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
VietNamNet Bridge – Power companies all have reported big profits for 2012 with the profits up by 1.5-4 times in comparison with the last year. Meanwhile, the Electricity of Vietnam (EVN) expects the profit of VND3.5-4 trillion.