Focus: Higher Inflation Should Not Be An Option: Several economists have recently floated an idea that Vietnam can allow inflation to move higher than the targeted 4% to underpin the economy. They argue that an economic recovery is imperative given the Covid pandemic, the rising prices of imported materials and fuels induced by the Russia-Ukraine conflict, and high inflation in Western economies.
Inside Vietnam: A Tall Order: The Vietnamese dong currency remains remarkably stable while other currencies are sliding against the U.S. dollar. This situation makes foreign exchange rate management increasingly difficult.
