Deputy Prime Minister Ho Duc Phoc said at a Government meeting on price management on November 21, 2025, that stronger policy alignment was needed in the face of global economic uncertainty.
According to the Ministry of Finance, consumer prices in the first 10 months of 2025 rose 3.27 per cent from a year earlier, with most monthly increases staying below 0.2 per cent.
Domestic supply remained stable and continued to meet consumer and business demand, while total retail sales and service revenue reached VND 5.77 quadrillion (approximately USD 222 billion), up 9.3 per cent year-on-year, indicating recovering purchasing power.
The ministry said inflation had stayed within the target approved by the National Assembly and the Government, despite adjustments to State-regulated prices for fuel, electricity, healthcare services, school fees and building materials.
Based on updated risk factors, the ministry outlined two scenarios for 2025: the preferred option of keeping CPI growth at about 3.3 per cent, and a second scenario of around 3.5 per cent.
Representatives from the Government Office, the State Bank of Vietnam and several ministries said price movements in key goods, including food, transportation, fuel, electricity and property, remain under close watch. They recommended measures to support growth, contain inflation and ensure price management stays aligned with Government-set targets.
Deputy PM Phoc told ministries to avoid complacency despite recent stability, urging them to prioritise the 3.3 per cent CPI target, monitor global risks and prevent domestic shortages or sudden price spikes, especially ahead of the Lunar New Year.
He called for sufficient supplies of fuel, food, raw materials and construction inputs as provinces accelerate public investment disbursement.
Phoc also requested stronger coordination between fiscal and monetary policy to maintain stable interest and exchange rates, along with more effective management of gold prices.
He emphasised the need for transparent and timely communication to curb inflation expectations and stabilise consumer sentiment.
He added that closer oversight was required for social housing prices, the property market and other sensitive items affecting household costs. Ministries and localities were urged to strengthen market inspections, tackle smuggling and commercial fraud, and quickly support households and businesses in flood-hit areas to restore production and livelihoods.
