Deputy Minister of Finance Le Tan Can reported that the consumer price index rose 0.2% month‑on‑month in October and 4.57% over the first ten months, while core inflation was 4.24%. These figures show why the government wants to keep inflation around 4.5‑4.7%.

The Government directed that, from November 1, 2026, the average retail electricity price will be cut by 2% and the excise tax on petrol will be reduced to 0% until March 31, 2027. Lower electricity bills and cheaper fuel are expected to ease household budgets.

Deputy Prime Minister Nguyen Van Thang also urged ministries, agencies and localities to closely monitor price fluctuations, prevent speculation and avoid price spikes around the Lunar New Year. He asked them to act quickly if any abnormal changes appear, especially for essential items such as fuel and food.

In short, Vietnam’s price‑management plan combines tax cuts, a modest electricity discount and strict market monitoring to keep everyday costs stable. Consumers can expect slower price growth, but they should still watch for any sudden changes during peak periods.