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HANOI (Xinhua): Vietnam's consumer price index (CPI) in January went up by 3.63 per cent year on year, the General Statistics Office (GSO) has announced.
Compared to December 2024, the index grew by 0.98 per cent in January, contributed by price hikes for nine out of the 11 items in the calculation basket. Decreasing prices were reported in education and post as well as telecommunications.
Adjusted healthcare service prices, rising prices of transport services and food due to high demand during the Lunar New Year (Tet Festival in Vietnam) were among the reasons contributing to the price hikes in January, said the GSO.
In January, Vietnam's average core inflation increased by 3.07 percent year on year, it added.
Meanwhile, the apartment prices in Vietnam are likely to continue to soar in 2025, Vietnam News Agency has cited the forecast made by the Ministry of Construction.
According to the Vietnam Association of Realtors, apartment prices across the country will remain elevated in 2025. The majority of new supply will come from large urban areas on the outskirts, with most properties falling in the premium or luxury categories. As a result, affordable housing options will largely be limited to social housing.
The association's experts predicted that the apartment market will continue to dominate transaction volume in 2025. However, sales of older apartments will likely decrease, as their prices are now inflated compared to their actual market value.
The Institute of Construction Economics predicted that housing transactions in Vietnam in 2025 will be more active than in 2024, with prices expected to rise 8 percent to 10 percent year-on-year.
In 2024, apartment prices in the capital Hanoi surged 40 per cent to 50 per cent compared to 2023. Meanwhile, the prices in the southern hub of Ho Chi Minh City rose 20 per cent to 30 per cent compared to the previous year. - Xinhua
