Inflation forecast to rise in second half of 2016

The report states that Vietnam’s economy has gained significant achievements over the past year, with GDP rising to 6.7%, the highest recorded in the past 8 years. The inflation rate dropped to 0.6% last year; however, in the first and second half of this year, the figure is forecast to rise to 3% and 5.1% respectively, due to stable global oil prices and rises in food prices. HSBC experts also suggest that if inflation rises to forecasted levels, tighter monetary control should be implemented by the State Bank of Vietnam in the second half of this year.