CPI climbs 3.21% through May amid strong trade and FDI growth
VOV.VN - Vietnam’s consumer price index increased steadily in May, while trade and investment activities showed robust growth during the first five months of the year.
The General Statistics Office on June 6 released its report on socio-economic situation for May and the first five months of 2025.
The consumer price index (CPI) in May rose 0.16% compared to the previous month, primarily driven by higher costs for housing rent, home maintenance materials, electricity, and dining out. Compared to December 2024, CPI increased 1.53%, and it was up 3.24% year-on-year. The average CPI in the first five months rose 3.21%.
Among 11 major groups of goods and services, 10 saw price increases in May, while transportation prices declined. Core inflation soared 0.33% month-on-month and 3.33% year-on-year. The five-month average core inflation was 3.10%, slightly below the overall CPI increase. Gold prices surged 10.47% in May, while the US dollar index rose 0.68%.
Regarding trade, total import-export turnover reached US$78.64 billion in May, up 5.8% from April and 15.5% year-on-year. In the first five months, turnover hit US$355.79 billion, a 15.7% increase; exports grew 14%, imports rose 17.5%, resulting in a trade surplus of US$4.67 billion.
The US remained Vietnam’s largest export market with US$57.2 billion in trade value, while China led imports at US$69.4 billion.
More than 111,800 enterprises were newly established or resumed operations during the first five months, marking an 11.3% increase year-on-year, averaging 22,400 per month. Meanwhile, about 111,600 enterprises exited the market, up 14.4%, averaging 22,300 per month.
State budget investment disbursement totaled approximately VND 221.8 trillion over five months, a 15.3% increase. Registered foreign direct investment (FDI) surged 51.2% to US$18.39 billion, with estimated disbursement rising 7.9% to US$8.9 billion. Vietnamese outbound investment more than doubled, reaching US$317.3 million.
Hanoi’s CPI up 2.89% in four months
Hanoi’s consumer price index (CPI) in the first four months of 2025 increased by 2.89% compared to the same period last year, according to the municipal Statistics Office.
May exports up 14%, trade surplus estimated at US$4.67 billion
VOV.VN - Vietnam’s total export-import turnover posted a strong increase in May, with exports up 14% year-on-year and a trade surplus estimated at US$4.67 billion, a result considered encouraging amid continued global trade headwinds.
