Vietnam reaffirms commitment to 4-4.5% inflation rate for 2024

The Vietnamese government has reaffirmed its commitment to maintaining the inflation rate at around 4-4.5 per cent for this year, as stated in Resolution 93/NQ-CP issued on June 18. This decision follows a 4.03 per cent rise in the consumer price index over the first five months compared to the same period last year.

Additionally, the government is determined to achieve the National Assembly's GDP growth target of 6-6.5 per cent.

To meet these ambitious goals, ministries and agencies have been instructed to revitalise traditional growth drivers—investment, export, and consumption—while also fostering new economic engines. These include regional connectivity, the digital economy, green economy, circular economy, and innovation, alongside emerging sectors such as semiconductors and Artificial Intelligence (AI), as per Vietnamese media reports.

ALCHEMPro News Desk (DP)