The Ministry of Finance now puts 2026 inflation at 4.5 or 4.8 per cent under two scenarios, and asked for firmer price management plus coordinated macroeconomic policies to curb pressures late in the year.
Deputy Minister of Finance Trần Quốc Phương said domestic prices would remain strained in the fourth quarter, pointing to swings in global energy and raw material prices, exchange rate risks, and possible supply chain disruption from geopolitical tensions and shifts in trade and tariff policies.
The State Bank of Vietnam sees average inflation of up to 5 per cent in 2026, while international organisations project 4.2-5.5 per cent.
CPI rose 0.62 per cent in September from August, mainly on higher domestic fuel prices tracking global energy markets; for the first nine months of 2026, CPI was up 4.52 per cent year on year and core inflation up 4.26 per cent.
