The country's May consumer price index (CPI) rose by 0.05% against April, 1.24% compared to the index in December 2023, and 4.44% year-on-year, the General Statistics Office announced on May 29.
May consumer price index rises by 0.05% against April (Photo: VNA)
Hanoi (VNA) – The country's May consumer price index (CPI) rose by 0.05% against April, 1.24% compared to the index in December 2023, and 4.44% year-on-year, the General Statistics Office announced on May 29.
The increase was attributed to the supply shortage after the African swine fever epidemic at the end of 2023, and a rise in household electricity prices due to hot weather.
Among the 11 main groups of consumer goods and services, seven saw price hikes compared to the previous month, while three saw declines and one stayed unchanged.
In the first five months of this year, the index inched up 4.03% year-on-year, and core inflation increased by 2.78%.
In the period, the education group’s price index increased by 8.7% as in the 2023-2024 academic year, some provinces and centrally-run cities raised tuition fees, causing the overall CPI to expand by 0.54 percentage point.
Increases in prices of drugs and medical services (up 6.8%), housing and construction materials (5.49%), and culture-entertainment-tourism services (1.6%) also led to the CPI hike.
In the period, the price of postal and telecommunications services reported a year-on-year decrease of 1.46%.
༺ In May, domestic gold prices fluctuated in the same direction as the world’s. The domestic gold price index in the month increased by 3.81% compared to the previous month, up 21.47% compared to December 2023 and 32.18% year-on-year. The average increase in the first five months of 2024 is 22.95%./.
The consumer price index (CPI) in April inched up 0.07% from the previous month and 4.4% year on year, mainly fueled by a petroleum price hike, the General Statistics Office (GSO) said on April 29.
Vietnam's consumer price index (CPI), a key measure of inflation, climbed 3.77% year-on-year in the first quarter, General Director of the General Statistics Office (GSO) Nguyen Thi Huong told a press conference in Hanoi on March 29.
Vietnam’s Consumer Price Index (CPI) increased 3.77% year-on-year in the first quarter of 2024 due to rising prices for domestic rice and services such as electricity, water, education and healthcare.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
