HANOI- Inflation pressure is rising in Vietnam from uncertainty over energy prices and the war in Ukraine, but authorities will keep prices in check and pursue flexible, prudent monetary policy throughout next year, its prime minister said on Thursday.
The government will maintain macroeconomic stability this year and manage inflation, while keeping it under 4.5 percent next year and targeting 6.5 percent gross domestic product growth, Pham Minh Chinh told legislators on Thursday.
He said 2023 would bring more challenges than advantages for Vietnam’s economy and local markets would face risks.
“We will continue to pursue a prudent and flexible monetary policy to ensure macro-economic stability in 2023,” he told the National Assembly in the opening of its new session.
“The tasks for us for the rest of this year and for 2023 are challenging, and the government expects support from the entire nation to rise to them.”
Regional manufacturing hub Vietnam has seen its economy rebound strongly from the pandemic, with gross domestic product in the third quarter growing 13.67 percent from a year earlier. — Reuters
