Vietnam advances in curbing Asia’s fastest inflation
Vietnam is making headway against Asia ’s fastest inflation as prices
rise the least in 11 months, says an article posted on Businessweek
website of Bloomberg.
Vietnam is making headway against Asia ’s fastest inflation as prices
rise the least in 11 months, says an article posted on Businessweek
website of Bloomberg.
The article says this may boost confidence in Vietnam ’s economic policy making as the nation struggles to spur investment.
The Vietnamese Government rolled out the Resolution 1 to tame prices, restrain credit growth and stabilise the currency a year ago, the article says.
The article quoted Trinh D Nguyen, a Hong Kong-based economist at HSBC Holdings Plc as saying that this shows that Vietnam has been quite effective in tightening policy not just through interest-rate movements but also by administrative measures./.
The article says this may boost confidence in Vietnam ’s economic policy making as the nation struggles to spur investment.
The Vietnamese Government rolled out the Resolution 1 to tame prices, restrain credit growth and stabilise the currency a year ago, the article says.
The article quoted Trinh D Nguyen, a Hong Kong-based economist at HSBC Holdings Plc as saying that this shows that Vietnam has been quite effective in tightening policy not just through interest-rate movements but also by administrative measures./.
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