This year is expected to remain challenging for the domestic economy. Minister of Finance Vuong Dinh Hue spoke to the Vietnam News Agency about measures to assist enterprises and fulfill the nation’s economic reform and development plans.
HA NOI (VNS) — The consumer price index (CPI) in February rose by only 1.32 per cent against the previous month, lower than expected thanks to abundant supplies of essential commodities, the General Statistics Office (GSO) reported.
VietNamNet Bridge – The dollar price has been fluctuating so heavily since the market re-opening after the Tet holiday. However, experts believe that this does not mean the start of the dong depreciation wave.
Vietnam’s higher inflation is forecast to warrant double-digit rates this year, which will challenge the Government’s drive to stabilize the macro-economy.
Vietnam’s economy is likely to bottom out in 2013 unless more effective measures are taken, said the Vietnam Academy of Social Science (VASS). SEE MORE