The COVID-19 pandemic has impacted economies and commodity markets globally, including Vietnam, and domestic prices will continue to fluctuate and be more closely linked to the fluctuations of raw material and fuel prices on the world market.

While there are several upside risks, moderating food prices should keep Vietnam’s inflation under control.

The Ministry of Labour, Invalids and Social Affairs (MoLISA) is collecting ideas on a draft proposal to the Government in which the National Wage Council suggests it not raise the region-based minimum wage in 2021 after considering the socio-economic circumstances.

The consumer price index (CPI) in the capital city grew up 1.8% in February from the previous month, according to the Hanoi Statistics Office.

The consumer price index (CPI) in the southern largest economic hub of Ho Chi Minh City increased 1.19% in February from the previous month, according to the city’s Statistics Office.

Vietnam’s consumer price index (CPI) in February was up 1.52% over the previous month and 0.7% year on year, according to the General Statistics Office (GSO).

The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72% and an average consumer price index (CPI) of 4.2% under an optimistic scenario.

The consumer price index (CPI) inched up 0.06% in January against December last year, and down 0.97% year-on-year, according to the General Statistics Office of Vietnam (GSO).

VOV.VN - Despite suffering a slowdown in production and business activities as a result of the impact caused by the novel coronavirus (COVID-19) pandemic, the Vietnamese economy enjoyed positive annual growth of 2.91% in 2020, according to economic experts.

VOV.VN - Vietnam is likely to meet its target of reining in inflation at a rate of below 4% in 2021, although experts warn that unfavourable factors could impact market fluctuations.