Hanoi growth slows as purchases decline
Consumer price index (CPI) in the capital city witnessed a light surge
while its industrial index registered a sharp increase this October,
based on figures from its statistics office.
Consumer price index (CPI) in the capital city witnessed a light surge
while its industrial index registered a sharp increase this October,
based on figures from its statistics office.
The Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper quoted the office as saying that the CPI here increased by 0.04 percent month-on-month and 2.72 percent year-on-year.
The growth rates, the lowest in the past 11 years, were attributed to the increase in goods supplies and the decrease in residents' purchasing power. In the first 10 months of this year, CPI here increased by 2.09 percent.
Infonet also quoted the office as saying that the capital city's industrial production index posted a 7.3 percent month-on-month increase and a 7.9-percent year-on-year surge.
This month, the prices of petrol and gas were reduced several times, leading to the 1.07-percent month-on-month reduction in transport group expenses. However, taxi and other transportation fees remained the same.
Meanwhile, people's low demand for restaurant and catering services failed to prevent a 0.13-percent month-on-month increase in the prices of such services. The price of rice went up by 0.54 percent and that of other food, by 0.01 percent.
The prices for housing and building materials, as well as electricity, water and fuel, posted a 0.04-percent month-on-month increase because of a quiet construction market.
The retail price of gas increased by 4,000 VND per 12kg tank since October 1 as a result of the two previous consecutive months of increase in the retail price of tap-water.
Gold prices fell by 3.98 percent month-on-month while the US dollar exchange rate rose by 0.13 percent month-on-month.
This month, the city witnessed year-on-year increases of 46.18 percent for the mining industry, 7.81 percent for the processing industry and 8.9 percent for waste treatment activities.
In the first 10 months of this year, the industrial production index posted a 4.53-percent year-on-year increase. Sectors posting increased production figures include mining, processing, electricity, fuel and waste treatment.
The city saw a reduction in the production of some sectors such as tobacco, electric equipment, paper and beverage.-VNA
The Thoi bao Kinh te Viet Nam (Vietnam Economic Times) newspaper quoted the office as saying that the CPI here increased by 0.04 percent month-on-month and 2.72 percent year-on-year.
The growth rates, the lowest in the past 11 years, were attributed to the increase in goods supplies and the decrease in residents' purchasing power. In the first 10 months of this year, CPI here increased by 2.09 percent.
Infonet also quoted the office as saying that the capital city's industrial production index posted a 7.3 percent month-on-month increase and a 7.9-percent year-on-year surge.
This month, the prices of petrol and gas were reduced several times, leading to the 1.07-percent month-on-month reduction in transport group expenses. However, taxi and other transportation fees remained the same.
Meanwhile, people's low demand for restaurant and catering services failed to prevent a 0.13-percent month-on-month increase in the prices of such services. The price of rice went up by 0.54 percent and that of other food, by 0.01 percent.
The prices for housing and building materials, as well as electricity, water and fuel, posted a 0.04-percent month-on-month increase because of a quiet construction market.
The retail price of gas increased by 4,000 VND per 12kg tank since October 1 as a result of the two previous consecutive months of increase in the retail price of tap-water.
Gold prices fell by 3.98 percent month-on-month while the US dollar exchange rate rose by 0.13 percent month-on-month.
This month, the city witnessed year-on-year increases of 46.18 percent for the mining industry, 7.81 percent for the processing industry and 8.9 percent for waste treatment activities.
In the first 10 months of this year, the industrial production index posted a 4.53-percent year-on-year increase. Sectors posting increased production figures include mining, processing, electricity, fuel and waste treatment.
The city saw a reduction in the production of some sectors such as tobacco, electric equipment, paper and beverage.-VNA
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