Vietnam Policy Credibility Hurt by Prices, Amcham Says

The credibility of Vietnam’s economic and monetary policy has been hurt by quickening inflation, plans for price controls and the nation’s currency regime, the American Chamber of Commerce said.

“The government’s approach to economic and monetary policy has raised credibility and confidence issues,” Amcham’s Vietnam chapter said in a statement read to government officials at a conference in Hanoi today. The business group said it is concerned about “the lack of an effective inflation policy.”