INFLATION TAMED, IS VIETNAM SET FOR STIMULUS?

HO CHI MINH CITY – In its monthly economic assessment, Vietnam Asset Management (VAM) says Government success in the first half of 2013 in curbing inflation has helped stabilise Vietnam’s macro environment, and that this leaves room to consider more drastic measures to boost growth. “The interest rate is now at its lowest, and unlikely to face more cuts while Dong devaluation is essential in order to reduce tension in the FX market,” VAM says.