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Update news deflation
VietNamNet Bridge - The topic of the dialogue at the Vietnam Development Partner Forum (VDPF), the forum for Vietnam and its development partners, was about the resources Vietnam will rely on to develop its economy.
VietNamNet Bridge - Analysts have said the strong investment wave of investors from South Korea, Japan and the US would act as a counterpoise to rising Chinese investment.
VietNamNet Bridge - The budget deficit is higher than the permitted level, while the public debt nearly has reached an alarming rate. But huge projects capitalized at trillions of dong are still proposed.
VietNamNet Bridge - The Vietnam National Shipping Lines (Vinalines), which was considered the country’s leading shipping firm, had by mid-2015 reportedly owed VND2.3 trillion to commercial banks.
VietNamNet Bridge - The State Bank of Vietnam (SBV) has vowed to tighten the foreign exchange market as it has been doing with the gold market.
VietNamNet Bridge - The number of 3D TVs now accounts for 10 percent of TVs available in the market. It is only considered a supporting feature for high-end models and is less favored than Smart TVs.
VietNamNet Bridge - The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling.
VietNamNet Bridge - The big change in the exchange rate, if it is made, would cause many depositors to withdraw dollar deposits before maturity, experts have warned, which would create market chaos.
The State Securities Commission has maintained a cautious view on the development of Viet Nam's stock market in 2016 and prefers to focus on stable performance over growth.
Experts have said any adjustments in monetary policies should be carefully considered with great attention being given to inflation, as low inflation will create room for interest rate cuts.
VietNamNet Bridge - Economists believe that the low inflation rate is a concern for Vietnam, which has been affected by high inflation for many years.
Vietnam lacks forecasts about deflation and the scenarios to deal with it if it occurs. International institutions have warned that the country may face deflation as the Consumer Price Index has increased very slowly in recent months.
VietNamNet Bridge - Vietnam saw the lowest consumer price index (CPI) increase in the last 10 years in September, which has raised concerns about the risk of deflation.
Despite the low CPI increases over the last several consecutive months, the government of Vietnam does not intend to hurriedly loosen the monetary policy for the fear about the high inflation.