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Inflation Management: Anchoring Policy in Reality from the Get-Go

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In 2024, the consumer price index (CPI) rose by an average of 3.63% year-on-year, remaining below the target set by the National Assembly. This marks a decade of Vietnam's successful inflation control, with average annual inflation rates kept below 4%. Experts predict 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.

“A Call for Doubling Down on Efforts: Aiming for 8% and Beyond”

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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 Ever-Changing Landscape of Fuel Prices

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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.