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Tag Archive for ‘CPI’

Brokers Say Vietnam Market Downtrend To Continue

Securities enterprises still maintained a downbeat outlook over the trend of the local stock market, saying that the VN-Index may edge down in this week’s early sessions, with blue-chip tickers being the major drag on the southern bourse. Last Friday, the selling pressure weakened but the market retraced in opposite directions with the VN-Index increasing […]

Inflation Rates Should Be Kept At 8 Percent in 2012: Vietnam Prime Minister

Prime Minister Nguyen Tan Dung has asked ministries, agencies and localities to coordinate closely to contain the rate of inflation at no more than 8 percent. Addressing a monthly cabinet meeting in Hanoi on October 28, PM Dung urged the State Bank of Vietnam to tighten management of the gold market, continue stabilizing exchange rates, […]

Vietnam Inflation Cools Off Again In October

HA NOI (VNS) — The country’s CPI is under control this month with an increase of 0.85 per cent after soaring 2.2 per cent in September, the General Statistics Office said yesterday. Compared to the figure of last October, the index rose by 7 per cent, a level the office said would help keep inflation rates in single digits this year. The office’s Consumer Price Index Department deputy director Ngo Thi Anh Duong said the move was due to an increase of 0.29 per cent in prices of foodstuff and restaurant services, which accounted for up to 40 per…

China manufacturing shows signs of recovery

China’s manufacturing sector showed signs of recovery on Wednesday as an HSBC survey provided fresh evidence that the worst may be over for the world’s number two economy. The preliminary purchasing mangers’ index (PMI) released by the British banking giant hit 49.1 this month, the highest level in three months and up from 47.9 in September. A reading above 50 indicates growth. While the figure marks the 12th straight month of contraction, it is also the second consecutive monthly improvement and adds to recent indications China’s economy is on the mend after…

Oct 24: Vietnam Shares Slump Despite Low Inflation Data

HA NOI – (VNS) Continued sluggish trading depressed shares on the two national stock exchanges this morning despite news of a modest increase in CPI (consumer price index) this month. The CPI in October rose just 0.85 per cent against the previous month, a modest increase amid rising concern about inflation, the General Statistics Office announced this morning.On the HCM City Stock Exchange, the benchmark VN-Index went down 0.37 per cent to stand at 396.22 on a turnover of almost VND346 billion (US$16.5 million). Most blue chips decreased slightly or closed unchanged with a low…

Major cities in Vietnam see slower inflation

HA NOI (VNS)— The consumer price index (CPI) in Ha Noi inched up 0.37 per cent against last month, while the corresponding index in HCM City increased by 0.4 per cent, according to the statistics office. According to the HCM City Statistics Office, CPI in the country’s biggest economic hub surged 3.8 per cent against last December and 4.86 per cent against the same period last year. The group of housing, electricity, fuel and construction materials saw the highest rise in October: 1.46 per cent against the previous month. Prices of clothes, hats and footwear followed, increasing by 0.58 per cent…

Vietnam October CPI Slows Down to 0.85%: GSO

Vietnam consumer price index (CPI) in October is estimated to have risen by 0.85% from September after surging 2.2% in the month earlier, the General Statistics Office said. The October CPI led the figure to +6.02% from December 2011 and +7% from October 2011…

Losses Seen Extending This Week In Vietnam: Brokers

Securities firms have forecast stock trading could remain flat early this week as worries about a possible rise in the October consumer price index will keep investors on the sidelines. Last Friday, both indices gained in early trade but fell into negative territory in the middle of the morning session after the announcement of Long An Province’s month-on-month CPI rise at 1.4%. Meanwhile, the October CPI of Hanoi increased 0.37% month-on-month and 6.75% year-on-year. These figures stoked fears that the Government will take actions to ensure the inflation target of 8-9% could be achieved…

Getting Rid of Vietnam’s Instability

Monetary and financial situation in September 2012 showed signs of instability, said the National Financial Supervisory Commission (NFSC), adding that without successful remedies soon enough, it may cause difficulties to the control of inflation and On that basis, the oversight body proposed solutions to address these problems. Volatile inflation According to its report sent to […]

Vietnam NA’s fourth session opens to focus on important issues

On October 22nd 2012, the National Assembly term XIII opened its one-month fourth session, in which many important issues are scheduled to be discussed and decided. On his opening speech, NA Chairman Nguyen Sinh Hung said that in 2012 the country had exerted great efforts to curb inflation, stabilize the macro economy, ensure social welfare, and maintain suitable growth along with renewing the growth model and restructuring the economy. However, he also noted difficulties and challenges that the country was facing, including low economic growth rate, a risk of high inflation, the management of the market, poor price control of some…