Inflation in Vietnam
Vietnam - Inflation
Inflation falls to lowest level since May in September
Consumer prices increased 0.12% in September over the previous month, broadly unchanged from August's 0.07% increase. Looking at the details of the release, education prices rose at a quicker pace in September compared to the previous month, while prices pressures for transportation fell.
Inflation came in at 3.0% in September, easing slightly from August’s 3.2%. September's reading marked the lowest inflation rate since May. Annual average inflation edged up to 3.8% in September (August: 3.7%).
Looking ahead, our panelists see inflation remaining moderate, which should provide room for the State Bank of Vietnam to continue to adopt an accommodative monetary stance.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.3% in 2020, which is unchanged from last month’s forecast. For 2021, the panel projects inflation to average 3.2%, which is also unchanged from last month’s forecast.
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: Central Bank slashes rates for third time this year in October
October 1, 2020
Effective from 1 October, the State Bank of Vietnam (SBV) reduced a host of interest rates, cutting the refinancing rate from 4.50% to a record low of 4.00%.
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Vietnam: Industrial output rebounds in September
September 29, 2020
Industrial output grew 3.8% compared to the same month a year earlier in September, which contrasted August's 0.6% decrease.
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Vietnam: Inflation falls to lowest level since May in September
September 29, 2020
Consumer prices increased 0.12% in September over the previous month, broadly unchanged from August's 0.07% increase.
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Vietnam: Activity gains steam in Q3 on stronger demand at home and abroad
September 29, 2020
GDP growth accelerated to 2.6% year-on-year in the third quarter, from 0.4% in the second quarter, thanks to the successful containment of the virus domestically and stronger demand abroad.
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Vietnam: Industrial output deteriorates in August
August 29, 2020
Industrial production fell 0.6% year-on-year in August (July: +1.8% yoy), chiefly due to weaker mining activity and stagnant manufacturing. The trend pointed down, with the annual average growth of industrial production coming in at plus 4.1% in August, down from July’s plus 5.0%. Looking ahead, industrial production should recover as economic activity ramps up abroad.
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