Gso

Hanoi (VNA) – 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. The average CPI in the first half grew 4.19 percent, while core inflation (CPI excluding grains, fresh foodstuffs, energy, and State-managed healthcare and education) was 2.81 percent higher than in the same period of last year, data reveals. Seven of the eleven groups of main consumer goods and services recorded month-on-month price hikes in June - transport (6.05 percent), food and restaurant services (0.44 percent), beverage and cigarettes (0.09 percent), household appliances and goods (0.07 percent), medicine and healthcare services (0.01 percent), education (0.01 percent), and other goods and services (0.19 percent). Three groups saw falling prices - housing and construction materials (0.42 percent), postal and telecoms services (0.04 percent), and culture, … [Read more...] about CPI up 0.66 percent in June

Hanoi (VNA) - Bloomberg newspaper said on June 29 that Vietnam’s economy unexpectedly grew in the second quarter despite the impact of COVID-19. It cited data from the General Statistics Office (GSO) as saying that GDP rose 0.36 percent year-on-year compared to a revised 3.68 percent in the first quarter. The median estimate in a Bloomberg survey of economists was for GDP to shrink 0.9 percent. On a six-month calculation, GDP grew 1.81 percent, making Vietnam one of the best performers in Southeast Asia. Exports fell 2 percent in June compared to a year earlier, while imports climbed 5.3 percent. The CPI rose 3.17 percent year-on-year in June and 2.4 percent month-on-month. The government aims to cap average inflation at 4 percent this year. The article said Vietnam’s export-reliant economy is taking a knock as the virus disrupts global supply chains and dampens demand, and added that Prime Minister Nguyen Xuan Phuc had forecast in May that the economy could post … [Read more...] about Bloomberg: Vietnam’s economy grows unexpectedly in Q2