain Union officially debuts

The Vietnam Blockchain Union (VBN) debuted on May 17 with the aim of connecting the local blockchain community to state management agencies to develop legal frameworks for the technology and to accelerate the development of VN's digital economy.

Vietnamese students champion int’l environmental competition

A team of three Vietnamese high school students has won an international prize on environmental sustainability.

NA Chairman meets with Lao PM, discussing measures to boost ties

National Assembly Chairman Vuong Dinh Hue met with Lao Prime Minister Phankham Viphavanh in Vientiane on May 17, where the two leaders discussed measures to promote bilateral relations.

Vietnamese e-commerce likely to reach US$39 billion by 2025

Vietnam’s e-commerce market has recorded strong growth over the years and is likely to bring in US$39 billion in value by 2025, according to data released by the German market research firm Statista.

The results of press privatization

The number of news articles and other articles published in electronic newspapers and magazines have soared recently.

Prime Minister meets representatives of investment funds, groups in New York

PM Pham Minh Chinh have met with leaders of global investment firm Kohlberg Kravis Roberts (KKR) and Visa Group in New York and held phone talks with the Deputy Managing Director of the International Monetary Fund (IMF) during his trip to the US.

SEA Games 31: Vietnam bags 88 gold medals as of May 16

Vietnam has so far obtained 197 medals, including 88 golds, at the ongoing SEA Games 31, topping the tally and leaving other competitors far behind.

Vietnam to play more active role at UN: PM

Vietnam will continue bringing into play its role and making more active and constructive contributions to the common work of the UN in all the three pillars – security-politics, development and human rights, PM Pham Minh Chinh has affirmed.

Billionaire list: Tran Dinh Long loses position, new names emerge

The HPG shares of Hoa Phat Group have seen a fall in price to VND35,900 per share, while billionaire Tran Dinh Long fell from the second position on the list of Vietnamese stock billionaires.

Building a national brand for Vietnamese rice

At wet markets, consumers can find varieties of rice stored in bowls and baskets from age-old brands such as Nang Thom Cho Dao, Huong Lai, Tai Nguyen and Bong Su.

National Development Master Plan: confusion due to conflicting legal provisions

The Law on Planning was approved by the National Assembly in 2017 and took effect on January 1, 2019, but after more than three years, the planning work has not been completed. Many problems have arisen and need the National Assembly’s comments.

First Vietnamese woman reaches summit of Mount Everest

Nguyen Thi Thanh Nha, also known as Céline Nha Nguyen, has become the first Vietnamese woman to conquer the summit of Mount Everest.
back_to_top