January 6, 2025
Vietnam’s extractive industry stabilises with slight December growth
Year-on-year, the industry saw a 3.7 percent decline in December 2024 compared to December 2023. Over the entirety of 2024, the extractive sector experienced a cumulative contraction of 6.5 percent compared to 2023, indicating a challenging year for the industry.
Vietnam’s food and food services CPI shows steady growth in December 2024
Year-on-year, the CPI for food and food services increased by 3.87 percent in December 2024 compared to December 2023. For the full year of 2024, the CPI rose by 4.03 percent compared to 2023, showcasing a controlled inflation environment.
Vietnam’s industrial production index records strong finish in 2024
The consistent growth reflects heightened production activity across key sectors such as manufacturing and energy. December’s month-on-month rise likely signals intensified efforts to meet increasing demand with the lunar new year break to begin at the end of January.
Vietnam’s CPI rises 2.94% in December, annual average ends year below target
This rise was attributed to adjustments in medical service prices, higher rental housing prices, and increased gasoline prices. Despite the December surge, the average CPI for 2024 rose by only 3.63 percent compared to 2023, staying below the National Assembly’s target.
Vietnam fourth quarter GDP growth comes in at 7.55 percent
This marks the highest fourth-quarter growth since 2018, continuing a quarterly upward trend throughout the year with growth of 5.98 percent in Q1, 7.25 percent in Q2, and 7.43 percent in Q3…
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