Vietnam inflation stays under control as CPI climbs 4.38% in first half of 2026

Vietnam’s consumer price index (CPI) rose 4.38% year‑on‑year in the first six months of 2026, with core inflation at 4.12%. The increase reflects higher prices for housing, electricity, construction materials and some consumer services, while overall CPI fell 0.39% month‑on‑month due to lower fuel prices. Authorities stress that coordinated fiscal, monetary and price‑management policies have kept inflation within target ranges, but warn that rising global oil prices, logistics costs and raw‑material inputs could tighten pressures in the latter half of the year.

During the same period, global oil markets saw Brent crude surge 9% to $83.30 per barrel and U.S. WTI rise 9% to $78.14, driven by renewed U.S.–Iran tensions. Russia reported a $59 billion trade surplus for January–May 2026, while OPEC forecasts a 1.9‑million‑barrel‑per‑day increase in 2027 demand. Domestic news also noted a sharp fall in smartphone shipments, a carbon‑credit payout of $56.5 million benefiting nearly 80,000 Vietnamese citizens, and a 40% rental‑price promotion for a sports city project in Ninh Binh.