Vietnam’s inflation rate may average 8.6 percent this year, higher than the government’s 7 percent target even as the central bank tightens its monetary policy, according to Thang Long Securities Joint-Stock Co. Inflation accelerated for a fourth month in December, with consumer prices rising 11.8 percent from a year earlier, according to the General Statistical [...]
December’s strong price rise has sent the consumer price index in all of 2010 surging to a higher-than-expected level of 11.75%, thus eroding the country’s hard-won economic gains. Consumer prices are forecast to grow 1.98% this month, the highest monthly rise this year, which strong affects the year’s CPI, according to the General Statistics Office. [...]
As anticipated, Vietnam’s inflation rate in 2010 reaches two-digit level at 11.75 percent. Vo Tri Thanh, Deputy Director of the Central Institute for Economic Management (CIEM), while pointing out the negative impacts of the high inflation on the national economy, emphasized that Vietnam should focus on curbing inflation in 2011, and that the task should [...]
Vo Tri Thanh, deputy director of Central Institute for Economic Management, before the inflation rate of 11.75 percent in 2010, recommended that the first important goal that must be immediately implemented in the first quarter of 2011 is curbing inflation. Talking about the high starting percentage of inflation in the first quarter of 2011, Thanh [...]
Inflationary pressures in Vietnam remain strong. However, policy tightening is not a definite path, as the government remains keen on boosting growth. A clearer policy direction will unfold after the National Congress in January. Inflation is still a key policy challenge in Vietnam. CPI growth continued to accelerate in December, having already returned to double-digit [...]
Le Kim Thu, a retired worker living in Hanoi’s Bach Mai Street, is not impressed with the much-vaunted price stabilization program being implemented in localities nationwide. “I am not interested,†she says. Many localities including Hanoi and Ho Chi Minh City are spending hundreds of billions of dong to help low-income consumers deal with inflation [...]
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