The average consumer price index (CPI) in the first four months of this year inched up 0.89% from the same period last year, the lowest rise for the period since 2016 and clearing the way for the country to achieve its goal of keeping inflation at below 4% for the year as a whole.
The Ministry of Finance (MoF)'s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted, said director of the department Nguyen Anh Tuan.
While the expansion of the consumer price index (CPI), seen as a gauge for inflation, remained under control, growing prices of input materials and heating up economic activities are factors that could increase inflationary pressure on the remaining months of the year.
With borders closed and travel restricted since early 2020, cross-border e-commerce has proved itself as a game changer, setting the scene for Vietnamese traders to climb up the global supply chain and reducing risk of disruption caused by an unprecedented crisis like COVID-19.
Vietnam is the largest gold consuming market in Southeast Asia and among the top 10 in the world, according to Andrew Naylor, Director of ASEAN World Gold Council (WGC).
The consumer price index (CPI) in Ho Chi Minh City inched up 0.001% in April against March, according to the city’s Statistics Office.
The UN Development Programme (UNDP) and the Embassy of Sweden in Vietnam announced key findings of the Study on Corporate Awareness and Implementation of Responsible Business Practice in Vietnam in 2020 at an event in Hanoi on April 22.
VOV.VN - The consumer finance market in the year ahead is predicted to struggle making any significant breakthroughs, despite lending interest rates witnessing a downward trend, according to experts.
The COVID-19 pandemic is significantly changing the landscape of the consumer credit market as consumers tend to tighten their budget and pay more attention to healthcare, environment and lifestyle as well as switching to online shopping.
Though Vietnam’s outstanding consumer credit almost tripled over the last decade, its share of total outstanding loans is yet to keep pace with that of its regional nations. There is plenty of room for improvement in the time to come, industry insiders have said.