Inflation A Concern Following Salary Increases hình ảnh 1

Inflation A Concern Following Salary Increases

  • 01 July 2024
  • |
  • by Viet Nam News

Economic expert Lê Duy Bình, director of Emonica Vietnam, said that raising salaries would be essential to increase income for public employees to motivate productivity. Salary reform policies would also be necessary to stimulate demand and boost domestic consumption amid ongoing economic difficulties. However, he expressed concern that salary increases could lead to inflation. He noted that the impact on inflation arose not from the actual scale but from the expectation factor.

Source: https://vietnamnews.vn/economy/1658364/inflation-a-concern-following-salary-increases.html#:~:text=With%20many%20goods%20already%20witnessing,potential%20squeeze%20on%20their%20budgets.

Inflation A Concern Following Salary Increases