Retail petrol prices rose by more than 400 VND from 3pm on January 11, the fourth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
The consumer price index (CPI) climbed 3.85 percent year-on-year between January and September, the highest nine-month CPI growth over the last five years, the General Statistics Office reported.
The northern province of Vinh Phuc saw its Consumer Price Index (CPI) of the first eight months of this year rise by 4.76 percent year on year, which is the highest increase for the period for the past five years, according to the provincial Statistics Office.
New policies are in the making to allow foreign firms to gain greater footing in Vietnam's petrol retail market, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s CPI this year must be controlled and grow by less than 4 percent, and this is one of the tasks to develop the economy during the remaining months of 2020, Prime Minister Nguyen Xuan Phuc said on July 1.
The June CPI in Ho Chi Minh City was up 0.66 percent from last month, and up 2.1 percent from the same month last year, the city’s statistics office said on June 30.
The June consumer price index (CPI) rose 0.66 percent month-on-month and 3.17 percent year-on-year but was down 0.59 percent against December 2019, the General Statistics Office reported on June 29.
Retail petrol prices rose sharply from 3pm on June 12 - the third hike in the past month - following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
The local consumer price index (CPI) fell to the lowest level in five years this month, but for the first five months of the year, the CPI still peaked due to rising pork prices.
Retail petrol prices were adjusted upwards on May 13 in the latest review by the Ministry of Industry and Trade and the Ministry of Finance after being cut eight times in succession this year.
Business
