In 2024, the consumer price index (CPI) rose by an average of 3.63% compared to 2023, remaining below the target set by the National Assembly. This marks a decade of Vietnam's successful inflation control, with an average rate below 4%. Experts suggest that maintaining a CPI increase of around 4.5% in 2025 to support a substantial 8-10% growth will be a challenging task, requiring decisive and meticulous management from governing bodies from the get-go.
Achieving a growth rate of 8% or higher in 2025 will pave the way for even higher growth rates in the following years, with aspirations to reach double digits, surpassing 10%. However, to attain this new growth target, it is imperative that all ministries, sectors, and local authorities demonstrate an even stronger resolve, doubling their efforts from previous years.
The domestic gasoline and oil prices experienced a mixed bag of changes during the February 6 trading session. Specifically, E5RON92 gasoline increased by 51 VND per liter, while RON95-III gasoline decreased by 74 VND per liter. The prices of various types of oil also witnessed a decline, ranging from 25 VND per liter to 148 VND per kilogram when compared to the current base prices.