Tag: inflation

Vietnam kept inflation broadly under control in the first half of 2026, but narrowing policy headroom is expected to make price management increasingly challenging in the months ahead.

The consumer price index (CPI) down 0.39% in June from previous month.

Vietnam’s growth this year continues to be affected by global uncertainties, according to ADB experts.

CPI increasing 1.23% from the previous month, driven by surging global fuel prices and higher construction material costs.

Vietnam’s growth accelerated to 8 per cent in 2025, likely crowning it Asia’s fastest-growing economy

Efficient credit allocation is central to controlling inflation and ensuring banking system safety.

Inflation management will represent a key task as 2025 unfolds.

The main causes are pressures from global energy and food price hike, and impact of Typhoon Yagi.

All possible levers are being discussed as Vietnam grapples with the specter of rising inflation in the opening months of the year.

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.

Most policymakers mistakenly believed inflation was only a momentary matter, central bank official tells Vietnam Economic Scenario Forum.

Lower inflation rate expected in 2023 due to cautious monetary policies and the risk of the global economy falling into recession.

Dialogue aimed at acknowledging the challenges facing enterprises and workers and seeking solutions to help overcome the difficulties in economic recovery.

Core inflation up from 4.5 per cent in October to 4.8 per cent in November.

After the State Bank of Vietnam (SBV) raised the ceiling interest rate for deposits under six months to 6 per cent per annum, many banks increased their rates from October 25. The highest is at SCB, at up to 9.3 per cent per annum. Analysts have forecast that interest rates will continue to increase over the closing months of the year due to exchange rate pressure and inflation.

The State Bank of Vietnam (SBV) believes that inflationary pressure is tending to increase. The 2022 figure is expected to exceed 4 per cent, posing challenges in control efforts next year. Cutting lending interest rates will also face difficulties, due to deposit rates and the USD/VND exchange rate both tending to increase.

The heat of inflation does not appear to be too significant in Vietnam, with the World Bank (WB) forecasting a rate of around 3.8 per cent for this year. However, factors such as fluctuations in energy prices, the end of policies supporting lower taxes, rising prices for public services, and higher wages will make controlling inflation more difficult.

Mr. Hiroshi Funaki, Chairman of Vietnam Holding Limited, said that despite the gloomy prospects for the global economy, Vietnam is considered an attractive investment destination with positive growth prospects. Several banks have recently raised their 2022 growth forecasts to nearly 7 per cent. Inflation, meanwhile, is predicted to reach 3.5-4.0 per cent for the year.

A survey conducted by the General Statistics Office (GSO) shows that many enterprises believe that production and business as well as orders will increase by the end of the year, even if global inflation increases. Notably, the non-State sector was the most optimistic, with 83.6 per cent of respondents anticipating better production and business conditions in the fourth quarter. The rate among foreign enterprises was 80.9 per cent.

Ms. Nguyen Thu Oanh, Director of the Department of Price Statistics at the General Statistics Office, said that despite pressure and difficulties in the global context, Vietnam’s CPI was under control in the first eight months of the year, at 2.58 per cent, which eases pressure on input costs. Underlying impacts, however, remain.