VINACHEM

Though there will be pressure on inflation in 2022, experts forecast it will remain under control and the National Assembly's target of 4 per cent target is still feasible.

The director of the Institute of Economics and Finance Nguyen Ba Minh forecast the average consumer price index (CPI) in 2022 will increase roughly 2-3 per cent compared to 2021.

Expert Nguyen Duc Do also agreed that CPI in 2022 will remain at a low level. Though the economy is recovering, the output of 2022 will still be below potential. If Viet Nam’s GDP in 2022 grows by 6.5 per cent, the Government’s target, or even 8-9 per cent as some forecast, the average GDP growth rate in the 2020-22 period is only at 4-5 per cent, much lower than 6 per cent in the 2011-20 period.

However, experts said controlling inflation in 2022 will not be easy as the index can increase quite high from the beginning of this year, in the wake of the global economic recovery and commodity prices on an upward trend. - VNN-