Consumer price index (CPI) in the first six months of this year increased 3.29% year on year, while core inflation was estimated to rise 4.74%, said Nguyen Thi Huong, General Director of the General Statistics Office (GSO), at a press conference on June 29.
Consumer price index rises 3.29% in H1 (Photo: VNA)
Hanoi (VNA) – Consumer price index (CPI) in thefirst six months of this year increased 3.29% year on year, while coreinflation was estimated to rise 4.74%, said Nguyen Thi Huong, General Directorof the General Statistics Office (GSO), at a press conference on June 29.
The official said that in June alone, CPI rose 0.27% over that ofMay and 2% over the same period last year, mostly due to an increase in theelectricity retail prices. In the month, rise was seen in the prices of 10groups of goods, led by food and catering services at 0.57%. Only post andtelecommunications saw a decrease in prices, she said.
In the second quarter of this year, CPI was up 2.41% year onyear, with a strong rise in prices of construction materials at 6.03% andeducation at 5.81%. In the period, the fall was recorded in prices of two groups –post and telecommunications (0.47%) and transport (8.34%).
In the first half of 2023, education-related prices rose 7.95% yearon year, while the prices of housing and construction materials also increased 6.6%.
Upturn was also seen in the prices of cultural, entertainmentand tourism services at 3.47% due to high demands after the COVID-19 pandemic wascontrolled, along with prices of food and foodstuff at 3.6% due to an increase indemands during the festive season in the beginning of the year. The 3% increasein electricity prices from May 4 also pushed the prices of the product in the people's daily life consumption by 3.12%, contributing 0.1 percentage point to the CPI rise in the first six months ofthis year.
Meanwhile, factors contributing to the slowing down of the CPI rise in the January-June period was afall in the prices of fuels and post and telecommunication services.
According to the GSO, core inflation in June increase 0.24% over May and 4.33%compared to the same period last year, pushing the inflation rate in the firstsix months of this year to 4.74%./.
The consumer price index (CPI) in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office (GSO).
The consumer price index (CPI) in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office.
The May consumer price index (CPI) rose 0.01% compared to April, primarily due to increases in the price of food, electricity, and water, according to the General Statistics Office.
In a report released on June 19, the World Bank said that, Vietnam’s consumer price index (CPI) inflation continued to trend down for the fourth month, declining from 2.8% in April to 2.4% in May.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Consumer price index rises 3.29% in H1 (Photo: VNA) 
