Vietnam's CPI must stay within the upward 0.26-0.39 per cent range for the rest of the year to keep inflation within 4.0-4.5 per cent in 2024.

Economists at a workshop in Hanoi on January 4 shared the view that despite a host of difficulties forecast for 2024, inflation would not be a big issue for Vietnam in the year.

Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on December 29.

Vietnam should closely monitor inflation which has been on the rise in recent time, according to the World Bank (WB).

Vietnam’s economy has made good recovery since the beginning of this year; however, inflation risks could weight on the country’s growth outlook, according to experts.

The goal of keeping inflation under 4.5% this year will be totally feasible, as the rate may range between 2.5-3.5%, experts said at a seminar held in Hanoi on July 4.

The General Statistics Office of Vietnam (GSO) announced on May 29 that the first half of 2023 saw the consumer price index (CPI) rise by 3.29% and core inflation grow by 4.74% from the same period last year.

HSBC Vietnam launched a report entitled “The State Bank of Vietnam - Third time’s a charm?”, with an expectation that the SBV will deliver one more 50bp rate cut in this easing cycle, sometime in the third quarter 2023, to further support growth.

Vietnam’s consumer price index (CPI) inflation continued to trend down for the fourth month, declining from 2.8% in April to 2.4% in May, according to the Vietnam Macro Monitoring report released by the World Bank on June 19.

A rebound in retail and consumption services and a rise in prices of input materials are expected to cause pressure on the country’s efforts to rein in inflation in the coming months.

Vietnam's lending interest rates are higher than many countries in the world, while last year, Vietnam was one of the countries with the lowest inflation level. This paradox needs to be explained to find solutions to ease the burden on businesses.