Ho Chi Minh City’s Consumer Price Index (CPI) in February picked up 0.86 percent from the previous month and 1.09 percent from the same period last year, data from the municipal statistics office show.
HCM City (VNA) – Ho Chi Minh City’s Consumer PriceIndex (CPI) in February picked up 0.86 percent from the previous month and 1.09percent from the same period last year, data from the municipal statisticsoffice shows.
Most of the commodity and service groups, except for postand telecommunications, recorded hikes in prices compared to January.
Prices of food and catering services and those of beverageand tobacco increased 0.44 percent and 0.73 percent, respectively, month-on-monthon account of surging demand during the Tet (Lunar New Year) holiday.
Prices of housing, water supply, electricity, fuels andconstruction materials advanced 1.71 percent month-on-month largely due to a 1-percentraise in housing rental rates, as well as 23.3 percent and 8.39 percent increasesin water supply and kerosene, respectively.
Rates of transport services posted the highest growth of2.51 percent on the back of rising fuel prices and public transport fares.
By contrast, prices of post and telecom commodities andservices edged down 0.23 percent because of slight decline in prices of mobilephones and phone repair services./.
Vietnam will need to cut taxes and fees, in addition to using the petroleum price stabilisation fund if petrol prices keep rising, said a leader from the Ministry of Industry and Trade (MoIT).
Vietnam's CPI has increased by 1 percent in February and 1.42 percent against the same period last year, according to the General Statistics Office of Vietnam (GSO).
Hanoi’s Consumer Price Index (CPI) in February grew 2.06 percent year-on-year and 1.16 percent compared to the previous month, announced the municipal Statistics Office.
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.
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The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative photo. (Source: VNA)
