Want to be in the loop?
subscribe to
our notification
Business News
HCMC’S JANUARY CPI RISES 2.76% Y-O-Y
HCMC’s consumer price index (CPI) edged up 2.76% year-on-year in January 2024, according to the city’s Statistics Office. This figure was lower than the national average of 3.37%. The country’s inflation target is at below 4% for this year.
Among the 11 groups of consumer goods and services used to calculate the CPI, the prices of 10 groups increased last month.
The most significant price increase was observed in the pharmaceuticals and healthcare services group, which surged by 7.74%. Following closely was the education group, with a 7.5% rise.
Accommodation and construction materials also contributed to the uptick, with prices increasing by 4.45%. The group of other goods and services inched up by 3.72%, while transportation costs drove up the CPI given its 3.1% rise.
Food-dining and culture-entertainment-tourism services saw relatively modest increases of 1.45% and 2.3%, respectively.
The beverage-tobacco group recorded a slight uptick of 1.34%, while the growing consumer demand led to a 0.95% increase in prices of footwear, hats and textiles. Household equipment and appliances picked up a fractional 0.23%.
In contrast, the postal and telecom services category declined by 3.5%.
Source: The Saigon Times
Related News
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.