Banks begin to hike deposit interest rates

Faced with the likelihood of inflation, banks have to increase their deposit interest rates to ensure positive real interest rates to prevent depositors from withdrawing their money and investing it in other assets like securities and real estate.

Inflation forecast to be under control in 2022 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.

Việt Nam’s GDP grows by 2.58 per cent in 2021: GSO

Việt Nam’s gross domestic product (GDP) in 2021 is estimated to have expanded by 2.58 per cent on the previous year, despite the adverse impact of the COVID-19 pandemic on all fields of the national economy. 

WB, HSBC optimistic about Việt Nam’s economy

Việt Nam’s economy should get back to GDP growth of 6.8 per cent next year, which will be driven by a return of strong foreign direct investment (FDI) into the market, CEO of HSBC Vietnam said.

Is inflation a concern for Việt Nam with the new economic stimulus programme?

Inflation may be not a risk to Việt Nam this year but may become a big concern next year when the country is building a master programme to gear up for a post-pandemic recovery.

CPI increases by just 1.84 per cent in 11 months CPI for November increased by just 1.84 per cent from the same period last year, making it the smallest increase since 2016, according to the General Statistics Office (GSO).

Rising gasoline prices spell trouble for businesses As gasoline prices rose to the highest level in seven years during October, many enterprises are troubled by the cost of resuming business after the long period of social distancing caused by COVID-19.  

CPI in first ten months is lowest in last five years The Consumer Price Index (CPI) in October was down by 0.2 per cent from September, meaning the CPI in the first ten months of this year grew 1.81 per cent over the same period last year, the lowest growth rate since 2016.

Rising petrol price severely affects the economy

As the COVID-19 pandemic is gradually put under control, the world continues to suffer inflationary pressure and as the economy picks up, so to does the demand for fuel. Nguyễn Bích Lâm, former General Director of the General Statistics Office, talked to Việt Nam News Agency about how surging petrol price will affect Việt Nam's economy

Deputy PM tasks ministries with cautious, flexible price management Deputy Prime Minister Lê Minh Khái has asked ministries, agencies and localities to closely monitor market developments and to be cautious, flexible and active in price management in order to stabilise price levels and promote economic growth.