Strategic competition among major countries is intensifying, geopolitical tensions, and military conflicts are escalating in several nations, affecting global peace and stability, which in turn undermines trade, investment, production, and consumption systems.
The world situation continues to fluctuate complicatedly, quickly and unpredictably with many risks and uncertainties
Industrial production in October continued the positive trend, it is estimated that the industrial production index in October 2024 will increase by 4.0% compared to the previous month and increase by 7.0% over the same period last year. Generally, in the first ten months of 2024, the production index of the whole industry is estimated to increase by 8.3% over the same period last year
Food prices continue to increase due to the impact of storms, domestic gasoline prices increase according to world prices, and housing rental prices increase are the main causes of the consumer price index (CPI) in October 2024 increased 0.33% compared to the previous month.
The industrial production index in September was estimated to increase by 10.8% over the same period last year. In which, the mining industry decreased by 7.3% over the same period last year; the processing and manufacturing industry increased by 13.1%; the electricity production and distribution industry increased by 6.4% and the water supply and waste and wastewater treatment industry increased by 15.2%.
Agricultural, forestry and fishery production in September 2024 was severely affected by Typhoon No. 3 and prolonged heavy rains over a large area in most of the Northern region, causing great damage to cultivation, livestock and aquaculture. However, agricultural, forestry and fishery production in the third quarter and nine months of 2023 maintained stable growth.
Food prices increased in provinces/cities directly affected by storms and storm circulation; Some localities increased tuition fees according to the roadmap of Decree No. 97/2023/ND-CP; Rising housing rents are the main reasons why the consumer price index (CPI) in September 2024 increased by 0.29% compared to the previous month.
Agricultural production in the month focused on harvesting summer-autumn rice, cultivating and caring for rice, other annual crops. Livestock production is generally stable, localities have well controlled epidemics, pig and poultry herds continue to grow
Industrial production in August continued its positive growth trend, with the industrial production index in August 2024 estimated to increase by 2.0% over the previous month and by 9.5% over the same period last year. Genneral, in the eight months of 2024, the industrial production index increase by 8.6% over the same period last year.
In general, in August 2024, the consumer price index (CPI) was stable compared to the previous month. Compared to December 2023, August CPI increased by 1.89% and compared to the same period last year increased by 3.45%. On average, in the eight months of 2024, CPI increased by 4.04% over the same period last year; core inflation increased by 2.71%.
