(Illustration: Baodautu.vn)

In a report titled “Vietnam: Strong recovery amid external turbulence”, AMRO attributed this to Vietnam’s plan to use its oil price stabilization fund and manage prices to offset pressures arising from developments in global energy prices.

In its "Vietnam at a glance" report in May, HSBC Vietnam said that inflation pressure in Vietnam remains low in the ASEAN region. With domestic demand continuing to recover and world commodity prices tending to rise, HSBC predicted that Vietnam’s inflation will stay at 3.7% this year.

Brian Lee Shun Rong, Macroeconomic Researcher at Maybank Investment Bank, Singapore commented that Vietnam is on the right track controlling inflation this year, as it has promptly reduced value-added tax and environmental protection tax on gasoline. Also, efforts to ensure an abundant domestic supply and price control of essential commodities have minimized inflationary pressures.