Vietnam's central bank says inflation is higher than targeted but remains under control
Hanoi, October 7 - Vietnam's central bank has reported that annual inflation in September has increased to 5.08 per cent, surpassing its target of 4.5 per cent for the year, but remains under control, deputy governor Pham Thanh Ha stated on Wednesday. The inflation rise is attributed to higher prices for imported fuels, primarily due to ongoing tensions in the Middle East following the Iran war. Despite this, banks have seen an 11.59 per cent increase in total lending since the end of last year.
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