Tag: inflation
Vietnam's wood exports decrease as inflation increases
Vietnam's exports of timber and wood products have decreased due to the impact of high inflation in the export market, according to the Ministry of Industry and Trade.
Deputy PM demands appropriate moves be made to avoid economic shocks
Deputy Prime Minister Le Minh Khai requested appropriate measures be taken to guarantee macro-economic stability and control inflation to avoid economic shocks while maintaining normal production and business activities and ensuring people’s jobs and income.
Vietnam’s GDP growth to be well above 6.5% target, forecast experts
VOV.VN - Vietnam’s GDP growth is anticipated to hover between 6.9% and 9% this year thanks to the positive performance in the second quarter and the first half of the year, according to domestic and international economic experts.
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.