Recent reductions of fuel prices led to a slight decrease in the country’s CPI in August, according to Do Bich Ngoc, Deputy Director of the Price Statistics Department.
Recent reductions of fuel prices led to a slight decrease in the country’s consumer price index (CPI) in August, according to Do Bich Ngoc, Deputy Director of the Price Statistics Department under the General Statistics Office (GSO).
The August CPI dropped by 0.07 percent month-on-month but rose 0.61 percent year-on-year, raising the eight-month figure to 0.83 percent compared to the same period last year.
Seven of the 11 key goods and service categories saw their price hikes in August. The biggest increase – 0.87 percent – was recorded in the price of education, while the lowest rise of 0.03 percent was seen in medicine and healthcare services .
Slight increases were witnessed in food and restaurants (0.1 percent), beverages and tobacco (0.07 percent), and garments, footwear and hats (0.28 percent).
Meanwhile, four categories that experienced price falls in the month included transport (2.12 percent), housing and building materials (0.45 percent), post-communication services (0.02 percent), and other commodities and services (0.02 percent).
The prices of gold and US dollar in August saw fluctuations due to the devaluation of the Chinese yuan and the State Bank of Vietnam’s VND/USD exchange rate adjustment.
According to the GSO, the basic inflation in August increased 0.1 percent against the previous month and 1.98 percent compared to the same period last year, bringing the eight-month figure to 2.19 percent.
♒ Giving forecast on next month’s CPI, Ngoc said that the index will be likely to slightly rise because of increasing demands for foodstuff, school fee adjustments, and rising prices of imported commodities.-VNA
Consumer price index (CPI) for the month of July rose in the country's two largest cities, Hanoi and HCM City, according to the statistics offices in these cities.
The August consumer price index in Ho Chi Minh City declined 0.12 percent from the previous month, contributing to an annual 0.66 percent rise in the southern economic hub’s average eight-month index.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative photo (Photo: VNA)
