CPI increases 3.26% in 7M
The growth was driven primarily by higher costs in housing repairs, food, and dining services.
Government approves VEC's charter capital increase by $1.48 bln
The increased capital creates conditions for ransport infrastructure development.
January CPI up 0.98% following increased demand during Tet
The CPI increase mainly driven by adjusted healthcare fees, and higher transportation costs and food prices.
Ninh Binh province posts IIP increase of 11.48% in 8M
Total industrial production value estimated at $2.62 billion.
Vietnam's Airfare Inspection Reveals No Violations, But Room for Improvement
A recent inspection by the Civil Aviation Authority of Vietnam (CAAV) into airline ticket sales, pricing, and disclosures has found no violations of government regulations. However, the review highlighted inconsistencies in how airlines present fare information to consumers and a lack of awareness regarding promotional offers.
January imports from Cambodia up 116 per cent year-on-year
Import turnover from neighboring country stood at $373 million in the opening month of the year.
Banks race to raise deposit interest rates
State-owned commercial banks such as Vietcombank, VietinBank, and Agribank increased deposit interest rates by 0.8 to 1.3 per cent on September 27. This will likely push up all deposit rates.
Coastal real estate prices in Ha Long likely to rise further
Coastal real estate prices in Ha Long city in northern Quang Ninh province have increased sharply over recent years. They are still, however, only two-thirds of those seen in traditional coastal real estate markets such as Da Nang, Nha Trang, and Phu Quoc Island. According to investors, price rises will therefore be difficult to stop in Ha Long city, especially given the shortage of real estate in prime locations.
Rapid public investment disbursement may put pressure on bond interest rates
The pressure to issue government bonds to fund public investment projects is not overly high so interest rates should increase slowly. However, according to some analysts, rates may increase faster as the pace of public investment disbursement increases from now to the end of the year.
SBV Governor: Inflation under control
Vietnam’s inflation rate will come in at 2.25 per cent for the opening months of 2022, which is controllable, State Bank of Vietnam (SBV) Governor Nguyen Thi Hong told the third session of the 15th National Assembly on June 8. The rise mainly stems from higher prices for goods globally. Therefore, until the end of the year, monetary policy must closely follow the disbursement of recovery packages to avoid an impact on inflation.
May CPI at 0.38%
According to the General Statistics Office, increases in food and gasoline prices pushed up the CPI in May by 0.38 per cent compared to April. The CPI in the first five months of the year rose 2.25 per cent year-on-year. Core inflation in May was 0.29 per cent month-on-month. There are concerns that Vietnam’s economy will face inflationary pressure into the future.
KB Securities: USD/VND exchange rate may increase slightly in 2022
Rising foreign remittances in recent times have greatly helped the State Bank of Vietnam (SBV)’s management over exchange rates. But as the USD is becoming stronger while remittances only help “contain” the USD/VND exchange rate in the short term, KB Securities Vietnam has forecast that the rate may increase 0.5-1 per cent in 2022.
Demand for tourism staff heading upwards
According to the Vietnam National Administration of Tourism (VNAT), each year the tourism industry needs nearly 40,000 additional workers, but the number of students graduating each year is only about 15,000. Demand in the industry in the 2022-2030 period is forecast to account for 8 per cent of the total.
Community transmission of Covid-19 on the rise
Vietnam has recorded 6,324 cases of community transmission of Covid-19 in the last week, or nearly 1,000 each day. Many localities have had to change the level of prevention and control. The country has injected over 86 million doses of vaccine to date.
VN-Index to continue upwards
According to a report from the Vietcombank Securities Limited Company (VCBS), the VN-Index is forecast to continue to set new highs in the closing months of 2021, aiming for the threshold of 1,500 points. Trade will also be active in the group of highly speculative small-cap stocks, which are forecast to continue to attract cash flow.
Steel prices rise again
Some steel companies increased their prices on September 24 - the second time prices have increased in less than a month.
High coffee prices from social distancing
Social distancing around Vietnam has limited the supply of coffee in the international market, resulting in prices remaining “relatively high” into 2022.
Housing prices heading upwards
The prices of houses and certain types of real estate in most localities are on an upwards trajectory. Projects with central locations in major cities have very high prices, at up to VND650-800 million ($28,550-$35,145) per sq m. Despite the prices, however, transaction numbers continue to increase.
Opinions mixed on trade deficit
Vietnam has posted a trade deficit of $2.7 billion for the first seven months of 2021.
Car imports up sharply
Despite a decline in domestic consumption amid Covid-19, Vietnam’s motor car imports remained high in July, at 17,000 units worth more than $332 million, bringing total imports in the first seven months of the year to nearly 100,000 units worth $2.17 billion, an increase of 116.9 per cent in volume and 111.4 per cent in value over the same period last year.