Maintaining control over power prices exerts significant pressure on the electrical business, but rising electricity prices may expose the economy to the hazards of inflation.
Việt Nam’s economy experienced the highest growth during the 2011-22 period at 8,02 per cent in 2022 despite a looming global recession, according to the General Statistics Office of Vietnam (GSO).
The consumer price index (CPI) in the first quarter of the year rose by 1.92%, representing the lowest increase since 2017, with the exception of 2021, although the inflationary pressure will remain high until the end of the year.
Growth indicators to ensure an optimistic scenario 08:00 | 09/04/2021
Striving to achieve a GDP growth rate of 6.5 per cent by the end of 2021 is both a goal and a pressure for Vietnam, the outcome of which strongly depends on a further recovery of domestic purchasing power and international trade and travel.
Processing has been a key driver for strong recovery. Photo: Le Toan
Deputy Minister of Planning and Investment Tran Quoc Phuong said, âThe growth rate of the first quarter at 4.48 per cent was low, from the point of view of the ministry.â However, there is still need for an objective view for this growth, because the 5.2 per cent growth scenario for the first quarter is placed in a state of a ânew normalâ, but the recent outbreak in the northern province of Hai Duong and some others has pulled economic growth down again down.