Some essential goods such as rice and electricity have had their prices adjusted up over the past year. Electricity prices have even increased twice in 2023, from VND1,864.44/kWh to VND2,006.79/kWh (excluding VAT).
Although it has been maintained quite stable, retail rice prices have also increased. In January 2023, non-glutinous rice cost VND12,500/kg, and Nang Nhen rice cost VND20,000/kg. However, by December 2023, non-glutinous rice increased by VND1,500/kg, while Nang Nhen rice increased by VND6,000/kg.
Not only essential goods, in the past year, the price of gold - one of the familiar investment channels of the people - also recorded a "dizzying" increase. From the beginning of January 2023 to December 27, 2023, this precious metal increased in price to 13.25 million VND/tael for buying and increased by 13.05 million VND/tael for selling.
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