Economist Nguyen Minh Phong forecasted that interest rates in Viet Nam would not fall until the second half of 2023. He also said keeping interest rates high might be a double-edged sword for the economy.
Viet Nam''s headline inflation rate increased by 1.69 per cent in the
first quarter of this year, putting pressure on the new Government to
curb the rate going forward, according to a quarterly report on
macroeconomic growth.
Inflation this year will fluctuate at about 3 per cent due to
adjustments in public services, taxes and fees, the Viet Nam Institute
for Economic and Policy Research (VEPR) has forecast.
Viet Nam has jumped up two ranks to 68th place among 144 economies
worldwide, according to the Global Competitiveness Report 2014-15 which
the World Economic Forum (WEF) recently released.
Business conditions in the Vietnamese manufacturing sector improved in
December as output and employment increased at sharper rates thanks to
the growing renewed orders, according to HSBC''s report released
yesterday.