Consumer price index up by 4.08% in six months: GSO
Vietnam's consumer price index (CPI) rose by 4.08% in the first half compared to the same period last year, while core inflation increased by 2.75%, according to the General Statistics Office (GSO).
A shopper at a Co.opmart supermarket in Hanoi. (Photo: VNA)
Hanoi (VNA) - Vietnam's consumer price index (CPI) rose by 4.08% in the first half compared to the same period last year, while core inflation increased by 2.75%, according to the General Statistics Office (GSO).
The GSO defined several factors contributing to the CPI growth, which included the respective annual 4% and 5.51% increases of the price indexes for the groups of food and food services as well as of housing, electricity, water, fuel, and construction materials.
Meanwhile, household electricity prices jumped 9.45% due to higher demand and adjustments in the average retail price of electricity by the Vietnam Electricity (EVN) group in 2023.
The price indexes for the education group rose by 8.58% as a result of higher tuition fees in some localities during the 2023-2024 academic year, and that for medicines and healthcare services grew 7.07% following adjustments in healthcare service fees.
In contrast, the index for the postal and telecommunications group decreased by 1.41% year-on-year, as the prices of older generation phones dropped when businesses applied discount programmes to promote smart phones in the market.
The GSO largely attributed the growth of core inflation to rising costs of food, electricity, education, and healthcare services, which are excluded from its calculation.
Recently, the Government and the Prime Minister have directed ministries, sectors, and localities to implement various measures to resolve difficulties, promote growth, maintain macroeconomic stability, control inflation, and closely monitor the supply-demand and prices of essential goods to implement appropriate measures, said GSO General Director Nguyen Thi Huong.
Consequently, no unusual pr💎ice fluctuations were recorded, and inflation remained under control, she noted./.
The consumer price index (CPI) in April inched up 0.07% from the previous month and 4.4% year on year, mainly fueled by a petroleum price hike, the General Statistics Office (GSO) said on April 29.
Vietnam's consumer price index (CPI), a key measure of inflation, climbed 3.77% year-on-year in the first quarter, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on March 29.
Increasing public investments, easing monetary policies, stabilising foreign exchange rates, and ensuring sufficient supplies are among the solutions recommended by experts to control the rise in the Consumer Price Index (CPI) this year.
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.
