Vietnam inflation in 2015 seen at 3%, no devaluation seen

[HANOI] Vietnam's inflation rate in 2015 is forecast to reach 3 per cent, below the government's initial target of 5 per cent, a state-run newspaper on Wednesday quoted a central banker as saying.

The State Bank of Vietnam also has maintained its policy in regulating the exchange rate despite US dollar appreciation and a slow move by the Federal Reserve in raising interest rates, Deputy Governor Nguyen Thi Hong was quoted as saying. "Between now and the year end, it's not necessary to raise the issue of devaluing the Vietnamese dong, especially when the State Bank has full ground to forecast that inflation in the whole of 2015 will be at 3 per cent instead of 5 per cent as per the government's target at the start of the year," Mr Hong was quoted by the Vietnam Economic Times newspaper as saying.

REUTERS