The consumer price index (CPI) in October rose by a slight 0.33% against the previous month and 3.89% compared with a year earlier, according to the General Statistics Office (GSO).
Ten of the 11
groups of goods and services used to calculate the CPI went up against the
previous month. (Photo: VnEconomy)
The average CPI in the first ten months of 2018 increased by
3.6% compared with the same period last year, the GSO stated in a report
released on October 29.
Ten of the 11 groups of goods and
services used to calculate the CPI went up against the previous month, with
transport costs making the largest gain at 1.55%, followed by utility services
and building materials at 0.58%, and food and dining services at 0.22%.
According to the head of the GSO’s price
statistics department, Do Thi Ngoc, one of the main reasons driving up the CPI
in October was higher pork prices due to supply shortages.
The CPI was also increased by two rounds
of fuel price rises in October, as well as higher cooking gas prices and
tuition fees.
In October, domestic gold prices rose
0.12% in comparison to a month earlier, averaging at VND3,660,000 per tael,
while the US dollar-Vietnamese dong exchange rates also rose slightly following
the rate hike by the US Federal Reserve in September.
According to the GSO, the core CPI in October
increased 0.13% against the previous month and 1.67% compared with October last
year.
Source: NDO
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
