Inflation in Vietnam for 2024 is projected to reach a range of 4% to 4.5%, higher than the 3.5% recorded in 2023, according to the Banking Academy’s Banking Research Institute.
Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to implement key tasks and solutions to boost growth, curb inflation, and stabilise macro-economy in July and the third quarter of 2024.
Experts and scientists sought price management solutions, especially in the context that the minimum wage has increased since July 1, at a workshop in Hanoi on July 3.
Vietnam’s GDP growth in the second quarter of the year is forecast to moderate to still-strong 5.3% from 5.7% in the first quarter, according to the Standard Chartered Bank’s recent macro-economic updates about Vietnam.
