CPI likely to increase by 3.5- 4 percent this year: experts
The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year, according to experts at a seminar held in Hanoi on July 2, which focused on national market and price movements in H1 and forecasts for the whole year.
The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year (Photo: VNA)
Hanoi (VNA) – The consumer price index (CPI) isprojected to increase by between 3💝.5 percent and 4 percent this year, accor♕dingto experts at a seminar held in Hanoi on July 2, which focused on nationalmarket and price movements in H1 and forecasts for the whole year.
Assoc. Prof., Dr Nguyen Ba Minh, Director of the Instituteof Economics-Finance at the Academy of Finance said there are two factorspushing the CPI up in the second half, which are recovering prices of materialsand fuels after the pandemic is put under control, and the resumption ofproduction and international trade and exchanges. Meanwhile, factors that could restrain the CPI include sloweconomic recovery due to pandemic, trade wars and political instabilities inmany areas in the world. Besides, the prices of pork in the country are expected tosubside thanks to efforts to improve the supply of the food. Vietnam has carried out preventive measures against theCOVID-19 pandemic, stabilised market prices, regulated currency policies formacroeconomic stabilisation and inflation control, thereby keeping the CPI stable,he added. According to Dr Nguyen Duc Do, as inflation stood at 3.17percent compared to the same period last year, the target of keeping inflationunder 4 percent in 2020 will be possible. He pointed out that the oil prices would not rise much asthe recovery prospect for the world economy is gloomy, while domestic porkprices are unlikely to surge in the coming time as the Government allowsimports of pigs. Therefore, he maintained the 3.5-percent projection for thisyear’s inflation./.
The June consumer price index (CPI) rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29.
The consumer price index (CPI) saw a year-on-year increase of 4.19% in the first six months of 2020, reaching the peak in the 2016-2020 period, the General Statistics Office (GSO) reported.
The June CPI in Ho Chi Minh City was up 0.66 percent from last month, and up 2.1 percent from the same month last year, the city’s statistics office said on June 30.
Vietnam’s CPI this year must be controlled and grow by less than 4 percent, and this is one of the tasks to develop the economy during the remaining months of 2020, Prime Minister Nguyen Xuan Phuc said on July 1.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
The consumer price index (CPI) is projected to increase by between 3.5 percent and 4 percent this year (Photo: VNA) 
