Tag: inflation
Vietnam likely to keep inflation below 4.5% in 2023: Economists
The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.
Vietnamese exporters, authorities seek to navigate low global demand
Several measures have been recommended to help Vietnamese exporters cope with dwindling demand in many markets around the world.
GSO head points to factors affecting Vietnam’s efforts to curb inflation
An 20.8% increase in the base salary for civil servants, public employees, and members of the armed forces from July 1 will lead to rises in prices of other goods and services, which may put a pressure on curbing 2023’s inflation, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
Banking sector focuses on credit institution restructuring
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
Six-month core inflation rises 4.74%: GSO
VOV.VN - The General Statistics Office of Vietnam (GSO) announced on May 29 that the first half of 2023 saw the consumer price index (CPI) rise by 3.29% and core inflation grow by 4.74% from the same period last year.
Reputable organisations optimistic about Vietnam’s economic outlook
Many reputable international organisations have shown their optimism about Vietnamese economic outlook, predicting that the country can complete its GDP growth target of 6.5% this year.
Fisheries exports to rebound during remaining months of 2023
VOV.VN - Despite enduring high global inflation, Vietnam’s seafood exports are anticipated to recover ahead in the remaining months of the year, according to figures given by VNDIRECT Securities Corporation.
Vietnamese wood exports decrease over five-month period
VOV.VN - The export of wood and wooden products continued a downward trajectory, with the export value hitting US$5.1 billion over the past five months of this year to mark a year-on-year fall of 27%.
Five-month CPI up 3.55% on rising electricity retail price
VOV.VN - The nation’s consumer price index (CPI) during the first five months of the year edged up by 3.55% on-year, while core inflation rose by 4.83%, according to figures given by the General Statistics Office (GSO).
Gold remains potential investment channel
Gold remains a potential investment channel until the end of this year, though the global economy in general, and Vietnam in particular, still possess potential risk factors related to recession and inflation, which make it difficult to forecast the gold price.
