The Consumer Price Index (CPI) rose by 0.28% in August 2014 as compared to the previous month

As reported by Haiphong Department of Industry and Trade at the regular meeting convened by Haiphong People's Committee in August 2014, the total turnover of retail goods in August of 2014 alone is estimated at 5,490.6 billion dong, up 13. 9% over the same period. Accordingly, in the first 8 months of the year,  this figure in the localty is estimated at 42,597.4 billion dong, up 11.8% compared to the same period in 2013 and fulfilled 63.5% of the year’s plan.

The consumer price index grew by 0.28% and  1.74% over the figure of July and December of 2013 respectively. Department of Industry and Trade has paid attention to directing market control forces to conduct concrete inspection and supervision plans in the locality, especially controlling price, preventing smuggling, counterfeit goods, commercial fraud and epidemics, contributing to stabilizing the city’s market. However, the sophisticted production, transportation and trading activities of fake and unsafe goods has hindered the functional forces from controlling the market.  

Also within the first 8 months of 2014, the sector inspected 931 cases and handled 728 cases with the total penalties of nearly 2.3 billion dong; 2.1 billion dong of which was contributed to the State Budget  with the total destroyed goods valued at 73 million dong.