Tag: inflation
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.
Rising petrol prices challenge inflation control efforts
VOV.VN - The goal of maintaining inflation at 4% this year will be threatened unless viable solutions are introduced in a bid to rein in rapidly-increasing petrol prices, according to economic experts.
Five-month CPI up 2.25% on rising petrol prices
Vietnam’s consumer price index (CPI) in the first five months of the year edged up 2.25% year-on-year while core inflation rose by 1.1%, according to the General Statistics Office (GSO).
Keeping CPI below 4 pct this year a challenge: Economist
It will be a challenge to keep Consumer Price Index (CPI) growth under 4% this year, according to an economist.
HSBC predicts Vietnam’s inflation to be capped under 4%
The HSBC has forecast that Vietnam's inflation will increase 3.7%, still below the inflation ceiling of 4% set by the State Bank of Vietnam (SBV).
Vietnam coffee exports hit three-year record high
VOV.VN - Following impressive growth recorded in the first quarter, Vietnamese coffee exports are projected to continue increasing moving into the second quarter thanks to abundant supply sources and incentives from numerous free trade agreements (FTAs), according to industry insiders.
Under-4%- inflation rate tough to complete: Experts
Vietnam is likely to complete its target of 6.5% in economic growth for 2022, but the goal of keeping the inflation rate under 4% is tough, according to Assoc. Dr. To Trung Thanh from the National Economics University (NEU).
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Vietnamese economic growth likely to reach 6.5% this year
VOV.VN - Vietnam is set to achieve an economic growth rate of 6.5% this year, although its inflation target of below 4% is not achievable, according to the annual publication of Vietnam Economic Review 2021 released on April 25 by the National Economics Univer
Fiscal policies work to keep inflation under control
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.
