Pork shortage could accelerate Vietnam’s 2020 inflation rate to 5.7%
Fitch Solutions revises Vietnam 2020 averge inflation forecast to 5.7% from 3.5% announced previously since the shortage in pork supply has begun to grip the country.
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The coronavirus outbreak in China has been causing shocks to global travel and tourism and is expected to further impact the business in Vietnam, which has witnessed significant growth in recent years.
Haiphong, a rising manufacturing hub in northeastern Vietnam, has ordered companies to divulge their number of Chinese workers there daily, in an attempt to curb the risk posed by the coronavirus outbreak.
Vietnam’s inflation rate accelerated 6.43% in January against the same period of last year, the highest increase since August 2013, according latest data from the General Statistics Office.
Fitch Solutions revises Vietnam 2020 averge inflation forecast to 5.7% from 3.5% announced previously since the shortage in pork supply has begun to grip the country.
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