The Southeast Asian country is expected to keep annual inflation at a rate below 5 percent, or about 2 percentage points below a government target, Dung told the National Assembly in its opening session broadcast nationwide.

After growing 5.42 percent in 2013, Vietnam's economy has been expanding faster this year, with the third quarter's annualised growth quickening to 6.19 percent, from 5.42 percent in the second quarter and 5.09 percent in the first three months, government data show.

The September's consumer price index rose 2.25 percent from December 2013, the slowest year-to-date pace in a decade, Dung said.

By Ho Binh Minh - Reuters - October 19, 2014