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Deputy Prime Minister Le Minh Khai received General Manager of the Bank for International Settlements (BIS) Agustin Carstens in Hanoi on September 22.

Indonesia's inflation is among the lowest worldwide, with the Consumer Price Index (CPI) inflation falling more quickly and returning closely to its target of 3%, said a local official.

All economic sectors should actively implement drastic and synchronous measures to promote growth and overcome difficulties in the rest of the year, aiming to complete this year’s target of 6.5% in GDP growth, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

Priority should continue to be given to maintaining macroeconomic stability, controlling inflation, spurring growth and ensuring major balances of the economy, Prime Minister Pham Minh Chinh said at the Government’s February meeting on March 3 in Hanoi.

The scale of the domestic retail market is expected to increase from 142 billion USD at present to 350 billion USD by 2025, contributing 59% of the national GDP, according to the Ministry of Industry and Trade (MoIT).

Prime Minister Pham Minh Chinh has directed that maintaining macro-economic stability, controlling inflation, propelling growth and ensuring major balances of the economy continue to be priorities in February and coming months.

Inflation has so far been controlled in line with the set target, and the macro-economic situation stabilised with major balances of the economy ensured, Deputy Prime Minister Le Minh Khai said at the year-end meeting of the Price Management Steering Committee on December 28.

Vietnam is set to increase the base wage from July 2023.

Governor of Bank Indonesia (BI) Perry Warjiyo has estimated that the country will grow 5.2% in 2022, supported by exports and domestic consumption.

Vietnam’s inflation would be kept around 4% in the second half of the year thanks to many favourable factors, according to experts.

Credit growth of credit institutions was quite positive at 5.04 percent at the end of the first quarter of this year, much higher than the 2.16 percent rise in the same period last year, the State Bank of Vietnam (SBV)’s Deputy Governor Dao Minh Tu said at the Government’s regular press conference in March.

As the Russia-Ukraine conflict complicates, oil prices continue to 'escalate' and the world economy falls into crisis, it will be very difficult for Vietnam to achieve its GDP growth target of 5-6.5% this year.

The average consumer price index (CPI) in the first four months of this year inched up 0.89 percent from the same period last year, the lowest rise for the first four months of a year since 2016 and clearing the way for the country to achieve its goal of keeping inflation at below 4 percent for the year as a whole, according to an official from the General Statistics Office (GSO).

The average consumer price index (CPI) in the first four months of this year inched up 0.89 percent from the same period last year, the lowest rise for the first four months of a year since 2016 and clearing the way for the country to achieve its goal of keeping inflation at below 4 percent for the year as a whole, according to an official from the General Statistics Office (GSO).

Although many forecasts said that inflation would be controlled at less than 4 percent this year, economists recommended it was still important to pay attention to inflationary pressures.

Director General of the General Statistics Office (GSO) Nguyen Thi Huong has stressed that 2020 is considered a year of success in inflation control.

Prime Minister Nguyen Xuan Phuc has called for the continued study of fiscal and monetary policies to stimulate the country’s economy while ensuring macro-economic stability and inflation control.

Vietnam recorded a year-on-year increase of 2.79 percent in the consumer price index (CPI) in 2019, the lowest level in the past three years, the General Statistics Office (GSO) said on December 27.

Deputy Prime Minister Vuong Dinh Hue stated that this year’s inflation is controllable, at 3.3 – 3.9 percent, while chairing a November 18 meeting on the recent surge in prices of pork, an essential foodstuff.

A CPI rise at three-year low during the first half of 2019 has greatly helped stabilise the macro-economy, promote economic growth and leave much room for inflation control for the remaining of the year, according to Deputy Prime Minister Vuong Dinh Hue.