September CPI edges down for the first time in a decade
The consumer price index in September slipped by 0.21 percent against the previous month and increased by only 0.4 percent over last December, as announced at a press conference in Hanoi on Sept.24.
The consumer price index (CPI) in September slipped by 0.21 percent against the previous month and increased by only 0.4 percent over last December, as announced at a press conference in Hanoi on September 24.
This is the first time in 10 years that the September CPI has dropped on a monthly basis, and the increase of 0.4 percent compared to last December is also the lowest level over the past decade, said Director of the General Statistics Office’s Price Statistics Department Vu Thi Thu Thuy.
According to Thuy, the reduction is mainly due to petrol price drops on August 19 and September 3.
Sharp price declines were reported in transport (3.17 percent) while housing and construction materials saw a reduction of 0.68 percent; restaurant and food services, 0.13 percent; and telecommunications, 0.07 percent.
Meanwhile, slight increases were seen in education (1.24 percent- as the new school year began in early September); medicines and health services (0.43 percent); headwear, garment-textile and footwear (0.21 percent); household appliances (0.07 percent); and culture-entertainment-tourism (0.03 percent).
In the month, the price of gold rose by 3.54 percent, while the price of USD went up 2.71 percent after the State Bank of Vietnam increased the average inter-bank exchange rate between the VND and USD by one percent on August 19 and the fluctuation band for exchange rates to +/- two percent.
Deputy Head of the General Statistic Office Nguyen Thi Bich Ngoc said the September basic inflation (excluding food and fresh foodstuff, energy and State-controlled commodicites such as healthcare and education services) increased by 1.87 percent against the same period last year, bringing the inflation rate in the first nine months of this year to 2.15 percent.
October’s CPI is forecast to decrease slightly due to drops in food prices.-VNA
Consumer price index (CPI) for the month of July rose in the country's two largest cities, Hanoi and HCM City, according to the statistics offices in these cities.
Recent reductions of fuel prices led to a slight decrease in the country’s CPI in August, according to Do Bich Ngoc, Deputy Director of the Price Statistics Department.
Prices of essential goods continued their downward trend this month, including those of petrol, oil and gas, according to the Ministry of Finance's Price Management Department.
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.
Illustrative image (Photo: VNA)
