Vietnam July 23, National Bureau of Statistics data released in July in Vietnam's consumer price index rose by 22.16%, up 1.17%.

Vietnam regularly, according to projections released by the end of the month of economic data released data show that the .23, food, housing and construction materials, transport and education prices rise sharply in Vietnam as a whole is the main reason for rising prices. Vietnam's food prices in July rose 32.63%, housing and construction materials prices rose 22.75%, transport and education prices rose 21.70% and 25.43% In addition, the first seven months of this year, Vietnam's average inflation rate of 16.89%.

Vietnamese National Assembly Economic Committee Chairman Ruanwen Xiong said, the rate of inflation or in Vietnam in August this year, 23%, and at the end down to about 18%, which means that Vietnam will be very difficult to control the inflation rate this year will be below 17% goals.

Vietnam's annual inflation rate of 11.5% last year, China's GDP growth rate of nearly 7% in the first half of this year, Vietnam's inflation rate and economic growth rate reached 16.03% and 5.57%.

Vietnam's economy in recent years show high growth, high inflation trend, the current inflation rate in the country is Asia's highest economic body of one of the Vietnamese Government has taken to improve the benchmark interest rate to control the size of credit and to reduce public spending and a series of measures to try to curb inflation, However, the depreciation of VND to the country's efforts to control prices adversely affected.

Since November, 2009, VND depreciation on four occasions, most recently in mid-February this year, Vietnam allowed the currency devalued by about 9 percent, making reference to the name of VND against the U.S. dollar exchange rate depreciated by the 18932:1 to 20693:1. Analysts said the move aims to increase Vietnam's foreign exchange liquidity and reduce the Chinese trade deficit, but with this energy and other commodity prices have increased substantially in emerging markets face greater pressure of imported inflation,This makes the inflationary devaluation of the Vietnamese side effects highlight the growing


This articlereleased:China Trade Information (http://en.zgxu.com),Reprinted Please note Ming.