Question: Please answer the following question in detail below: 1) Global oil and gasoline prices have been rising globally, especially since Russia put its forces on

Please answer the following question in detail below:

1) Global oil and gasoline prices have been rising globally, especially since Russia put its forces on the Ukraine border in February 2022. In Vietnam, fuel prices have continuously increased and reached the highest record in history this May.

a) How will this price hike affect potential inflation in Vietnam and the exchange rate between USD and VND on the FX market?

b) Propose suitable monetary policy for the State Bank of Vietnam?

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