Despite the changes in the world situation, Vietnam has made positive recovery in business and production activities, stabilized macro-economy, controlled inflation, and ensured major economic balances, according to a report by the Ministry of Planning and Investment (MPI) delivered at the Government regular meeting on September 6.
In recent months, inflation has shown signs of increasing in many developed economies, and remaining rather high in some developing and emerging economies due to soaring commodity prices and currency devaluation. This has raised concerns about inflation control in Vietnam.
The 2020 Consumer Price Index (CPI) in Vietnam was contained at 3.23%, but which will be difficult to maintain at a target of 4% in 2021. The reasons behind this lies in many complicating factors that can push the CPI up rather suddenly and unexpectedly.