VIETNAM PRIORITIZES PLAN TO KEEP FULL-YEAR CPI GROWTH AT 3.3%

Customers browse fresh produce at a supermarket in HCMC - PHOTO: MINH HOANG

HCMC – Vietnam is prioritizing a scenario in which the country’s average consumer price index (CPI) increases by around 3.3% this year, Deputy Prime Minister Ho Duc Phoc said at a national price management meeting on November 21.

The Ministry of Finance outlined two CPI scenarios for 2025, projecting average growth of either 3.3% or 3.5%, based on expected price pressures and factors that could ease them in the remaining months. Phoc asked ministries and local authorities to focus on maintaining CPI growth at the lower level while tightening oversight of essential goods such as electricity, water, and food.

According to the ministry, domestic markets remained stable during the first ten months of the year, with sufficient supply to meet consumer and production needs, even during peak periods.

Phoc noted that public investment disbursement would accelerate toward year-end and urged provinces to ensure the availability of construction materials, including sand, stone, and gravel, for ongoing projects.

He also requested close monitoring of supply and demand for key commodities—food, fuel, production inputs, and real estate—to stabilize markets, support provinces affected by flooding, and ensure adequate supplies ahead of the Lunar New Year.

Source: The Saigon Times