Purchasing power stays low as CPI increases
The purchasing power of Vietnamese citizens in September 2014 reached
244.5 trillion VND (11.65 billion USD), representing a 0.7-percent
month-on-month increase and a 9.1-percent year-on-year increase.
The purchasing power of Vietnamese citizens in September 2014 reached
244.5 trillion VND (11.65 billion USD), representing a 0.7-percent
month-on-month increase and a 9.1-percent year-on-year increase.
Vu Manh Ha, an economist of the General Statistics Office (GSO), said this month's consumer price index (CPI) increase was the highest since March. This indicates that purchasing power remained low and Vietnamese residents were still tightening their budgets on all items except for daily needs like food and transportation, he added.
GSO figures also showed that purchasing power in the first nine months of 2014 reached 2,145 trillion VND (102.2 billion USD), a year-on-year increase of 11.12 percent.
The purchasing power of the private sector reached 1,855 trillion VND (88.4 billion USD), making up nearly 90 percent of total sales, or an 11.1-percent year-on-year increase.
This was attributed to the Mid-Autumn Festival and the demand for books and other school supplies among 20 million students nationwide at the start of the new school year in the beginning of September. This brings nationwide retail revenue to 1,617 trillion VND (77 billion USD), or 75.4 percent of total national revenues, representing a 10.7-percent year-on-year increase.-VNA
Vu Manh Ha, an economist of the General Statistics Office (GSO), said this month's consumer price index (CPI) increase was the highest since March. This indicates that purchasing power remained low and Vietnamese residents were still tightening their budgets on all items except for daily needs like food and transportation, he added.
GSO figures also showed that purchasing power in the first nine months of 2014 reached 2,145 trillion VND (102.2 billion USD), a year-on-year increase of 11.12 percent.
The purchasing power of the private sector reached 1,855 trillion VND (88.4 billion USD), making up nearly 90 percent of total sales, or an 11.1-percent year-on-year increase.
This was attributed to the Mid-Autumn Festival and the demand for books and other school supplies among 20 million students nationwide at the start of the new school year in the beginning of September. This brings nationwide retail revenue to 1,617 trillion VND (77 billion USD), or 75.4 percent of total national revenues, representing a 10.7-percent year-on-year increase.-VNA
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