Inflation under control
All possible levers are being discussed as Vietnam grapples with the specter of rising inflation in the opening months of the year.
Vietnam Steps Up Efforts To Combat Inflation Amid Global Turmoil
As economic storms rage worldwide, Vietnam's Deputy PM Le Minh Khai marshals forces to monitor price swings and deploy flexible strategies to rein in inflation within the 4-4.5% target for 2024.
Vietnam able to keep inflation below 4%
The existing inflationary pressure in Vietnam is due to cost-push factors, mainly energy prices, analysts have said. With oil prices now heading downwards and standing at their lowest level for six months, Vietnam will be able to control inflation at less than 4 per cent for the year. Inflation in the first seven months was just 3.1 per cent, which is low compared to many other economies around the world.