The index of industrial production (IIP) continued its upward trend in the fourth quarter, of which December 2023 was estimated to increase by 0.1% over the previous month and by 5.8% over the same period last year.
Average CPI in the fourth quarter of 2023 increased by 3.54% compared to the fourth quarter of 2022. For the whole year 2023, CPI increased by 3.25% compared to the previous year, reaching the target set by the National Assembly.
Global economic growth in 2023 has been adjusted by international organizations compared to previous forecasts, but most forecasts are lower than the growth rate in 2022.
The index of industrial production (IIP) in November is estimated to increase by 3% over the previous month and by 5.8% over the same period last year.
Some localities increased medical service prices according to Circular No. 22/2023/TT-BYT, increased tuition fees according to Decree No. 81/2021/ND-CP and domestic rice prices continued to increase according to export rice prices. Exports are the main reasons why the consumer price index (CPI) in November 2023 increased by 0.25% compared to the previous month.
As of mid-November, the whole country harvested 1,385.8 thousand hectares of winter rice, accounting for 89.7% of the cultivated area and equal to 103.5% of the same period last year.
Agricultural production in October focuses on caring for and harvesting summer rice and autumn-winter rice across the country and planting winter crops in the North. Livestock development was stable, live pig prices have decreased due to the return of African swine fever in some localities.
Industrial production index in the 10 months of 2023 compared to the same period last year increased in 49 localities and decreased in 14 localities across the country
Some localities increased tuition fees and domestic rice prices increased according to export rice prices, which are the main reasons why the consumer price index (CPI) in October 2023 increased slightly by 0.08% compared to the previous month.
The World Bank (WB) forecasts global growth at 2.1% in 2023, adjusted up 0.4 percentage points compared to the forecast at the beginning of 2023. The European Union (EU) forecasts an increase in Global economic growth in 2023 will reach 3.2%, adjusted to increase by 0.1 percentage points compared to the forecast in May 2023
