Standard Chartered Bank has revised its inflation forecast for Vietnam , from 11.5 percent to 9.5 per for the year, after seeing the country’s strong economic performance during the first half of this year.
“We are pleasantly surprised by the tame inflation thus far in the first half of 2010, with month-on-month inflation staying between a very benign range of 0.1 percent to 0.3 percent for the past three months,” Tai Hui, Singapore Regional Head of Research of the bank, said in a statement.
The economy was estimated to have grown by 6.2-6.4 percent in the second quarter of the year, after the country achieved 5.8 percent growth in the first quarter.
The bank said in its update report on Vietnam’s economic growth in the first half of this year that the inflation was curbed partly thanks to slight decreases in prices of food, real estate and transport, which are the main factor accounting for nearly 60 percent of the consumer price index (CPI).
However, the bank remained prudent toward the country's inflation rate because of Viet Nam 's reliance on external sources of capital./.
“We are pleasantly surprised by the tame inflation thus far in the first half of 2010, with month-on-month inflation staying between a very benign range of 0.1 percent to 0.3 percent for the past three months,” Tai Hui, Singapore Regional Head of Research of the bank, said in a statement.
The economy was estimated to have grown by 6.2-6.4 percent in the second quarter of the year, after the country achieved 5.8 percent growth in the first quarter.
The bank said in its update report on Vietnam’s economic growth in the first half of this year that the inflation was curbed partly thanks to slight decreases in prices of food, real estate and transport, which are the main factor accounting for nearly 60 percent of the consumer price index (CPI).
However, the bank remained prudent toward the country's inflation rate because of Viet Nam 's reliance on external sources of capital./.
