The Cost of Living Problem

Will inflation remain low?

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Prices for Everything Rise

If you follow global news, it’s evident that things aren’t going that well economically. Lingering impacts of the pandemic, the war in Ukraine, and China’s relentless pursuit of zero-Covid (among other factors) have combined to create significant macro- and micro-economic headwinds worldwide.

It’s now clear that Vietnam is no exception, which isn’t surprising given how deeply integrated the country has become in the international economy.

While the government has already said that meeting the 2022 GDP growth target of 6.5% will be difficult due to rising inflation and supply chain disruptions, I’d like to look at what effect these trends are having on the cost of living for Vietnamese.