The website Bloomberg.com of the US on January 8 cited analysts' opinions, saying that the State Bank of Vietnam (SBV), among the first in Asia to lower borrowing costs in 2023, willl likely keep its benchmark interest rate steady through next year as it tackles economic growth and inflation concerns.

Economists at a workshop in Hanoi on January 4 shared the view that despite a host of difficulties forecast for 2024, inflation would not be a big issue for Vietnam in the year.

VOV.VN - Vietnam recorded annual growth of 3.25% in the 2023 consumer price index (CPI), while core inflation increased by 4.16%, the General Statistics Office (GSO) said on December 29.

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses, control inflation, and spur socio-economic recovery and development, thus achieving the targets set for 2024.

The consumer price index (CPI) in October increased 0.08% from the last month and 3.59% from a year earlier, the General Statistics Office (GSO) reported on October 29.

Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.

VOV.VN - Ho Chi Minh City made US$6.687 billion in overseas remittances during the first nine months of the year, an annual rise of 40% and 1.3% more than all of 2022, according to the local branch of the State Bank of Vietnam (SBV).

VOV.VN - The Vietnamese Government will continue to priotise strongly promoting growth associated with consolidating and maintaining macroeconomic stability, controlling inflation and ensuring major economic balances in a bid to create more positive changes in making strategic breakthroughs.

Although Vietnam’s economy showed signs of recovery in the third quarter of this year, particularly in industrial production and exports, a significant increase in headline inflation has emerged as a cause for concern, prompting scrutiny from policymakers.

Vietnam’s economy has made good recovery since the beginning of this year; however, inflation risks could weight on the country’s growth outlook, according to experts.