Vietnam's imports of raw materials for processing animal feed in the first seven months of this year surged to US$3.1 billion as domestic supply only met about one-third of breeders' demand.

VOV.VN - Vietnam has seen food prices remain stubbornly high despite the recent sharp declines in petrol and oil prices.

VOV.VN - Vietnam has seen food prices remain stubbornly high despite the recent sharp declines in petrol and oil prices.

Fiscal policies have worked to promote economic growth and control inflation in the first months of this year, Deputy Minister of Finance Vo Thanh Hung said, adding that close watch should be placed on the market to ensure inflation is within the National Assembly’s target.

Vietnam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be paid to promoting exports and putting imports under control.

VOV.VN - Inflation has been kept at a low rate in Vietnam since the beginning of the year, although pressure is starting to build up moving into the remaining months of the year and early 2022, according to economists.

July’s Consumer Price Index (CPI) picked up 0.62% month on month and 2.64% against the same month last year, the General Statistics Office (GSO) announced on July 29.

The March CPI in Hanoi fell 0.21% month-on-month but rose 1.12% year-on-year, according to the municipal Statistics Office.

While there are several upside risks, moderating food prices should keep Vietnam’s inflation under control.

Many supermarkets in HCM City have reduced prices of essential goods to share with customers during the pandemic.