Vietnam Asset Management’s monthly Vietnam market outlook update

The government’s package of tightening measures has yet to bring desired effects towards the target issue, inflation when CPI in March was released up by 2.17per cent on-month and 13.89 per cent on year, the highest rise since March 2009. The month’s rampant inflation was mainly attributable to the 15 per cent electricity price hike from 1 March and the recent two fuel price hikes within a month making gasoline and diesel oil increase by 28 per cent and 35 per cent respectively at the month end.