Single-digit inflation this year, assures official

Posted on 04 March 2010

VNBusinessNews.com – Prices will rise by around 4 percent in the first quarter and 8-9 percent during the whole year, Le Duc Thuy, the chairman of the National Financial Supervisory Committee, told the media Wednesday.The full-year forecast is close to the National Assembly’s target of 7 percent.The committee expects March inflation to be 0.5-1 percent following gasoline, electricity and coal

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Single-digit inflation this year, assures official

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making