Tag: inflation
Key lawmakers okay further tax cut on petrol, effective as of July 11
VOV.VN - The National Assembly Standing Committee, at its extraordinary session on July 6, approved the Government’s proposal on additional environmental protection tax cuts on petrol and oil in an attempt to cool down the domestic fuel market.
PM requests maintaining macro-economic stability, controlling inflation
Prime Minister Pham Minh Chinh on July 4 chaired an online meeting with localities and a regular Cabinet meeting to review the socio-economic situation in the first half of this year and seek solutions to implement tasks for the rest of the year.
Lobster exports increase by 30 times in first half
VOV.VN - Vietnam raked in an estimated US$130 million from exporting lobsters in the first six months of 2022, seeing a 30 fold increase compared to the same period last year.
UOB raises Vietnam’s projected GDP growth to 7% this year
VOV.VN - Singapore-based United Overseas Bank (UOB) has raised Vietnam’s projected GDP growth this year to 7% thanks to the country’s impressive economic growth recorded in the second quarter of the year.
UOB maintains Vietnam’s 2022 GDP growth at 6.5%
VOV.VN - Singapore-based United Overseas Bank (UOB) has maintained Vietnam’s GDP growth forecast at 6.5% and inflation at 3.7% for this year, although it anticipates inflation would rise to 5% ahead in 2023.
Gov’t needs to aid poor households to cope with price hikes: WB
The World Bank (WB) has recommended the Vietnamese Government consider taking measures to provide support, especially targeted direct support, for local disadvantaged households in dealing with a spike in goods and service prices.
HSBC lowers Vietnam’s inflation forecast to 3.5%
HSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5% from its earlier prediction of 3.7% due to the stable domestic food price, which is expected to help curb the country’s headline inflation.
Bank interest margins under pressure due to high inflation
Experts forecast that bank net interest margins (NIM) will decline as inflation rises next month.
Global uncertainties loom over textile-garment industry growth
Vietnam reported a year-on-year surge of 23.5% in textile and garment exports to earn US$18.7 billion in the first five months of this year in the midst of lingering market uncertainties coupled with rising prices of inputs.
Local inflationary pressure lower than other countries
VOV.VN - Vietnam remains self-sufficient in terms of food, which accounts for 40% of the basket of goods, meaning inflation pressure is not as high as faced by other countries, according to Finance Minister Ho Duc Phoc.
