Le Viêt Nam, aujourd'hui

Vietnam’s inflation slowed for a fifth month in January, giving the central bank more room to cut interest rates as a deteriorating global economy dims the outlook for exports.

The Vietnam Electricity Group (EVN) should try to reduce its power production costs, rather than repeatedly raising prices, experts said following EVN's price hike of 5 percent on Tuesday.

Vietnam's consumer price index (CPI) in 2011 rose 18.12 percent after it skyrocketed 0.53 percent in December, local newspaper Nguoi Lao Dong (The Labourer) reported, citing minister of Planning and Investment Bui Quang Vinh at a meeting on December 22 between the government and provinces on 2012 socio-economic development tasks and state budget.

The inflation rate will still be in the double-digits, keeping it among the highest in the Pacific - East Asia region, a recent report by the World Bank has said.

Vietnam's inflation is slowing but it will still hit 19 percent by the end of this year, as one of the world's highest rates, the National Assembly 's Economic Committee has forecast.

Le Vietnam lutte pour reprendre le contrôle d'une inflation galopante et d'une monnaie en chute libre, mais au-delà de ces grands déséquilibres, le pouvoir combat un ennemi plus sournois: la perte de confiance des acteurs économiques.

HANOI — Vietnam on Thursday cut its economic growth forecast for 2012 to between 6.0 and 6.5 percent, saying it would miss some major economic goals, and vowed to battle Asia's fastest-rising inflation rate.

Vietnam may undermine efforts to stabilise the country's economy and currency if it prematurely eases monetary policy, the International Monetary Fund said, as the nation fights the fastest inflation in Asia.

The high inflation rate has forced people to tighten their belt and spend less money on insurance policies. This explains the modest business result of life insurers in the first six months of year: though the premiums from new insurance policies increased by 30 percent, and the number of new policies increased by six percent only.

Prime minister Nguyen Tan Dung has said for the rest of the year, Vietnam would continue to tighten monetary policy while allowing room for growth.

Vietnam's inflation reached an annual rate of 23 percent this month, official estimates said Wednesday, adding to a year-long price spiral that has hurt businesses and consumers alike.

HANOI - Vietnam's central bank aims to get commercial bank lending rates down to between 17 percent and 19 percent, perhaps from next month, its new governor was quoted as saying in an online report, which helped lift stock prices.

Vietnamese inflation accelerated for an 11th month in July after the central bank cut a key interest rate even as the nation faces the fastest price gains in Asia.

Vietnam’s struggle to sustain growth while containing Asia’s fastest inflation will be handed to Nguyen Van Binh under succession plans for the central bank’s leadership, according to three people with knowledge of policy makers’ discussions on the matter.

Prime Minister Nguyen Tan Dung Saturday ordered government agencies and enterprises to control prices amid signs that inflation is picking up.