Vietnam CPI hits 14-year low

The reading is far below the 5% target set for the year by the National Assembly. Vietnam’s low inflation can be attributed to the government’s good price management and low commodities prices, especially food and energy, economists said.

The index was mainly pulled down by a 1.57% month-on-month decline of the price of transport services due to consecutive cuts in fuel prices. According to experts, credit growth this year could exceed 18%.