Update news CPI
The General Statistics Office (GSO) says that, for statisticians, there is "no beautiful number or ugly number, but only numbers that truly reflect the socio-economic situation".
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.
Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.
While analysts and workers hope the personal income law (PIT) will be amended as soon as possible, the Ministry of Justice (MOJ) says it plans to amend the law in 2026.
National Assembly deputies have asked the Ministry of Planning and Investment (MPI) to clarify if the basket of goods used by GSO to calculate CPI can truly reflect the impact of increased prices of goods and services.
Thanks to Vietnam’s strong recovery in production, low inflation, and financial market stabilization, Nikkei Asia has lifted its Covid-19 Recovery Index for Vietnam from the bottom of the list to the second spot in its latest edition.
Experts gathered in Hanoi on August 4 to discuss how to deal with the continuing high prices of commodities in Vietnam despite petrol prices being reduced.
The nation has seen food prices remain stubbornly high despite the recent sharp decline in gasoline prices.