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.
At the event, experts from the Price Management Department under the Ministry of Finance analysed that factors like money supply, interest rates and aggregate demand did not only cause inflation to drop sharply in the first six months of 2023, but also restrained the CPI rise in the last six months. Over the past one year, the CPI has only increased 0.17% per month on average.
HCM City plans to build seven new logistics centres by 2025. They include a six-hectare logistics centre of the Sài Gòn Hi-Tech Park in Thủ Đức city in the process of identifying a developer, and six others in Cát Lái, Long Bình, Linh Trung, Củ Chi, Hiệp Phước and Tân Phước in zoning process. This will enhance inter-regional connection between the city and neighbouring localities, and connection among modes of transport, including roads, waterways, airways, railways, and logistics services; and implement them synchronously with the city’s transport infrastructure development plan in the period of 2020-30.
Last week highlight
There are positive signs in FDI inflows in H1. According to the General Statistics Office (GSO), out of more than USD 13.43 billion worth of foreign investment poured into Vietnam in the first six months of this year, newly-registered capital reached almost USD 6.5 billion, accounting for 48.3% of the total, up 31.3% YoY.
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Let’s look at some other key financial and business headlines during the past week
- Vietnam, France eye green, sustainable development
- Vietnam likely to keep inflation below 4.5% in 2023: Economists
- HCM City to build seven new logistic centres
- Foxconn invests 246 mln USD in two new projects in Vietnam
- EU considered potential destination for Vietnamese rice
- Beverage, game businesses threatened by proposed consumption tax
- Electronic payment continues to flourish in Vietnam
- Air passenger surges by 30% in first six months
- Vietnam still “an FDI darling”: Singaporean bank
- Green consumption trend reshapes retail market
Key words: Vietnam, business, finance, economy