The Hanoitimes - Core inflation in January picked up 0.3% month-on-month, resulting in an increase of 1.83% year-on-year. Vietnam’s 4% inflation target in 2019 within reach: Experts Inflation is under control in Vietnam: Deputy PM Vietnam's consumer price index (CPI), a gauge of inflation, saw an increase by 0.10% in January against the previous month, and up 2.56% year-on-year, according to the General Statistics Office (GSO). Illustrative photo. Nine out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, of which, beverages and cigarettes posted the highest increase of 0.69%, followed by food and catering services 0.66%, and garment, footwear and hat group 0.39%, mainly due to high consumption demand in preparation for Tet holidays. Prices of other groups also picked up such as housing, water and electricity supply, and construction materials (0.35%); culture, entertainment, and … [Read more...] about Vietnam consumer prices rise 0.1% m/m in January
House prices rise
Vietnam consumer prices rise 0.33% m/m in October
The Hanoitimes - Core inflation in October picked up 0.13% month-on-month, resulting in an increase of 1.67% year-on-year on average in the January - October period. Vietnam's CPI, a gauge of inflation, saw an increase of 0.33% in October against the previous month, and up 3.89% year-on-year, according to the General Statistics Office (GSO). Illustrative photo. The gauge marked an increase of 3.54% compared to the end of 2017. Ten out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices. Among them, transportation costs posted the sharpest increase of 1.55%. This was seen a result of an increase in fuel retail prices on October 6, leading to a 3.45% increase in the price and contributing 0.14 percentage points to the overall CPI growth. Other groups that also saw their prices pick up included education (0.58%); food and catering services (0.22%); housing, water and electricity supply, and … [Read more...] about Vietnam consumer prices rise 0.33% m/m in October
Vietnam consumer prices rise 0.59% m/m in September
The Hanoitimes - Core inflation in September picked up 0.14% month-on-month, resulting in an increase of 1.61% year-on-year on average in the January - September period. Vietnam's CPI, a gauge of inflation, saw a sharp increase by 0.59% in September against the previous month, and up 3.98% year-on-year, according to the General Statistics Office (GSO). Illustrative photo. The gauge marked an increase of 3.20% compared to the end of 2017. Ten out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, of which, education posted the highest increase of 5.07%. Prices of other groups also picked up such as food and catering services (0.44%); foodstuff (0.51%); housing, water and electricity supply, and construction materials (0.2%); culture, entertainment, and tourism (0.09%); beverages and cigarettes (0.09%); household equipment and appliances (0.13%); medicine and healthcare services … [Read more...] about Vietnam consumer prices rise 0.59% m/m in September
Vietnam consumer prices rise 0.45% m/m in August
The Hanoitimes - Increases in pork and vegetables prices were significant in a higher Vietnam`s consumer price index (CPI) in August compared to July. Vietnam's CPI, a gauge of inflation, saw a sharp increase by 0.45% in August against the previous month, and up 3.98% year-on-year, according to the General Statistics Office (GSO). The gauge marked an increase of 2.59% compared to the end of 2017. Illustrative photo. Ten out of 11 commodity groups, which are components of the basket for CPI calculation, witnessed monthly hikes in prices, of which, food and catering service posted the highest increase of 0.87%. The GSO pointed to an increase of 3.41% month-on-month in pork prices and a 2.87% rise in vegetables prices as reason for higher food prices, contributing 0.25 percentage points to a higher CPI. Prices of other groups also picked up such as education (0.46%); foodstuff (0.1%); housing, water and electricity supply, and construction materials … [Read more...] about Vietnam consumer prices rise 0.45% m/m in August
HCMC housing price rises due to specification
There has been an increase in prices of houses and land in the city. The Department affirmed the volatility of housing segment in the property market follows the laws of supply and demand. Notwithstanding, more people bought houses as there has been rise in price of land; consequently, land price has gone up more. Speculation and incorrect information resulted in high transaction value, even 70 percent rise compared to same period last year. The Department said present high land price is in some areas which have poor traffic and infrastructure. Accordingly, in its document to People’s Committee, the Department wants to take steps to curb property bubble in some areas for a transparent and sustainable development of real estate. The Department said in its document that participation of related agencies, local governments and state bank of Vietnam is needed to curb the property bubble. Specifically, the Department of Environment and Natural Resources, the Department of … [Read more...] about HCMC housing price rises due to specification