Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Economy  >>   Vietnamese inflation rises dramatically
NEWS UPDATES Asean Affairs           26   July  2011

Vietnamese inflation rises dramatically

Related Stories

June 28, 2011
Vietnam forecasts trade deficit of US$6.6 billion

June 21, 2011

Vietnam businesses lack confidence

June 15, 2011
Vietnam hosts workshop on sustainable development

June 10, 2011

Vietnam's busy year for M&A

May 27, 2011
Vietnam's economy gets positive EU review

May 19, 2011
Japanese firm sites plant in Vietnam

The consumer price index (CPI) increased 14.61 percent during the first seven months of this year, according to figures released by the General Statistics Office on Saturday.

Annual inflation hit 22.16 percent in July, setting a pace well above the Government's target of 17 percent.

Nguyen Duc Thang, head of the GSO's consumer prices department, said inflation was not yet under control despite slowing in May and June.

The consumer price index (CPI) posted a one-month increase of 3.32 percent in April but then slowed to a one-month rise of 2.21 percent in May and 1.09 percent in June.

Thang said that consumer prices rose 1.17 percent during July, outpacing the 1.13 percent rate set in July 2008 – the year with the nation's highest inflation rate in decades, at 19.89 percent.

"The reason of the increase this July was a strong surge in food prices of 3.2 percent," he said. Some other factors, including hot weather and heavy rains, livestock diseases and heavier exports to China, had also lowered the supply of food staples such as pork, poultry, seafood, fruits and vegetable, he added.

Just about every other category of goods in the "basket" used to calculate CPI saw increases of under 1 percent during July. After food, clothing saw the highest increase, posting a rise of 0.74 percent over prices in June.

In the remainder of the year, Thang said, it would be unlikely to see inflationary pressures ease, as domestic demand rises ahead of the new school year and the holidays, while business input prices such as interest costs were likely to remain elevated. He predicted that inflation for the year might reach 18 percent.

Meanwhile, the trade deficit for the first seven months remained essentially unchanged at about US$6.6 billion as increased gold exports offset any rise in imports, the GSO also announced.

Le Thi Minh Thuy, head of the GSO's commerce department, said total export value in the first seven months of the year rose by 33.5 percent over the same period last year to about $51.5 billion.

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    26  July  2011 Subsribe Now !
• China growth overly investment-dependent
Subcribe: Asean Affairs Global Magazine
• SBY warns of subsidy cuts to infrastructure Asean Affairs Premium
• AirAsia remains in Malaysia
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• The Philippine Department of Trade and Industry (DTI) wants to create more jobs in the countryside
• 3G service in Thailand still stumbles
• Dairy Queen and Burger King speed expansion
• Vietnamese inflation rises dramatically
• “Own brands” rattle Vietnamese markets p

Asean Analysis    26  July  2011

Advertise Your Brand
• Asia watches US “circus” Sponsor Our Events

Asean Stock Watch    26  July  2011 

• Asean Stock Watch-June 26 p

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

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand