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Inflation in Vietnam expected to stay below 4.5% in 2023

Vietnam's inflation goal of 4.5% for 2023 appears achievable, with experts predicting a range of 2.5% to 3.5%, according to a seminar in Hanoi. Nguyen Duc Do, Vice Director of the Institute of Economics and Finance, cited money supply, interest rates, and aggregate demand as key influences curbing inflation, with the CPI increasing by only 0.17% per month on average. If this rate persists, inflation should be around 2.5% by year's end. Despite economic pressures from global conflicts and domestic issues like rising salaries and commodity prices, falling petrol costs, abundant food supply, and a potential drop in global inflation may alleviate these pressures, paving the way for Vietnam to reach its inflation target.


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