VOV.VN - The inflation rate for 2022 will be within reach of around 2% to 3%, lower than the 4% target set by the National Assembly (NA), according to forecast made by various experts and managers.

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.

The World Bank has suggested the Vietnamese Government early devise back-up plans in case the COVID-19 pandemic could last one or two more years, and conduct vaccination in parallel with testing to control the pandemic and mitigate its economic loss.

Vietnam looks to maintain Consumer Price Index (CPI) growth lower than 1% a month during the last quarter of 2021 in an effort to keep inflation under the 4% target for the year.

Ngo Dang Khoa, country director of foreign exchange and capital markets at HSBC Vietnam, has suggested three challenges that the Vietnamese economy would face in the second half of this year.

The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.

VOV.VN - Leading Russian scholars believe Vietnam’s open-door policy, coupled with its ability to come up with a long-term strategy and respond competently to the COVID-19 pandemic, has helped the local economy to stand firm amid ongoing threats.

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.

Credit growth will expand significantly from Quarter 2 and exceed the State Bank of Vietnam (SBV)’s target of 12% for the year as a whole if the pandemic is brought under good control and the vaccination campaign proves effective, according to insiders.

Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.