October 13, 2011
Vietnamese inflation may jump and the priority is to curb it, the Communist Party said as Asia’s fastest consumer-price growth adds pressure on the dong. Inflation is “at risk of surging,” Communist Party General Secretary Nguyen Phu Trong said in the text of a speech posted on the government’s website Monday. Vietnam will prioritize [...]
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April 26, 2011
Consumer prices climbed 17.51 percent in April Inflation in Vietnam will cool in June or July if concerted measures are taken, particularly to cut public investment, a government official said Monday. Minister Nguyen Xuan Phuc, head of the government’s office, said he did not expect inflation to level out in May. In late February, the government announced [...]
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April 22, 2011
Vietnam’s five-year bonds dropped this week by the most in five months as banks refrained from purchasing debt on concern the government will further tighten monetary policy to combat surging inflation. The dong gained. The government is due to report consumer prices as early as tomorrow. Inflation accelerated to 13.89 percent in March from [...]
Tags: Bloomberg, Consumer Prices, Dong Gained, Government, inflation, percent, prices, The Currency, The Dong, The Dong Gained, The government, Vietnam
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April 9, 2011
A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]
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March 22, 2011
Vietnam’s government grapples with an unprecedented inflationary predicament Construction workers have lunch on the sidewalks of a street in downtown Ho Chi Minh City As consumer prices continue to rise, globally, fuel and energy have spiked at home. Minister of Planning and Investment, Vo Hong Phuc, sat down with Thanh Nien Weekly to discuss [...]
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January 1, 2011
Higher Tet bonuses this year could have lower value when buying goods Customers pay for goods at a grocery store in Hanoi. Although bonuses for this Tet are higher, workers are struggling with price hikes. Riding on improved production and trade, businesses in general have promised higher bonuses for the upcoming Tet holiday than [...]
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November 9, 2010
Consumer prices by the end of October rose 7.58 percent over last December Vietnam’s government has reaffirmed that it will take strong measures to keep inflation below 10 percent this year, a senior official said. By the end of October, consumer prices had risen 7.58 percent over last December, and there is now pressure to achieve the original inflation [...]
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December 5, 2009
A shop owner calculates money at a market in Ho Chi Minh Cityâs District 1. The fall of the dong has consumers beginning to feel the pinch as importers and producers raise prices, passing on dollar hike costs to end-users. A survey by Thanh Nien found that since the one-off devaluation of the dong last [...]
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November 21, 2009
Fuel is one of eight products that will be taxed under the Environmental Tax Law, according to a finance ministry’s proposal A new environment tax on fuel products is necessary but it will drive up transport costs and hence consumer prices, experts say, suggesting the rate be low. Thai Van Chung, general secretary of the [...]
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August 26, 2009
Sellers at a market in Hanoi. Consumer prices rose 2 percent in August from a year earlier, the weakest pace since January 2002. Vietnamese inflation slowed to the lowest level in more than seven years, benefiting from comparison with the peak of a surge in prices in 2008. Consumer prices rose 2 percent in August [...]
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