35 C
Ho Chi Minh City
Monday, March 18, 2024

spot_img

TAG

GDP

Be cautious with inflation

The consumer price index (CPI) in the first two months of this year picked up by 3.67% versus the same period last year, according to the General Statistics Office. It is below the 4.6% recorded in January-February in 2023. Looking more closely at the factors behind inflation in January-February this year, food prices made a significant contribution as they surged by 16.49% year-on-year. The persistently high food prices may continue to drive inflation higher in the near future. Higher food prices drive inflation In the year to end-February, the CPI inched up by 3.67% over the same period last year while core inflation increased by 2.72%. In the first two months last year, the CPI rose by a sharp 4.6% and core inflation picked up by 5.08%, exceeding headline inflation. Thus, core inflation in early 2024 was significantly lower than in the previous year, and the impact from monetary factors on the CPI was also milder. However, despite the recently announced CPI showing a lower increase than in the same period last year, when scrutinizing the commodities in the CPI basket, there is still concern about a return of high inflation this year. Specifically, in the CPI structure, food prices […]
To read more, please click here.

Recovery seen in various industries – PM

HCMC - Prime Minister Pham Minh Chinh today, March 14, highlighted positive improvements across a range of industries as he addressed a conference on...

Vietnam’s Q1 economic expansion projected at 5.5% – UOB

HCMC – Vietnam's economic trajectory in the first quarter of this year indicates solid growth momentum, with gross domestic product (GDP) expected to grow...

Challenges for merchandise trade

In 2023, Vietnam’s merchandise exports and imports dropped by 6.6% year-on-year to an estimated US$683 billion. Export revenue fell by 4.4% to US$355.5 billion...

Looking back at 2023

The nation’s per capita GDP in 2023 at current prices was an estimated VND101.9 million, or US$4,284, an increase of US$160 compared to 2022....

Vietnam overcomes economic headwinds in 2023: PM

HCMC – Vietnam successfully navigated the headwinds in 2023 despite external and internal woes, said Prime Minister Pham Minh Chinh at a hybrid conference...

Vietnam’s GDP rises 5.05%

Vietnam’s gross domestic product (GDP) has expanded by 5.05% this year, below the 6.5% target due to ongoing local and global economic challenges, the...

Vietnam’s GDP rises 5.05%

HCMC - Vietnam's gross domestic product (GDP) has expanded by 5.05% this year, below the 6.5% target due to ongoing local and global economic...

ADB slashes Vietnam’s 2023 growth forecast to 5.2%

HCMC - The Asian Development Bank (ADB) has adjusted Vietnam's growth projection for 2023 to 5.2%, down from the previous estimate of 5.8%. However, the...

Business health index in decline

The White Book on Vietnamese Businesses 2022 shows that in 2017-2021, only 83% to 85% of registered enterprises reported their business performance, with 42%...

Latest news

spot_img