CPI in first quarter of 2017 highest in three years

The consumer price index (CPI) in the first quarter of 2017 rose by 4.96% year on year, higher than the respective figures of the previous three years (4.83% in 2014, 0.74% in 2015 and 1.25% in 2016), according to the General Statistics Office (GSO).
  • 6.1 million tourists visit Hanoi in first quarter of 2017
  • CPI goes up 4.96% year-on-year in first quarter
  • Export growth beyond expectations in first quarter
  • Uber expands international headquarters in Amsterdam

The consumer price index (CPI) in the first quarter of 2017 rose by 4.96% year on year, higher than the respective figures of the previous three years (4.83% in 2014, 0.74% in 2015 and 1.25% in 2016), according to the General Statistics Office (GSO).

Accordingly, CPI in March increased 0.21% against February, 0.9% from December 2016 and 4.65% compared to the same period of last year.

Eight of the 11 groups of goods and services in the basket of consumer goods saw price increases, with the group of medicine and healthcare services posing the biggest monthly price hike, 7.51%, followed by education (up 0.75%); housing and building materials (up 0.5%); transport (up 0.39%); equipment and household devices (up 0.06%); culture, recreation and tourism (up 0.04%) and post and telecommunication (up 0.03%).

The remaining groups of goods and services saw their prices decline, including food and food services (down 0.87%); garment, hat and footwear (down 0.12%); and drinks and tobacco (down 0.2%).

The GSO attributed 2017 first quarter’s CPI rise to the upward adjustment of healthcare service prices and tuition fees; the surging demand for food before, during and after the Lunar New Year (Tet) festival; and the year-on-year 34.92% hike in petrol and oil prices (adding 1.454 percentage points to the common CPI increase).

Core inflation in the first quarter of 2017 rose 1.66% compared with the same period of 2016.

Dtinews

Other News

Major works at Long Thanh International Airport gather pace towards completion

Major works at Long Thanh International Airport gather pace towards completion

The ACV said on July 20 that contractors are deploying additional workers and equipment to speed up construction under Component Project 3, which covers the airport's essential aviation infrastructure. Major facilities, including the first and second runways, taxiways, aircraft aprons, the passenger terminal apron and the aircraft fuel supply system, are approaching completion.

GDP expands 8.18%, with new growth drivers taking shape

GDP expands 8.18%, with new growth drivers taking shape

According to the National Statistics Office under the Ministry of Finance, GDP expanded by 8.39% in the second quarter, up from 8.14% a year earlier. Growth for the first six months reached 8.18%, exceeding the 7.63% recorded in the same period of 2025. The performance reflected broad-based contributions from both the supply and demand sides of the economy.

Vietnamese economy sustains momentum on strong industrial production

Vietnamese economy sustains momentum on strong industrial production

The National Statistics Office (NSO) under the Ministry of Finance reported that the manufacturing and processing sector remained the principal driver of economic growth, accounting for 33.07% of the economy's total value-added growth during the first six months of the year.

Government urges vigilance as inflation pressures mount in H2

Government urges vigilance as inflation pressures mount in H2

The Government's inflation target remains within reach despite mounting headwinds. Several forecasts suggest inflation can stay below 4.5% this year if international oil prices continue to retreat. Extending domestic fuel tax incentives through year-end, along with stable electricity prices, healthcare fees and exchange rates, would offer additional relief.

Plan issued to develop agricultural logistics system

Plan issued to develop agricultural logistics system

A key target is that by 2030, all concentrated agricultural, forestry and fisheries production areas will have access to essential services, including product traceability, quarantine, testing, quality certification, processing and market development. The move reflects growing international demand for stricter food safety, quality and traceability standards, which have become increasingly important for agricultural exports.

Vietnam seeks stronger export growth in H2

Vietnam seeks stronger export growth in H2

Despite the encouraging performance, Vietnam's exports remain heavily dependent on a limited number of major markets and product groups, while the domestic value added of many export products remains relatively low because of their reliance on imported raw materials and components.

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

Demand for Korean food in Vietnam has continued to grow rapidly alongside the popularity of the Korean Wave, or Hallyu, making the country a strategic market in the RoK's plan to expand agricultural and food exports to ASEAN, the RoK's Ministry of Agriculture, Food and Rural Affairs said.

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Authorities detected and handled 67,937 violations in the first half of the year, up 36.66% year-on-year. Budget revenue from enforcement reached nearly 9.65 trillion VND (nearly 367 million USD), an increase of 49.36%, while investigation was launched into 1,676 criminal cases involving 2,789 suspects.

Vietnam joins global push for energy efficiency

Vietnam joins global push for energy efficiency

Participation in the Montreal Declaration also provides a foundation for Vietnam to explore deeper engagement with the IEA's multilateral energy efficiency initiatives, offering opportunities to access data, policy experience, technical tools and public-private partnership models in energy conservation.

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Releasing the country's socio-economic data for the second quarter and the first half of the year on July 3, NSO Director Nguyen Thi Huong said Vietnam sustained positive growth across most industries and sectors despite a challenging international economic environment.

Public-private partnerships drive low-emission rice farming

Public-private partnerships drive low-emission rice farming

Experts agreed that integrating nutrient management, biotechnology, mechanisation and digital technologies will enhance productivity, reduce greenhouse gas emissions and accelerate the transition towards greener, more sustainable rice production.