Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Economy  >>   April Vietnam CPI reaches 20-year high
NEWS UPDATES Asean Affairs        25  April 2011

April Vietnam CPI reaches 20-year high

Related Stories

April 21, 2011
Piracy damaging Vietnamese economy

April 4, 2011
Vietnamese textiles thrive

April 1 , 2011
Vietnam its banks orders SOEs to sell dollars

March 1, 2011
Vietnam trade in gold bars banned

February 25, 2011
Vietnamese PM outlines inflation measures

February 19,2011
Viet policymakers urge action on inflation and trade deficit

Vietnam’s consumer price index (CPI) in April soared 3.32 percent against last month, making it the highest month-on-month increase since 1991.

The General Statistics Office report, released yesterday, said the rise exceeded that of the April 2008 high of 2.2 percent, which was blamed on the global economic crisis.

The inflation rate in the first four months of 2011 soared 9.64 percent higher than the yearly target of 7 percent.

The office director Nguyen Duc Thang attributed the April increase to the price hike of essential goods such as food, foodstuffs and petrol.

"Political uncertainties in North Africa and the Middle East, as well earthquakes and the nuclear crisis in Japan, have caused commodity prices to soar worldwide. Vietnam is not immune," he said.

He added that the biggest force behind the rise had been the petrol price hikes on February 24 and March 29, and the higher cost of power price since March.

Economists attributed that the uncertainties of foreign exchanges, although were slowing down, still bothered when it resulted to a high cost for domestic enterprises to import goods and materials.

All 11 commodities groups used to calculate the CPI saw an increase this month. Transport prices continued to rise in the second month, surging 6.04 per cent due to a hike in petrol price. Meanwhile the cost of food soared 5.61 per cent.

The cost of eating out and restaurant services rose 4.5 per cent, while foodstuffs rose 2.47 per cent.

Housing and construction materials (electricity, water, fuel and rent) saw the fourth biggest rise, climbing 4.38 per cent. Textile-garments and home utensils and equipment saw the slighter increase, rising 1.63 and 1.38 per cent, respectively.

Despite soaring inflation, the price of gold and the US dollar fell by 1.2 per cent and 1.61 per cent against the previous month. Neither were taken into account when calculating the CPI.

The CPI should not rise further after April if the State Bank was consistent to the tightened monetary policies, said Le Xuan Nghia, deputy chairman of the National Financial Supervision Council.

Nghia said new policies on monetary supply would come into effect in May.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    25  April 2011 Subsribe Now !
 • Asean developing garment plans Subcribe: Asean Affairs Global Magazine
• Image politics scrutinized in Indonesia Asean Affairs Premium
• Indonesian Internet users should attract investors
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Malaysian ringgit on a roll   
• Myanmar exploration deals on tap

• Reducing VAT on petroleum costs Philippines

• Foreign investment grows in Thailand

• April Vietnam CPI reaches 20-year high p

Asean Analysis    25  April 2011

Advertise Your Brand
• Is it war or politics? Sponsor Our Events

Asean Stock Watch    25  April 2011

• Asean Week Ahead p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand