Vietnam March Inflation Rate Slows to 6.64%

Prices fell 0.19 percent in March from Feb., figures released by Hanoi-based General Statistics Office show. *March inflation slowest since September 2012 *NOTE: Inflation rate in Feb. was 7.02% *NOTE: Dong closed at 20,943 per dollar on March 22; VN Index fell 0.4%. *NOTE: Demand has softened post-Tet, while rice supplies are plentiful, easing pressure on food prices, according to March 20 note from Ho Chi Minh City Securities Co. *NOTE: Consumer prices are “the key economic data to monitor the government’s commitment to reform,” HSBC Holdings Plc said in note this month, adding “resisting the pressure to pump cheap credit to inefficient sectors would keep inflation stable.” *NOTE: GDP grew 5.03% in 2012, slowest pace since 1999.

To contact Bloomberg News staff for this story: Jason Folkmanis in Ho Chi Minh City at folkmanis@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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