Coordinated efforts to curb inflation

Abstract

As of the end of April, 2011 Vietnam’s CPI had risen to 9.64 per cent, but if compared with the same period last year it would increase by 17.51 per cent and CPI is estimated to reach over 12 per cent by the end of December of 2011 or far exceed the projected target of 7 per cent set by the National Assembly

Measures to curb inflation will include (1) tightening currency policy and raising the foregn currency management, (2) controlling the credit increase and adjusting the credit structure and raising the credit quality.

Vietnam’s inflation rate is expected to increase in the coming time and estimated to reach over 12 per cent in the of December 2011./.