Hanoi’s CPI rises 0.26 percent in October

Hanoi ’s consumer price index (CPI) rose by 0.26 percent in October as compared to September and 4.47 percent over the same period last year.
Hanoi ’s consumer price index (CPI)rose by 0.26 percent in October as compared to September and 4.47percent over the same period last year.

According to the Hanoi Statistics Office, eight out of ten groups ofconsumer goods saw small rises, ranging from 0.04 percent to 0.66percent over the last month.

The eight groups include restaurants and food services; beverages andtobacco; textile products, footwear and clothes; household equipmentand appliances; cultural, entertainment and tourism services; housing,electricity, fuel and construction materials; medicine and healthservices; transport, postal and telecommunications services.

Meanwhile, the prices of foodstuffs decreased slightly by 0.82 percentand education services remained unchanged compared to the previousmonth.

Experts have said that the prices of consumption goods were stable inOctober. The average one-month increase in the CPI in the first tenmonths of this year is estimated at 0.47 percent, an 10-month increaseis about 8.94 percent over the same period last year.

This month, gold’s price rose by 4.94 percent and the price of the US dollar dropped by 0.45 percent.

Hanoi’s economy is showing sign of recovery thanks to effectiveGovernment and municipal policies and consumption stimulus measures.

In October, industrial production in the locality continued to achieveremarkable growth, with industrial production value increasing by 11.2percent compared to the last month and 10.2 percent over the sameperiod last year.

The state-owned sector saw a month-to-month increase of 1.5 percent anda year-to-year increase of 6.2 percent; the figures for the non-statesector were 4 percent and 13.4 percent and for the foreign investedsector, 19.7 percent and 10.1 percent, respectively.

It is estimated that the city’s ten-month industrial production valuewill increase by 8.1 percent compared to the same period last year,with the state sector up by 5.9 percent, the non-state sector by 11.2percent and the foreign invested sector, 7.1 percent.

This month, the capital’s total earnings from products sales and socialconsumption services rose by 1.2 percent over last month, ayear-on-year increase of 6.7 percent.

Many wholesale enterprises have weathered the poor economic climate and managed to obtain considerable profits.

The city’s export turnover in October increased by 2.7 percent compared to the previous month./.

See more

Prime Minister Pham Minh Chinh (R) encourages workers and engineers at the Vietnam Exhibition Fair Centre project site. (Photo: VNA)

PM requests basic completion of Vietnam Exhibition Fair Centre in July

For the long term, PM Chinh stressed the need to develop the centre into a new symbol of Hanoi and the nation in terms of scale, culture, architecture, structure, environmental landscape, and governance, so as to reflect the national stature, worthy of the country's historical and cultural traditions, and especially to showcase its achievements after 40 years of ‘Doi Moi’ (Renewal).

Prime Minister Pham Minh Chinh (3rd from left) at the symbolic button-pressing ceremony to kick off the construction of the Tu Lien bridge in Hanoi on May 19. (Photo: VNA)

Prime Minister launches construction of Tu Lien bridge in Hanoi

PM Chinh stressed that the Tu Lien bridge will not only enhance connectivity and promote socio-economic development across Hanoi’s districts, but also link regional cities and provinces involved, national transport routes, and international gateways via Noi Bai and Gia Binh international airports.

The FBC ASEAN 2025 International Manufacturing Business Matching Event will take place from September 17–19 in Hanoi. (Photo: FBC ASEAN)

Vietnam to host int’l manufacturing exhibition in September

The exhibition gathers a significant number of manufacturers and buyers seeking suppliers in Vietnam, including major brands. The event continues to serve as a key platform for branding, trade promotion, and sustainable international business networking.

A corner of Ho Chi Minh City seen from above (Photo: nhandan.vn)

Efforts needed to enhance role of private sector in expanded HCM City

The resolution affirms that in a socialist-oriented market economy, the private sector is one of the most important driving forces of the national economy. On that foundation, the upcoming mergence of Binh Duong and Ba Ria–Vung Tau provinces into Ho Chi Minh City will create conditions to form a mega-urban region integrating industry, finance, seaports, and innovation.

Cuban President Miguel Díaz-Canel at a meeting with a delegation of Vietnamese businesses led by the Thai Binh Group. (Photo: VNA)

Cuba strengthens economic ties with Vietnamese businesses

Both sides discussed opportunities to expand cooperation in Cuba’s priority development sectors. The Vietnamese delegation reaffirmed its commitment to sustaining and expanding its operations in the Mariel Special Development Zone (ZEDM), a key driver of Cuba’s economic growth.

Deputy Minister Tran Thanh Nam (front line, in a red tie) takes a photo with representatives of German associations and businesses at the event. (Photo: VNA)

Vietnam explores agricultural partnerships in Germany

A major highlight of the visit was a trade promotion forum on Vietnam–Germany agro-forestry-aquatic products, which attracted participation from various trade associations, vocational training institutions, German distribution channels, supermarket chains, and nearly 50 companies specialising in the production, processing, and logistics of agricultural, forestry, and aquatic products.

Ministerial-level negotiation session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer (Photo: VNA)

Vietnam, US promote negotiations on reciprocal trade agreement

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

Le Thanh Lam, CEO of TOPSKILLS, shares insights into the role of AI in modern HR management at the launch event of the AI-Powered TMS system in HCM City on May 16. (Photo: courtesy of the organisers)

AI helps businesses build resilient, adaptable succession teams

Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.