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.

Hanoi’s consumer price index (CPI) in 2023 is estimated to increase 2.04% year-on-year, according to the Hanoi Statistics Office.

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.

VOV.VN - Vietnamese gross domestic product (GDP) grew by 5.05% in 2023, higher than 2020 and 2021, according to the General Statistics Office (GSO).

VOV.VN - The consumer price index (CPI) in November rose by 0.25% compared to the previous month and 3.46% compared to December last year, according to the latest report released on November 29 by the General Statistics Office (GSO).

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.

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.

Vietnam’s consumer price index (CPI) is projected to grow between 3.2% and 3.6% this year, the Ministry of Finance said at a meeting of the Steering Committee on Price Management in Hanoi on October 11.

Price control work was effective in the first nine months of this year, with the average consumer price index (CPI) in the period up 3.16% year on year, leaving plenty of room to maintain stability in prices, said Deputy Prime Minister Le Minh Khai.