Vietnam 2011 Inflation of 19% to 20% Is ‘Realistic’, Thanh Says

Vietnam’s year-end inflation will likely be 19 percent or 20 percent, Vo Tri Thanh, deputy head of Central Institute for Economic Management said in an interview in Hanoi on Monday.
“It depends on whether the SBV will be determined to continue to fight against inflation,” said Thanh, referring to the country’s central bank. “I see some signs the government is reluctant to continue to tighten.”

Thanh, who said his figures are “quite realistic”, spoke while at an International Monetary Fund seminar hosted by CIEM.

Vietnam is aiming to contain 2011 year-end inflation to about 18 percent, according to a statement posted on the government website Sept. 1.
Bloomberg

Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2011, Vietnam inflation, Vietnam inflation 2011

Posted by VBN on Sep 28 2011. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry