Vietnamplus

Indonesia’s decade-low inflation rate has sparked concern among several economists that it foreshadows a further weakening of the largest economy in Southeast Asia.

Deputy Prime Minister Vuong Dinh Hue chaired a quarterly meeting of the National Financial and Monetary Policy Advisory Council in Hanoi on December 27.

Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.

The November consumer price index (CPI) in the northern province of Bac Ninh rose 1.37 percent from the previous month, the highest increase so far this year.

Minister and Chairman of the Government Office Mai Tien Dung updated socio-economic performance for November and 11 months of this year that was discussed at the Government’s November meeting in Hanoi on December 2.

Vietnam’s economy remains positive despite the slowdown in global economic growth, especially in Asia, over the last 11 months, Prime Minister Nguyen Xuan Phuc said while chairing the Government’s regular meeting for November on December 2.

Climbing prices of pork and processed food were behind the 0.96 percent increase in Consumer Price Index (CPI) of November compared to the previous month.

The Consumer Price Index (CPI) of November increased by 0.96 percent compared to last month, the highest growth for November’s CPI in the last nine years.

Ho Chi Minh City posted a month-on-month rise of 0.52 percent in the consumer price index (CPI) in November, the municipal Statistics Office reported.

Deputy Prime Minister Vuong Dinh Hue stated that this year’s inflation is controllable, at 3.3 – 3.9 percent, while chairing a November 18 meeting on the recent surge in prices of pork, an essential foodstuff.

The Bank of Thailand (BoT) on November 6 cut its benchmark interest rate for the second time in three months to a record low of 1.25 percent.

Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on November 5 that positive results of the economy in October and the past 10 months create an important foundation for new production capacity and sustainable growth.

The southern metropolis of Ho Chi Minh City posted a month-on-month rise of 0.38 percent in the consumer price index (CPI) in October, the municipal Statistics Office reported.

Thanks to the support from the local administration and the dynamism of local firms, the northern province of Vinh Phuc has enjoyed high revenue from goods and services so far this year.

Ten of the 11 categories of main consumer goods and services have recorded price hikes in October, with the strongest month-on-month increase, 1.04 percent, seen in the food and food services group.

The Consumer Price Index (CPI) in October picked up 0.59 percent from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on October 29.

Vietnam expects to fulfill all socio-economic development targets in 2019, Prime Minister Nguyen Xuan Phuc told the National Assembly in Hanoi on October 21.

Deputy Prime Minister Vuong Dinh Hue, who is also head of the National Steering Committee on Price Management, has recently issued instructions to authorities to cope with rising pork prices.

With a GDP expansion of 7.31 percent in the third quarter, the growth target of 6.6 – 6.8 percent for 2019 set by the National Assembly is achievable and likely to reach 7.05 percent.

The World Bank (WB) has said the Malaysian government needs to diversify and increase its revenue resources, including widening coverage of the sales and services tax (SST) to rebuild fiscal buffers. ​