Vietnam Industry and Trade News Bulletin for AUGUST 01, 2023
A. GENERAL ECONOMIC NEWS & MACROECONOMIC OUTLOOK 1. Growth Forecasts and Inflation Trends • Strong Growth Recovery: Vietnam’s economy is predicted to grow strongly in 2023, supported by four interest rate cuts within three months, bringing deposit rates down to approximately 7% and lending rates to 8-9%. • CPI and Core Inflation: In July 2023, the Consumer Price Index (CPI) increased by 0.45% compared to the previous month, with a 7-month average increase of 3.12%….