Vietnam's inflation is just the symptom

This isn’t a news flash everyone in Asia already knows Vietnam’s inflation redefines the word. But the numbers are worth highlighting as of August, Vietnam’s consumer price index was up 23% from a year earlier. That’s the 12th consecutive monthly increase. 
And it is the highest rate of inflation in Asia.

It’s affecting the man on the street. According to the government’s General Statistics Office, food and drink prices rose 34% year on year in August.

Vietnam’s high inflation is symptomatic of supply-side issues as well as monetary constraints posed by the local currency peg to the US dollar.
 Food is still the largest contributor...