Quote:
Originally Posted by naemlo
Devaluation has double edge sword. I do not think it will boost much cause most common currency use in trade is USD.
It will effect the common ppl,
Using a lame/laymen example, in petrol dollar imposed by big mafia of the world, importing petrol used to be USD 1 and sell at 21,000VND and now importing petrol is still USD 1 but need to sell 21,100VND. Unless importer willing to adsorb the different, else it will pass down to the consumers....
Anyway, we are not politician, we are cheongster.... whichever policy makes our cheonging easier is good policy.  |
what is the point of devalue Vietnam Dong by 1% when inflation is averaging 7.5%...
Inflation picks up in June
June 24, 2013
In June, consumer prices rose 0.05% over the previous month, which contrasted the 0.06% fall recorded in May. According to the General Statistics Office of Vietnam, higher prices for garment and footwear as well as for culture, entertainment and tourism offset lower prices for postal services and communications as well as for traffic.
As a result of the monthly increase, annual inflation rose from 6.4% in May to 6.7% in June. Despite the increase, annual average was unchanged at May’s 7.5%.
FocusEconomics Consensus Forecast panellists expect headline inflation to average 7.5% in 2013, which is down 0.3 percentage points from last month’s forecast. According to the panel, average inflation will accelerate to 7.8% in 2014.