CPI in April inches up 0.07%

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.
CPI in April inches up 0.07% ảnh 1A shopper at Aeon Mall shopping centre in Hanoi's Long Bien district. (Photo: VNA)

Hanoi (VNA) – 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.

Among the 11 main groups of consumer goods and services, eight saw price hikes compared to the previous month while the three remaining groups saw price decline.

The GSO report shows domestic petrol prices increased by 4.78% and diesel prices rose by 2.01%, prompting transportation and related service costs to expand 1.95%. Notably, aviation transportation costs soared by 10.42% due to high demand for travel during the five-day holiday period, starting from April 27.

Meanwhile, drugs and medical services edged up by 0.92% due to seasonal changes and the emergence of disease-causing viruses.

In addition, other commodities and services seeing price hikes included beverages and tobaccos (up 0.09%); garments, headwear and footware (0.12%); housing and building materials (0.21%); household appliances (0.11%); culture-entertainment-tourism services (0.03%); and other goods and services (0.27%).

The three groups of goods and services with price fall were food and catering services (down 0.13%); postal and telecommunications services (0.17%); and education (2.93%).

In April, domestic gold prices fluctuated in the same direction as world gold prices. The domestic gold price index in April increased by 6.95% compared to the previous month; an increase of 17.01% compared to December 2023; increased 28.62% over the same period last year. The average increase in the first four months of 2024 is 20.75%.

The GSO said the core inflation in April soared by 0.17% over the previous month and by 2.79% over the same period last year. On average, January-April core inflation grew by 2.81% over the same period last year, lower than the CPI average of 3.93%./.

VNA

See more

Representatives from outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025. (Photo: hanoimoi.vn)

Vietnamese businesses head to global e-commerce

In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM sees global tensions as chance to reshape economy

The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.

Prime Minister Pham Minh Chinh chairs a national teleconference to review the fight against smuggling, trade fraud, counterfeit goods, and intellectual property rights infringement. (Photo: VNA)

Prime Minister chairs national teleconference on fight against counterfeit goods

He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.

Producing electronic components for export at Tu Ha Industrial Park, Huong Tra township, Hue city. (Photo: VNA)

Vietnam becomes Singapore's 8th largest export market

Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.

The dialogue spotlights the enduring role of public-private partnerships in shaping and advancing Vietnam-US relations over the past three decades. (Photo: VNA)

Dialogue talks role of public-private partnership in Vietnam-US relations

Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.

The Tan Thuan Export Processing Zone is connected to Tan Thuan Port, forming a manufacturing–export ecosystem for Ho Chi Minh City. (Photo: VNA)

HCM City industrial parks set 20 billion USD investment target for 2025–2030

According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.

Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.

Pharmaceutical production at a company in Vietnam. (Photo: VNA)

Vietnam’s pharma sector heats up with major M&A deals

PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.

Ngoc Linh ginseng is found within a narrow ecological zone around the peak of Ngoc Linh Mountain. (Photo: VNA)

Quang Nam positioned as medicinal plant hub

The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.