Inflation in Vietnam

Vietnam - Inflation
Inflation comes in at highest level since March 2020 in December
Inflation edged up to 4.5% in December, following November’s 4.4%. December's result was the highest inflation rate since March 2020. The figure was primarily driven by higher price pressures for housing, energy and education. That said, transport prices fell for the first time since February 2021.
Annual average inflation rose to 3.2% in December (November: 2.9%).
Lastly, consumer prices fell 0.01% in December over the previous month, swinging from the 0.39% rise recorded in November. December's result marked the weakest reading since December 2021.
Giving their view on the outlook, analysts at the EIU commented:
“Consumer price inflation will ease from just under 5% at the start of 2023 to near 3.6% by the end of that year, although much of the deceleration will occur in the second half of the year. Declining global energy prices will be the main driver.”
FocusEconomics Consensus Forecast panelists expect inflation to average 3.9% in 2023, which is up 0.2 percentage points from last month’s forecast, and 3.4% in 2024.
Vietnam - Inflation Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %) | 0.6 | 2.7 | 3.5 | 3.6 | 2.8 |
Vietnam Inflation Chart

Source: General Statistics Office of Vietnam and FocusEconomics calculations.
Vietnam Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 3.38 | -0.13 % | Dec 31 |
Exchange Rate | 23,173 | 0.01 % | Jan 01 |
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Economic News
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Vietnam: Inflation comes in at highest level since March 2020 in December
December 29, 2022
Inflation edged up to 4.5% in December, following November’s 4.4%.
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Vietnam: GDP grows at softest pace since Q1 2022 in Q4
December 29, 2022
GDP growth fell to 5.9% year on year in the fourth quarter from 13.7% in the third quarter.
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Vietnam: Industrial output records slowest growth since January in December
December 29, 2022
Industrial output growth slowed significantly in December to 3.6% in annual terms, following November’s downward revision to 6.9%.
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Vietnam: Inflation comes in at highest level since March 2020 in November
November 29, 2022
Inflation inched up to 4.4% in November, above October’s 4.3%.
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Vietnam: Industrial output growth eases to 10-month low in November
November 29, 2022
Industrial production increased 10.4% year on year in November (October: +16.5% yoy).