According to the Statistics Bureau, as of November 28, 2025, the global gold price averaged $4,109.63 per ounce, a 1.96% increase from the previous month. This rise is attributed to expectations that the U.S. Federal Reserve (FED) will continue easing monetary policies in late 2025, coupled with heightened physical gold demand during Asia’s peak festival and wedding season. Additionally, escalating geopolitical tensions in certain regions have fueled safe-haven demand for precious metals.
Domestically, the gold price index in November 2025 rose by 1.9% month-over-month, 64.44% year-over-year, and 66.74% since December 2024. The 11-month average for 2025 shows a 45.77% increase.
Regarding the USD index, domestic prices in November 2025 moved inversely to global trends. As of November 28, the international USD index reached 99.64 points, up 1.2% month-over-month, driven by increased safe-haven demand amid unpredictable geopolitical conflicts. Domestically, the USD index fell by 0.11% month-over-month but rose 3.6% year-over-year and 3.51% since December 2024. The 11-month average for 2025 increased by 3.94%.
11-Month CPI Rises 3.29%
The Consumer Price Index (CPI) for the first 11 months of 2025 increased by 3.29% year-over-year, with 10 months of growth and 1 month (March) of decline. This fluctuation reflects seasonal demand during holidays, global price impacts (rice, gas, fuel), and domestic factors (pork, electricity, housing maintenance, rentals).
The Statistics Bureau attributes the 3.29% CPI increase to healthcare service adjustments per Circular 21/2024/TT-BYT, rising housing, utilities, and construction material costs, and higher food and dining expenses due to increased consumption and supply disruptions from natural disasters. Education costs also rose as private schools adjusted tuition for 2025–2026.
From January to November 2025, CPI increased by 3.29% compared to the same period in 2024.
Of the 11 CPI categories, 9 saw price increases, while 2—Communication (-0.47%) and Transportation (-2.28%)—declined.
Among the rising categories, healthcare services led with a 13.33% increase, contributing 0.62 percentage points to CPI. Housing, utilities, and construction materials followed with a 6.16% rise, adding 1.4 percentage points due to higher rental and maintenance costs. Electricity prices surged 7.43%, contributing 0.36 percentage points, driven by increased demand and EVN’s retail price adjustments in October 2024 and May 2025.
Food and dining prices rose 3.19%, adding 0.01 percentage points to CPI.
Core inflation for the 11 months of 2025 increased by 3.21% year-over-year, slightly below the overall CPI increase of 3.29%. This difference is primarily due to excluded categories in core inflation calculations, such as food, electricity, healthcare, and education, which significantly impacted the broader CPI.
Gold Prices Plummet: SJC and Ring Gold Investors Face Potential $170 Loss per Tael in Just One Week
Investing in gold rings last weekend could result in a significant loss of up to 4 million VND per tael if sold today.
USD Hits One-Month Low
The US dollar’s decline in international markets persisted from late November into the first week of December 2025 (01–05/12/2025), fueled by growing expectations that the Federal Reserve will cut interest rates during its upcoming meeting next week.
Credit Reaches VND 18.2 Trillion as of November 27, Up 16.56% Year-to-Date
Credit growth is showing promising signs, with a positive trajectory compared to previous years. As of November 27, 2025, the economy’s credit reached over 18.2 million billion VND, marking a 16.56% increase from the end of 2024. This growth is particularly notable when compared to the same period in 2024, which saw an 11.47% increase from the end of 2023, and the end of 2024, which recorded a 15.09% rise from the end of 2023.
May 2025: CPI Rises 3.29%, Core Inflation Up 3.21% Year-on-Year
The Consumer Price Index (CPI) for November rose by 0.45% compared to the previous month, primarily driven by surging food prices in central provinces and cities directly impacted by post-storm flooding. Additionally, dining out costs increased due to higher input material expenses and rising fuel prices. Over the first eleven months of 2025, the CPI averaged a 3.29% increase year-on-year, while core inflation climbed by 3.21%.
US Move Creates Golden Opportunity for Vietnam’s Billion-Dollar Nut Industry to Accelerate Market Share Dominance
According to *The Washington Post*, the Trump administration has announced plans to ease tariffs on a range of agricultural products. The move aims to alleviate consumer frustration over rising grocery prices.
