Want to be in the loop?
subscribe to
our notification
Business News
CORE INFLATION TO RISE TO ROUGHLY 2% IN 2016
NFSC statistics showed that core inflation (excluding food, energy and commodities managed by the State but including health and education services) remained stable at less than 2 per cent in the first seven months of the year.
After rising for six consecutive months, the cyclical inflation component no longer increased as fast as it did in the previous period and started moving sideways, indicating that the influence on CPI of the old price cycle (health services, education, food) would stabilise in the coming months, NFSC said.
According to the General Statistics Office, the monthly CPI consecutively increased year-on-year since November 2015 but stopped rising in July 2016. CPI grew by 2.39 per cent in July, lower than the 2.4 per cent growth registered in June.
Besides this, the CPI in July 2016 rose by 2.48 per cent from the beginning of the year, mainly due to the increase in public services, with health care up 1.32 per cent and education up 0.14 per cent. The increase in public services accounted for up to 56 per cent of the total CPI growth since the beginning of the year.
During the period, food and foodstuff rose only 0.1 per cent and 0.58 per cent, which contributed only 3.9 per cent and 22.1 per cent, respectively, to the general CPI .
Besides this, thanks to basic elements, including aggregate demand and production costs, that continue to be stable, the long-term inflation component still remained low, the NFSC said.
Source: VNEP
Related News
DIGITAL TRANSFORMATION IN LOGISTICS – A KEY TO UNLOCKING SUSTAINABLE E-COMMERCE AND ECONOMIC DEVELOPMENT
Accelerating digital transformation in logistics is critical in order to promote the sustainable development of e-commerce, a conference on applying technology held by the Ministry of Industry and Trade heard on Thursday, as well as accelerating overall economic growth.
SOILBUILD EXTENDS ITS HORIZONS INTO VIETNAM INDUSTRIAL REAL ESTATE
Soilbuild Group, an integrated real estate group, has broadened its investment in industrial real estate to Vietnam through its Soilbuild International division. The official launch of Soilbuild International (Vietnam) took place in Hanoi on May 9th, 2024, and was attended by esteemed guests, including domestic and international partners.
SEMINAR: BUSINESS SPOTLIGHT - THE HONG KONG-INSPIRED PRESENCE NESTLED IN THE HEART OF HANOI'S EAST
16h00 - 18h00, Wednesday (May 22nd, 2024)Almaz Convention Center - Hanoi (GG map: https://maps.app.goo.gl/YtWyGgkiTwWvFnfX6)
VIETNAM SECURES REMARKABLE ECONOMIC SUCCESSES SINCE NATIONAL REUNIFICATION
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world. Back to 1975, Vietnam, torn by two major wars, was a backward economy dependent on agriculture and foreign assistance. Foreign loans and aid accounted for over 63 percent of its budget.
350 EXHIBITORS TO TAKE PART IN HCM CITY PAPER, COATINGS, RUBBER, PLASTIC EXPOS
They will have a total display area of 10,000sq.m, 30 per cent more than last year, and the participation of over 350 local and international exhibitors who will showcase thousands of products and technologies.
INT’L INVESTORS EYE VIETNAM’S DATA CENTER MARKET – REPORT
Vietnam’s data center market is increasingly attractive to foreign investors, driven by the country’s expanding digital economy, rising data consumption, and supportive government policies, said a new report by JLL. While Vietnam’s data center sector has traditionally been dominated by local telecommunications companies, global players are now entering the market.