Business

October sees record low CPI growth

The CPI in October rose slightly by 0.11 percent compared to September.
The consumer price index (CPI) in October rose slightly by 0.11 percentcompared to September, marking the lowest rise for the month since 2009,according to the General Statistics Office of Vietnam (GSO).

Experts said a series of consecutive petrol price cuts caused byfour-month reduction of global gas and petrol costs have resulted in thenegligible CPI’s growth.

This month, eight out of11 commodity and service groups in the price basket saw their pricesincrease with education topping the list with an increase of 1.31percent as many local governments continue to adjust school fees in linewith a roadmap outlined in the Government Decree 49/2010/ND-CP.

For other groups, the rise was small, ranging from 0.02 to 0.53percent, showing that purchasing power had not improved.

It is notable that food price was relatively stable with minor increase even with the wedding season already setting in.

As a result, the year-on-year inflation rate in October declined to 3.23 percent from 3.62 percent in September.

Nguyen Duc Thang, a senior GSO official, forecast that the CPI inNovember will follow the same pattern as that of this month./
Follow VietnamPlus

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.