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Prices dim New Year cheer in Vietnam

01-21-2012 11:16 BJT

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China isn't the only Asian country gearing up for lunar new year celebrations. In Vietnam, revelers are also getting ready to ring in the Year of the Dragon. But like many other emerging countries, soaring prices are putting a dampener on the festive sentiment.

Inflation in Vietnam is nearly 18.6 percent - one of the highest in Asia. That’s despite the government introducing a slew of measures to try and get prices down. Still, the Vietnamese are doing their best to maintain the celebratory mood. Many are simply cutting back on their decorating budgets, ahead of the holiday.

 

Editor:Zhang Rui |Source: CNTV.CN

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