Vietnam sees marginal rise in CPI in October

The General Statistics Office announced that the country’s Consumer Price Index (CPI) in October posted an increase of 0.49 percent compared to September.

Foodstuff soars 1.04 percent in October. Photo: SGGP)

CPI hiked 5.92 percent year-on-year and 5.14 percent compared to the beginning of this year.

Restaurants and catering services saw strongest rise of 0.86 percent compared to the previous month with food surging 0.91 percent, foodstuff rocketing 1.04 percent, and eating out edging up 0.25 percent.

Education followed with an increase of 0.53 percent as some northwestern provinces continued to raise tuition fees in accordance with Government decision.

If excluding tuition fee rise, CPI merely rose 0.45 percent compared to last month.

Noticeably, in comparison with the previous two months, CPI climbed at a slower pace, which broke pattern as compared to previous years, during the last quarter of this year.

The office also announced that registered Foreign Direct Investment (FDI) capital was estimated at US$19.2 billion by October 20, up 65.5 percent year-on-year, while implemented FDI capital was estimated at $9.6 billion, up 6.4 percent.

Of the total registered FDI capital, newly-registered capital reached $13.1 billion, accounting for 179 percent of that in the same period last year, while additional capital touched $6.1 billion.

Industrial processing and manufacturing sector attracted most FDI capital with $14.9 billion; power generation and distribution, gas, hot water, steam, and air conditioning sector drew $2 billion FDI capital, while other sectors got $2.3 billion.

By Anh Phuong – Translated by Thuy Doan

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