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Update news domestic demand
Major foreign financial institutions such as IMF, ADB, and AMRO have made different forecasts on Vietnamese inflation this year, although they all anticipate the figure to hover around 4%.
A steel price hike would affect immediately some economic sectors and later the entire economy. The final outcome is that the price level in the economy will go up.
Restaurants and eateries have been crowded recently, following the social distancing period. Analysts believe this indicates a rapid recovery of the economy after the epidemic.
VietNamNet Bridge – The government has set its sights for the nation’s economy to expand at a quicker 6.2% GDP rate for 2015 as strong exports continue to drive growth and it tries to invigorate them to offset weak domestic demand.
VietNamNet Bridge – Viet Nam's cement production has met domestic demand since 2010 but has surpassed it since 2012 because of declining consumption resulting from economic recession.