Inflation in Vietnam
Vietnam - Inflation
Inflation stable in December
According to the General Statistics Office of Vietnam, consumer prices fell 0.25% over the prior month in December, following the 0.29% decline registered in November. A breakdown of the data showed that 2 out of the 11 sub-components logged lower prices, with traffic showing the largest drop in prices—likely on account of falling global crude oil prices—while housing and construction materials also experienced falling prices in December. Meanwhile, the remaining sub-components saw flat or muted price increases in the month.
Inflation was unchanged at November’s 3.5% in December, remaining below the Central Bank’s target of 4.0%. Meanwhile, annual average inflation ticked up to an over one-year high of 3.6% in December from 3.5% in November.
Core consumer prices, which excludes prices for rent, electricity, water, fuel and construction materials, rose 0.09% over the previous month in December, down marginally from the 0.13% month-on-month increase in the previous month. Finally, core inflation was stable at 1.7% in December.
FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects inflation to average 4.0%.
Vietnam - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 6.6 | 4.1 | 0.6 | 2.7 | 3.5 |
Vietnam Inflation Chart
Source: General Statistics Office of Vietnam and FocusEconomics calculations.
Vietnam Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.99 | -0.13 % | Jan 14 |
| Exchange Rate | 23,200 | 0.01 % | Jan 14 |
| Stock Market | 902 | 0.15 % | Jan 14 |
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Economic News
Vietnam: Manufacturing sector ends the year on high note, despite dip in manufacturing PMI in December
January 2, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) dipped to 53.8 points in December from November’s robust 56.5-point multi-year high.
Vietnam: Inflation stable in December
December 28, 2018
According to the General Statistics Office of Vietnam, consumer prices fell 0.25% over the prior month in December, following the 0.29% decline registered in November.
Vietnam: Economic growth soars in Q4, rounding off a robust 2018
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Economic momentum surged through the end of 2018 with the Vietnamese economy posting stellar 7.3% growth in annual terms in the fourth quarter, up from the revised 6.8% expansion recorded in the third quarter (previously reported: +6.9% year-on-year).
Vietnam: Industrial production surges in December
December 28, 2018
Industrial production grew 11.4% over the same month a year prior in December, gaining steam from the 9.6% increase recorded in November.
Vietnam: Manufacturing PMI rises to second highest level in survey’s history in November
December 3, 2018
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) rose to 56.5 points in November, up notably from the 53.9 points logged in October and marking the best result since January 2000.
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