Inflation projected to reach 8% in 2010. Vietnam raised its inflation projection to 8% from its earlier forecast of 7% as strengthening economic growth is likely to push up prices.

By bne IntelliNews May 11, 2010
As reported by Thanh Nien News, the consumer price index rose 9.46% y/y in March. The government also increased electricity prices by an average of 6.8% in March, and in February state-run Vietnam National Petroleum Corp. raised gasoline prices by 3.6%. Prime Minister Nguyen Tan stated that in order to meet the full-year growth forecast, Vietnam needs to target 7% economic growth in Q2/2010. The country also aims to limit its budget deficit at 6% of GDP in 2010. <

Vietnam < Consumer Price Index <

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Source: General Statistics Office, Vietnam <

Inflation projected to reach 8% in 2010. Vietnam raised its inflation projection to 8% from its earlier forecast of 7% as strengthening economic growth is likely to push up prices.

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