Price inflation has eased at this fish market in Hanoi
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Vietnam looks keep inflation under control

Vietnam reveals it's latest inflation figures later on Tuesday

The country was once the region's shining example of economic growth, but in recent years, Vietnam has lost that image as it struggled with rising prices and a weak currency.

In August last year, it had Asia's highest inflation rate, at 23%.

But a slowing global economy and careful monetary policy brought that rate down to nearly 7% last month.

Daniel Martin, from Capital Economics, told the BBC's Asia Business Report that the government is having to balance a desire for strong economic growth with the need to keep inflation in check.

  • 24 Jul 2012