Tags: inflation

Vietnam’s retail sales down in five months

Vietnam’s retail sales down in five months

Total revenue of retail trade and services reached more than VND1.91 quadrillion (US$82.36 billion) in the first five months of this year, down 4% year-on-year, a report from the General Statistics Office (GSO) showed.

PM: Vietnam aims to contain COVID-19 within one month

PM: Vietnam aims to contain COVID-19 within one month

The Government will take more drastic actions to contain the spread of the COVID-19 pandemic in the next one month, Prime Minister Nguyen Xuan Phuc said while concluding the government's regular meeting for March on April 1.

New manufacturing orders hit 4-month high

New manufacturing orders hit 4-month high

Business conditions improved in the Vietnamese manufacturing sector during December as new orders rose to a four-month high, according to a report released by IHS Markit on January 2.

Vietnam’s November PMI up from last month

Vietnam’s November PMI up from last month

The Vietnam Manufacturing Purchasing Managers’ Index registered 51.0 in November, up from the neutral reading of 50.0 in October, according to the latest IHS Markit report released in early December.

Inflation pressure weighs on Vietnam in final months

Inflation pressure weighs on Vietnam in final months

Although full-year inflation will probably be contained at less than 4%, the average consumer price index (CPI) in the first nine months of 2018 was already 3.57%, putting the efforts to curb inflation in the remainder of the year under even greater pressure.

Credit growth must be controlled: experts

Credit growth must be controlled: experts

Authorities need to closely control the rapid increase in Vietnam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.

Fuel prices set to put pressure on inflation

Fuel prices set to put pressure on inflation

Increases in environmental protection taxes on petroleum from the beginning of next year would weigh heavily on inflation, especially as fuel prices rise worldwide, according to the Vietnam Institute For Economic and Policy Research (VEPR).

Inflation under control: Deputy PM

Inflation under control: Deputy PM

Despite complicated changes in the world situation, Vietnam has shown strong performance in stabilizing prices and reining in inflation, keeping the average at only 3.57 percent in the first nine months over 2017.