Economic experts at a July 11 seminar on Vietnam’s market prices have predicted that the country’s purchasing power is likely to increase in the remaining months of the year.

Nguyen Ngoc Tuyen, Director of the Institute of Finance and Economics, cited some reasons that will lead to a CPI rise, including the high demand period from September, measures to loosen financial and monetary policies, and growing consumer spending on education.

According to experts, economic and banking system restructuring, adjusted interest rates, measures to encourage social investment and favourable tax policies all will push up supply and purchasing power.

Statistics from the Ministry of Planning and Investment show that the country’s total purchasing power in the first six months of 2013 was down due to weak demand.

Total retail sales and services revenue in the period was estimated at 1,275 trillion VND, a year-on-year increase of 11.9 percent. The growth rate for 2012 was 16 percent.-VNA