Vietnam’s CPI growth in Q1 lowest in three years

The consumer price index (CPI) in March fell 0.2 percent from the same period in 2018, helping the average CPI in the first quarter stay at a three-year low of 2.6 percent year-on-year.

At a meeting on Thursday, the Steering Committee on Price Management said that global economic growth has been slowing faster than expected, which has affected Vietnam's economy, especially its export sector. However, they said the domestic economy has been stable, with consumer spending and foreign direct investment posting decent growth and public investment disbursement higher than in 2018. Deputy Prime Minister Vuong Dinh Hue said the target of keeping this year's inflation between 3.3-3.9 percent is within reach.

Source: VOV5