FE Today Logo

Vietnam might face inflation of up to 30pc this year

July 03, 2008 00:00:00


HANOI, July 2 (Xinhua): Vietnam is likely to post increase of 25.5-30 per cent in consumer price index (CPI), its inflation rate, this year, local newspaper Youth Wednesday quoted the prediction of the country's general statistics office as reporting.

CPI in the first half of this year rose 20.34 per cent against the same period last year. Meanwhile, Vietnam's gross domestic product (GDP) grew 6.5 per cent, compared with the growth of 7.91 per cent in the same period last year.

The country made export turnovers of nearly 29.7 billion US dollars and import turnover of roughly 44.5 billion dollars between January and June, recording respective year-on-year surges of 31.8 per cent and 60.3 per cent, the office said.


Share if you like