HANOI, Jan. 9 (Xinhua) -- Vietnam's inflation was projected to remain moderate in 2025, Vietnam News Agency reported on Thursday, citing experts.
Nguyen Duc Do, deputy director of the Institute of Economics and Finance under the Academy of Finance, said in addition to factors related to currency and exchange rates, inflation in 2025 could also depend on the global economic growth, oil prices and input material prices.
International organizations forecast that the world economy in 2025 will still grow steadily at 3.2 percent, equivalent to 2024, while the average prices of oil and basic input goods tend to decrease slightly. Exchange rates and interest rates are uncertain factors that will affect prices in Vietnam, he said.
He said thanks to stable and reasonable monetary and exchange rate policies, Vietnam had controlled inflation at below 4 percent over the past decade. In 2025, the average inflation will continue to be controlled at 3 percent, plus or minus 0.5 percentage points, much lower than the 4-4.5 percent target approved by the National Assembly.
Economist Ngo Tri Long said in order to control Consumer Price Index in 2025, it was necessary to control prices of items such as gasoline, electricity, food and medicine to avoid sudden price increases. ■
