World Economic outlook - dong revaluation projections 2012 : Meanwhile, big finance institutions have predicted that the world’s goods prices in 2012 may go down by 10 percent over 2011.
According to the National Finance Supervision Council, in the first six months of 2012, the CPI may increase by 3-4 percent only, if the exchange rate fluctuations do not occur. Meanwhile, the council’s Chair Vu Viet Ngoan has affirmed that the CPI increase of less than 10 percent in the whole year 2012 is feasible.
Regarding the dong/dollar exchange rate, Thanh said that the payment balance surplus of 3 billion dollars in 2011 and the expected continued surplus in 2012 would be the good foundation to stabilize the dong value.
Sharing the same view, Deputy Director of the Central Institute of Economic Management CIEM Vo Tri Thanh quotes the predictions of some international institutions that the dollar price would not exceed the 22,000 dong per dollar threshold, which means that the dong devaluation would not be higher by 4-5 percent than 2011
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