The price of RON 92 declined by 862 VND per litre to 16,504 VND (0.72 USD) from 3:00pm on June 20 as decided by the Ministry of Industry and Trade and the Ministry of Finance. SEE MORE The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate. SEE MORE In the first five months of the year, the average inflation rate was at 4.47 percent. But the commission forecast that inflation would drop toward the end of the year due to stability of food and restaurant prices. SEE MORE The World Bank (WB) released its Global Economic Prospects report on June 4, forecasting a global 2017 economic growth rate of 2.7 percent and a Vietnamese growth rate of 6.3 percent, lower than the 6.7 percent goal set by the government. SEE MORE “GDP growth has important significance for Vietnam as it creates resources for investment & development, generates jobs, and increases the budget revenue to spend more on investment and social welfare, contributing to political stability,” SEE MORE