The consumer price index (CPI) in the first quarter of 2023 is estimated to rise 4.2-4.3% year on year, according to the Price Management Department under the Ministry of Finance.
Inflation has so far been controlled in line with the set target, and the macro-economic situation stabilised with major balances of the economy ensured, Deputy Prime Minister Le Minh Khai said at the year-end meeting of the Price Management Steering Committee on December 28.
The State Bank of Vietnam (SBV)’s decision to increase credit room by 1.5%-2% fits Vietnam’s current financial situation, helping ease inflationary pressure, interest rates and exchange rates, according to experts.
The consumer price index (CPI) posted year-on-year growth of 3.02% in the first eleven months of this year while core inflation rose 2.38%, the General Statistics Office (GSO) revealed on November 29.
Malaysia’s inflation rate in August increased to 4.7% year-on-year, mainly due to food and non-alcoholic beverages, according to the Malaysian Department of Statistics Malaysia (DOSM).
The average Consumer Price Index (CPI) of Vietnam in the first six months of this year increased by only 2.44% compared to the same period last year. This is attributable to the proactive efforts by the government to cope with the challenges caused by the increasing inflation pressure felt all over the world.
Prime Minister Pham Minh Chinh emphasised specific tasks for maintaining macro-economic stability, controlling inflation and managing monetary and fiscal policies flexibly while addressing a regular Government meeting in Hanoi on April 29.
Hanoi’s Consumer Price Index (CPI) in February grew 2.06 percent year-on-year and 1.16 percent compared to the previous month, announced the municipal Statistics Office.
Though there will be pressure on inflation in 2022, experts forecast it will remain under control and the National Assembly's target of 4 percent target is still feasible.
State budget collection in 2022 is expected to reach over 1.41 quadrillion VND (61.7 billion USD), while expenditure is estimated at about 1.78 quadrillion VND (78.05 billion USD), up 4.5 percent compared to that in 2021, according to a report on State budget estimates for 2022 that has been made public by the Ministry of Finance.
Vietnam’s economy should get back to GDP growth of 6.8 percent next year, which will be driven by a return of strong foreign direct investment (FDI) into the market, mainly focusing on the manufacturing sector, CEO of HSBC Vietnam Tim Evans has said.
Vietnam’s economic conditions continued to improve, with both industrial production and retail sales registered a third month of growth, said World Bank (WB) in the December edition of its Vietnam Macro Monitoring.
Ho Chi Minh City’s consumer price index (CPI) in October went down 0.41 percent month-on-month and moved up 2.02 percent year-on-year, reported the municipal Statistics Office on October 29.
Hanoi’s consumer price index (CPI) in August was up 0.77 percent against the previous month and 2.81 percent year-on-year, according to the municipal Statistics Office.
Vietnam's gross domestic product (GDP) growth in the first quarter of 2021 was 4.48 percent, lower than the 5.2 percent scenario projected for the “new normal” situation, said Deputy Minister of Planning and Investment Tran Quoc Phuong, noting that this adds more pressure on the remaining months of this year so the target of 6.5-percent growth can be achieved.
Vietnam’s gross domestic product (GDP) growth is forecast to reach 6.72 percent this year in an optimistic scenario where the global economy recovers faster than expectations and production becomes more stable in 2021, according to a joint report released by the National Centre for Socio-Economic Information and Forecasting (NCIF) and the UN Development Programme (UNDP) in Vietnam.
The Consumer Price Index (CPI) edged down 0.01 percent month-on-month in November on the back of weakening global fuel prices and declining electricity and water prices in the country, according to the General Statistics Office (GSO).