The heat of inflation does not appear to be too significant in Vietnam, with the World Bank (WB) forecasting a rate of around 3.8 per cent for this year. However, factors such as fluctuations in energy prices, the end of policies supporting lower taxes, rising prices for public services, and higher wages will make controlling inflation more difficult.
Total retail sales of consumer goods and services in March reached VND438 trillion ($19.23 billion), up 2.9 per cent against February and 9.4 per cent year-on-year. Sales in the first quarter totaled more than VND1,318 trillion ($57.95 million), up 4.4 per cent year-on-year, of which tourism revenue rose 1.9 per cent.
