IMF Forecasts Vietnam's Inflation at 7 per cent in 2005

IMF Forecasts Vietnam's Inflation at 7 per cent in 2005

Vietnam's inflation rate is likely to stand at 7 per cent in 2005, International Monetary Fund (IMF) experts forecasted during a recent conference held by the Institute for Market Price in Hanoi.

The group of IMF experts also predicted that Vietnam’s economy would expand by 7.5 per cent this year, compared with the Vietnamese government’s target of 8.5 per cent.

• L.D