Fuel prices set to put pressure on inflation Business

Fuel prices set to put pressure on inflation

Increases in environmental protection taxes on petroleum from the beginning of next year would weigh heavily on inflation, especially as fuel prices rise worldwide, according to the Vietnam Institute For Economic and Policy Research (VEPR).
Concern grows over Tet price hikes Business

Concern grows over Tet price hikes

The petrol retail price saw its highest surge so far this year on Saturday, raising concerns over unpredictable impacts to the economy and the possible increase of goods prices during the upcoming Tet (Lunar New Year) holidays, experts said.
HCM City’s CPI up 0.48 percent in August Business

HCM City’s CPI up 0.48 percent in August

The consumer price index (CPI) of Ho Chi Minh City in August increased 0.48 percent against the previous month and 3.51 percent compared with the same period last year, the municipal Statistics Office reported on August 30.
Vietnam witnesses robust socio-economic development in 7 months Business

Vietnam witnesses robust socio-economic development in 7 months

Vietnam has recorded robust socio-economic development in the first seven months of the year, with stable macro-economy, and good control over inflation, in the context of the escalating US-China trade war, said Minister-Chairman of the Government’s Office Mai Tien Dung.
Huge cost hikes at Hai Phong city’s projects Business

Huge cost hikes at Hai Phong city’s projects

Most construction projects in the northern port city of Hải Phòng are running well above their initial cost estimates, with the cost hikes in some cases reaching thousands of billions of VND, according to a recent inspection by the Government Inspectorate.
HCM City’s CPI up 0.55 percent in June Business

HCM City’s CPI up 0.55 percent in June

The consumer price index (CPI) of Ho Chi Minh City in June increased 0.55 percent from the previous month and 3.47 percent compared to the same month last year, the municipal Statistics Office reported on June 29.
WB: Vietnam’s economy improves further Business

WB: Vietnam’s economy improves further

Vietnam’s economy is forecast to continue improving, with gross domestic product (GDP) to expand by 6.8 percent this year, said the World Bank (WB) in its latest economic update for Vietnam.
Footwear giants flock to Vietnam Business

Footwear giants flock to Vietnam

Global footwear brands like Adidas, Nike and Puma are increasingly turning to Vietnam for their manufacturing needs due to its affordable labour costs and free trade agreements.