CPI

Update news CPI

Many business fields have been witnessing a rapid recovery after the Covid-19 outbreak. However, difficulties are ahead as they lack capital and petrol prices are escalating.

Vietnam’s CPI up 2.44% in six months

Vietnam’s consumer price index (CPI) in the January – June period rose by 2.44% year-on-year while its core inflation edged up 1.25%, the General Statistics Office (GSO) reported at a press conference on June 29.

Reducing petroleum prices to curb inflation

The news that the Ministry of Finance (MOF) has proposed the further cutting of environmental protection tax and the removal of the petrol price stabilization fund has brought a fresh breath of air to people and the economy.

“Price storm” forces workers to tighten their belts

The petrol price hike has led to price escalations of major goods and services, forcing low-income earners to tighten their belts.

Vietnam to increase petroleum reserves by 4 times

As the State’s resources are limited, the increase in the national petroleum reserves will be implemented under a roadmap from now to 2025.

No increases in medical service fees

There will be no increases in prices of medical examination and treatment.

Weathering the storm, Vietnam economy remains stable among uncertainties

The building of an independent and self-reliant economy associated with extensive international integration needs to start from businesses, especially private ones, in order to increase resilience and improve internal forces.

‘Easy money’ period ends, interest rates rise

To avoid exchange rate and capital outflow risks, interest rates in Vietnam are expected to rise, while the bad debt ratio is likely to increase sharply.

Curbing inflation: large ‘dose of medicine’ may cause after-effects

If inflation cannot be controlled and Vietnam has to use a “high-dose drug”, such as an interest rate increase, serious consequences may occur.

Vietnam’s CPI up 2.25 percent in five months

Vietnam’s consumer price index (CPI) in the first five months of the year edged up 2.25 percent year-on-year while core inflation rose by 1.1 percent, according to the General Statistics Office (GSO).

Keeping CPI below 4 pct this year a challenge for VN: Economist

It will be a challenge to keep Consumer Price Index (CPI) growth under 4 percent this year, according to an economist.

Goods prices increase as petrol price rise

The petrol price hike, which has led to an increase in nearly all goods and services, from food to medicine to fertilizer, has caused consumers constant anxiety.

As petrol prices continue to increase, transport firms may reduce services

If petrol and DO prices continue to stay high, transport firms may have to reduce services and routes, or stop operation temporarily.

January’s CPI inches up over high consumer demand for Tet

Vietnam’s consumer price index (CPI) in January edged up by 0.19% month-on-month, fueled by high consumer demand for the upcoming Lunar New Year or Tet, according to the General Statistics Office.

Economic prospects for the world and Vietnam

The severity and persistence of inflation worldwide have surprised most central banks and organizations that offer economic forecasts. 

Foreign investment in Vietnam expected to enjoy breakthrough in 2022

Despite facing various difficulties, it remains entirely possible to be optimistic about the outlook for foreign investment attraction moving into 2022, with many commitments regarding investment in major projects being made by foreign investors.

Vietnam's 2021 CPI lowest in five years: GSO

Vietnam's Consumer Price Index (CPI) edged up 1.84 percent year-on-year in 2021, the lowest ever recorded since 2016, according to the General Statistics Office (GSO).

After petrol, gas now sees price increase

The gas price on October 31 increased by another VND17,000, raising the price to VND500,000 for a 12 kilogram tank.

High taxes and fees cause jump in petrol prices

Taxes and fees make up nearly 40 percent of the petrol price. The environmental protection tax is now at the ceiling level.

Petrol price hike puts pressure on consumers, threatens inflation

The prices of goods and services have begun escalating following a shocking hike in petrol price, reaching a 7-year high, announced by petroleum distributors on October 25.