Vietnam’s PM urges focus on growth with inflation under control

HANOI, June 3 (Bloomberg): Vietnam needs to prioritise growing the economy with inflation under control and its export-dependent businesses struggling with declining orders, Prime Minister Pham Minh Chinh said during the government’s monthly meeting on Saturday in Hanoi.

Inflation in May quickened 2.43% from a year ago, the lowest level in 14 months, according to government data. But the government has reported further risks of a growth slowdown with exports contracting for a fourth month and a local property market facing a continuing crisis.