CPI increases 0.19 percent in June
The consumer price index (CPI) in June increased by 0.19% compared to the previous month, according to the General Statistics Office.
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In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
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InfographicCPI rises 3.77% in Q1
Vietnam’s Consumer Price Index (CPI) increased 3.77% year-on-year in the first quarter of 2024 due to rising prices for domestic rice and services such as electricity, water, education and healthcare.
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Vietnam’s industrial sector posted significant growth in the first quarter of 2024, of an estimated 6.18% compared to the first quarter of 2023. In particular, manufacturing and processing saw robust growth of 6.98%.
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China has long been Vietnam’s largest trading partner, with two-way trade consistently exceeding 100 billion USD since 2018. Trade between the two neighbours reached 171.85 billion USD last year.
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Coconuts have been designated one of the six primary national industrial crops by the Ministry of Agriculture and Rural Development. It is projected that the country’s coconut cultivation area will expand to 195,000-210,000 hectares by 2030, resulting in a substantial harvest of over 2 million tonnes.
