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Vietnam’s inflation projected to reach 4.5 pct in 2024

HANOI, Dec. 3 (Xinhua) — Vietnam’s inflation in 2024 is projected to reach 4 to 4.5 percent, higher than the 3.5 percent of 2023, Vietnam News cited a report from the country’s Banking Research Institute on Tuesday.

The higher projection was mainly due to soaring global energy and food prices, coupled with the impact of Typhoon Yagi, which has significantly increased domestic production costs and consumer price