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One-third Vietnamese firms have anti-inflation measures

(Xinhua)
Updated: 2008-06-18 14:56

HANOI  -- Only 33 percent of surveyed companies in Vietnam have taken measures to deal with inflation, mainly by raising salaries and allowances, local newspaper Youth reported Wednesday.

According a recent survey conducted among 120 enterprises by local firm Nhan Tai, 56 percent of the one-third have hiked their employees' salaries, and 28 percent, allowances. The salary hike rate applied at most of the firm is 10 percent.

Among the 120 surveyed companies, 35 percent have plans to cope with inflation, 28 percent are reluctant to do so, and four percent do nothing.

In the first five months of this year, Vietnam's consumer price index, or inflation rate, surged 19.09 percent against the same period last year, according to the country's General Statistics Office.