Saturday, June 06, 2020 6:17:33 AM - Markets open
VN-INDEX 886.22 +2.32/+0.26%
HNX-INDEX 118.08 +0.66/+0.56%
UPCOM-INDEX 56.43 +0.11/+0.19%
This year’s CPI expands 3.54 percent from 2017: GSO - 12/28/2018 9:46:45 AM
 (0 ratings. You must sign in to rate.)
2018 is considered a successful year in controlling inflation as the average consumer price index (CPI) rises by 3.54 percent from 2017 and 2.98 percent from last December, meeting the CPI growth target of under 4 percent.
The information was released at a press conference of the General Statistics Office (GSO) in Hanoi on December 27.
Director of the GSO’s Price Statistics Department Do Thi Ngoc pointed out several factors that lead to price hike, including the scheduled increases of medical service prices, tuition fees, and the region-based minimum wage for employees at businesses that has subsequently led to higher prices of household appliances and house repair, electricity and water equipment instalment and repair, and domestic help services.
Other contributors to the CPI expansion include price rises of food, public transport services, gas, house rental, petrol and tourism services.
GSO Director General Nguyen Bich Lam said sectors and authorities at all levels have actively taken measures to keep the CPI expansion at less than 4 percent as targeted by the National Assembly.
In 2018, the US Federal Reserve raised the benchmark interest rate four times, which has made the US dollar appreciate against other currencies, thus resulting in a higher USD/VND exchange rate.
However, thanks to the State Bank of Vietnam’s efforts in setting the daily reference exchange rate in comparison to eight key currencies, the USD price in the domestic market has still been kept within the trading band of +/-3 percent.
Meanwhile, domestic gold prices have fluctuated in line with global ones, Lam noted.
The core inflation, which is the CPI excluding food items, energy products and State-managed commodities (healthcare and educational services), in December increased by 0.09 percent from last month and 1.7 percent from the same period last year. The whole year’s figure climbed 1.48 percent from 2017, according to the GSO.
During its recent session, the National Assembly still maintained the inflation target of about 4 percent for the next year.–VNA
Read original article here
Newer News
04/06 Vietnamese economy bounces back in May: WB
29/05 May CPI shows slight reduction due to dropping petrol, power, rice prices
29/05 Foreign Ministry: Vietnam recovers economy during, after COVID-19
19/05 Energy firms drive VN market
14/05 Footwear sector’s support industry should focus on developing new materials
14/05 SBV’s policy rate cut a positive sign for market, economy: experts
29/04 PM allows rice export resumption from May 1
26/04 Digital economy expected to add 30% to GDP by 2030
26/04 Digital economy to be pillar of future society
24/04 Standard Chartered lowers Việt Nam’s 2020 growth forecast to 3.3%
Older News
28/12 Tra fish exports surge to set new record
26/12 Deputy PM calls for Japanese investment in automobile, energy
26/12 Hanoi continues to be most attractive FDI destination
25/12 Seafood exports rake in about 9 billion USD in 2018
24/12 PM works with advisory team on 2019 growth targets
24/12 Tien Giang province’s export turnover hits 2.7 billion USD
21/12 Middle East, Africa as potential destinations for Vietnamese goods
18/12 Việt Nam’s tra exports exceed $2b for first time
18/12 Vietnam becomes Asia’s hottest investment destination: Forbes
17/12 Local firms prepare for CPTPP’s strict regulations
Newsletter Signup
Top Stories
Reference exchange rate down 2 VND on June 4
Foreign Ministry: Vietnam recovers economy during, after COVID-19
Reference exchange rate down 5 VND on March 26
Reference exchange rate up 5 VND on March 18
Shares tumble over WHO declaration of COVID-19 pandemic
Market Update
Last updated at 3:10:07 PM
VN-INDEX 886.22 +2.32/+0.26%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.