The domestic retail price of RON 92 petrol increased by VND319 to VND18,111 (79 cents) per litre, as of 3pm on September 20.
With substantial supply in the mid and high-end segments, the residential index for Ho Chi Minh City in August increased significantly against August 2016, according to the Savills Property Price Index (SPPI) report.
Hypermarkets, supermarkets and convenience stores are competing with single-price chains which have been cementing their positions in Vietnam.
Vietnam’s Ministry of Industry and Trade has asked the government to raise the buying price for wind power in an effort to help investors cover high input costs.
The consumer price index (CPI) in August rose 0.92% from the previous month and 3.35% over the same period last year, according to the General Statistics Office (GSO).
Health Minister Nguyen Thi Kim Tien and US Secretary of Health and Human Services Thomas E. Price signed a memorandum of understanding on August 23 on developing a national reference medical laboratory for Vietnam.
The Ministry of Industry and Trade (MoIT) has not found evidence supporting accusations by the Vietnam’s Pepper Association (VPA) of price manipulation by foreign traders in the pepper market.
The price of pepper in Vietnam has gone up and down recently, allegedly due to unexpected Chinese purchases.
It will be difficult to curb inflation if unreasonable measures are used to reach a GDP growth rate of 6.7% and low inflation rate of 4% in 2017.
A new decision by Prime Minister Nguyen Xuan Phuc has given more authority to the State-owned Electricity of Vietnam (EVN), the largest supplier of electricity in the country, in deciding power prices.
The plan to have 1,000 MW of wind power by 2025 will depend on the government’s policies and electricity prices.
Keeping average inflation below 4 percent is achievable this year, said Deputy Prime Minister Vuong Dinh Hue during a meeting of the Steering Committee on Price Management last weekend.
Vietnam’s macro economy remained stable in the first six months of 2017 while inflation was curbed so as to reach the national steering committee on price management’s yearly target of 4%.
The consumer price index (CPI) of Ho Chi Minh City in June remained unchanged from the previous month, but rose 3.27% compared to the same period last year, reported the municipal statistics office on June 29.
The consumer price index (CPI) in the first half of 2017 rose 4.15 percent compared to the same period last year, head of the Price Statistics Department under the General Statistics Office Vu Thi Thu Thuy reported at a press conference in Hanoi on June 29.
People, particularly those working in informal sectors and housewives, are afraid of a possible surge in the prices of goods as soon as the basic salary for civil servants and public employees increases next month.
The price of RON 92 declined by VND862 per litre to VND16,504 (US$0.72) from 3:00pm on June 20 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
Market research firm MarketIntello has forecast that Vietnam’s inflation may fall to below 3%, lower than the rate of 3.8% it predicted last month.
The 2017-18 coffee crop is expected to yield around 1.4 million, which is equal to or slightly lower than last year’s harvest, according to the Vietnam Coffee and Cocoa Association.
Consumer price index (CPI) in May dropped by 0.53% from the previous month mostly due to a sharp fall in food prices, the General Statistics Office (GSO) said on May 29.