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March 2011

Viet Nam: Struggling to cope with rising prices

1 March 2011
HO CHI MINH CITY, 1 March 2011 (IRIN) - Vietnam’s inflation rate is among Southeast Asia’s highest and its population is struggling to keep up with sharp increases in food, fuel and electricity prices.

On 1 March the government increased electricity prices by a record 15 percent to an average 1,242 dong (US 6 cents) per kilowatt per hour. The week before, petrol prices were raised by 18 percent to 19,300 dong (93 cents) per litre.

In Vietnam, inflation has increased every month since August 2010, reaching 12.2 percent in January.

“Things are getting really uncertain,” said Nguyen Bich