IMPACT OF WORLD CRUDE OIL PRICES ON VIETNAMS ECONOMY

In the context of continuous fluctuation of global oil prices In The context of continuous fluctuation of global oil prices and this impacts on the domestic oil price of Vietnam?s economy. Moreover, the oil prices are the input fuel of products that is fluctuation leading to price fluctuation of commodities and products. This is one of the causes that influence the consumer price index due to ?cost - push inflation? and money supply growth. The objective of this article is to research the impact level of oil prices on consumer price index (CPI) in Vietnam to assess the impact on economic growth. The article is used regression models, correlation tests etc, and combines data on oil prices and CPI from 2000 to 2016 to assess the relationship level between them and, forecast the CPI. This result, it is evaluated on the importance of oil price impact on CPI. This is evidence that Vietnam\'s economy is impacted by oil fluctuation. The evaluation helps Macro management and policy-makers have a more comprehensive view.