This is seen as a positive sign for the economy amid the current serious Covid-19 situation that is having negative impacts on enterprises’ operation.

Vietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices.

While key economic indicators in January remains positive, the economy is set to go through a rough path amid a Covid-19 resurgence.

Local authorities should enhance supervision activities of market situation for timely intervention, which is in line with market-based principles and the goal of stabilizing macro-economic conditions.

The State Bank of Vietnam aims to keep the inflation rate below 4% this year to ensure the stability of the monetary and foreign exchange markets.

The economy will continue to face uncertainties in 2021, which requires a cautious and flexible approach in price management.

Core inflation rose 2.31% year-on-year in 2020.

The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government.

While Vietnam continues to pursue the dual target of containing the pandemic and boosting economic recovery, protecting people’s lives remain the government’s utmost priority, Prime Minister Nguyen Xuan Phuc has said.