HSCHSC
  • Research Insights
  • Who We Serve
    Individual Clients
    Institutional Clients
    Corporate Clients
  • About Us
    Who We Are
    Our Philosophy
    Our Culture
    Our Leadership
    Awards & Recognitions
    Our History
  • Investor Relations
    Corporate Governance
    Financials
    Financial Statements
    Earnings Releases
    Annual Reports
    General Meeting of Shareholders
    Dividend
    Information Disclosure
  • Pressroom
    Press Releases
    Announcements
  • Making an Impact
ENVI
HSCHSC
hsc
Client GuidelineTrading ToolOpen AccountContact UsCareers
Terms of UsePrivacy & SecurityDisclaimers

Copyright © Ho Chi Minh City Securities Corporation. All rights reserved.

Search

banner

Inflation Moderates on Transportation Pullback

Macro & Market Insights

Inflation Moderates on Transportation Pullback

Vietnam headline CPI rose 3.19% y/y (vs 3.57% in Jun-25) (+0.11% m/m) with m/m deflationary pressures from transportation sub-index. 7M25 CPI averaged 3.26%, well below SBV’s 4.5-5.0% target. For Aug-25, we expect inflation to rise 3.34% y/y (vs. 3.19% y/y in Jul-25) due to larger contributions from the housing & construction materials sub-index. We maintain our FY25 inflation forecast at 3.4% on expected softness in transportation and food & foodstuff sub-indexes.

View full report