Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates.
Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates and lower the dong deposit rate cap if month-on-month inflation is less than 1 percent, Governor Nguyen Van Binh told lawmakers Friday. Prices rose 0.39 percent in November from October.SEE MORE SINGAPORE (ICIS)--Trade financing has tightened for polyethylene (PE) and polypropylene(PP) going in and out of Iran, after fresh waves of US - led international sanctions hit the Middle Eastern country, industry players said on Wednesday. SEE MORE The Indian rupee’s slump to its weakest level since at least 1973 risks boosting inflation and spurring higher interst rates just as a manufacturing slowdown eases price pressures in neighboring China. SEE MORE The 2012 budget plan is currently a hot topic at the National Assembly agenda. Its Finance and Budget Committee senior expert Bui Duc Thu sheds some light on the issue.
SEE MORE VietNamNet Bridge – Trade companies all say they won’t import goods in big quantity for the year-end sale season because of the expensive dollar, while they foresee the low purchasing power in the domestic market.
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