August CPI stays stable compared to previous month
The consumer price index (CPI) in August stayed almost unchanged from the previous month as a result of mixed trends in goods and consumer service prices, the General Statistics Office (GSO) reported on September 6.
The August CPI stayed stable compared to July, but increased 1.89% from last December and 3.45% year on year. (Photo: VNA)
Hanoi (VNA) – The consumer price index (CPI) in August stayed almost unchanged from the previous month as a result of mixed trends in goods and consumer service prices, the General Statistics Office (GSO) reported on September 6.
In particular, it rose 0.02% in urban areas but fell 0.03% in rural regions. Among the 11 categories of main consumer goods and services, 10 witnessed slight price increases while transport saw a decrease from July.
However, the August CPI still increased 1.89% from last December and 3.45% year on year.
The gold price index went up 1.93% month on month, 20.4% from December, and 31.05% year on year. Meanwhile, the US dollar price index dropped by 0.64% from the previous month but grew 3.55% from December and 5.86% from the same period last year.
Last month’s core inflation climbed 0.24% month on month and 2.53% year on year, the GSO said.
During the first eight months, the CPI expanded 4.04% from the same period last year.
Contributors to this CPI growth included food and catering services, which recorded a year-on-year price hike of 4%, along with housing, electricity, water, fuel, and construction materials 5.46%.
Meanwhile, factors dragging the CPI down during the period comprised postal and telecommunications services, whose prices declined 1.28%, statistics show.
Between January and August, the gold price index rose 25.54% while the US dollar price index up 5.85% from a year earlier.
The eight-month core inflation went up 2.71% year on year, still lower than the CPI growth of 4.04%, due to higher prices of food, electricity, educational and health services, and fuel, which are excluded when core inflation is calculated, the GSO said.
It pointed out that contrary to 2023, the CPI was on an upward trend during ☂the first five months of 2024, from a year-on-year rise of 3.37% in January to 4.44% in May. The growth followed a downward trend in the following months, slowing to 4.34% in June, 4.36% in July, and 3.45% in Augไust./.
Vietnam could reach the GDP growth target of 6-6.5% set by the National Assembly on the back of strong investment, export, and consumption, according to experts.
Many bright spots were seen in the economic panorama in the first seven months of this year thanks to the Government’s continuous efforts to perfect the institution, remove difficulties for businesses, and promote economic growth.
The Consumer Price Index (CPI) for July increased by 0.48% compared to the previous month. Among the goods and services, 10 categories saw an increase in price indices, while the postal and telecommunications group maintained stable prices.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
