Nguyen Ngoc Tuyen, Director of the Institute of Finance and Economics, stated that governmental measures to loosen financial and monetary policies and growing consumer spending on education are likely to cause the CPI to increase.

According to other experts, the economic and banking system restructuring, measures to encourage social investment and favourable tax policies all will likely push up supply and put upward pressure on the CPI.

Statistics from the Ministry of Planning and Investment show that the country’s total purchasing power in the first six months of 2013 was down due to weak demand.

Total retail sales and services revenue in the period was estimated at VND1,275 trillion, a year-on-year increase of 11.9%. The growth rate for 2012 was 16%.

 (Source: VNA)