At the end of Q2, the market will assess the pressure of assets tapering by Fed and other central banks, as well as interest rate hikes at the end of the year in Viet Nam. This could be the reason...
The Government should enhance macro-economy stability to strengthen the national economy before risks appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on Tuesday.
Increases in environmental protection taxes on petroleum from the beginning of next year would weigh heavily on inflation, especially as fuel prices rise worldwide, according to the Viet Nam Institute For Economic and Policy Research (VEPR).
The Government reported on Tuesday to the National Assembly that the macro economy remains stable, inflation is controlled under 4 per cent, and the annual growth target of 6.7 per cent is likely to be achieved.
Market research firm Market Intello has forecast that Viet Nam’s inflation may fall to below 3 percent, lower than the rate of 3.8 per cent it predicted last month.
Experts suggested the Government continue to stabilise the macro economy
and control inflation at a conference held yesterday by the State Bank
of Viet Nam.
The country''s gross domestic product (GDP) growth would hit 6 per cent
in the fourth quarter thanks to rising demand in the last months of the
year and a stronger macro-economy.
Viet Nam''s macro economy had been partially stabilised, but this was
not yet sustainable, said Deputy Prime Minister Nguyen Xuan Phuc at the
midterm review workshop on the 2011-15 socio-economic development plan
yesterday.
Economic experts have warned that Viet Nam''s macro-economy must be
controlled with caution as the country faces an uphill task to achieve
economic growth of 5.5 per cent in the context of tough economic
conditions both globally and domestically.
The Government urged the State Bank of Viet Nam to guide commercial banks to lower costs. Such a move would also cut lending interest rates, making it easier for businesses to access loans and helping capital flow into production.
Indicators during the last three months are promising signs of an early economic recovery. However, in both the short and long term, it seems the economy will encounter many challenges that could threaten economic growth and make recovery weak and...