Inflation to be curbed below 4 percent: Deputy PM
| |
Deputy PM Vuong Dinh Hue speaks at the meeting - Photo: VGP |
According to the Deputy PM, the consumer price index (CPI) for June increased by 0.61 pct over the previous month, mainly attributed to a hike in the price of pork, was not extraordinary.
Moreover, the rise of 0.61 pct is within the forecast by the Steering Committee on Price Management, the Government official noted.
He affirmed that the CPI increase in June was driven by higher prices of pork and transport services, saying that excluding the short-term factor of pork prices, inflation in June was only 0.27 pct, the lowest level in many years.
Average CPI in the January-June period went up by 3.29 pct compared to the same period last year, putting pressure on the target of keeping the average CPI for 2018 below 4 pct as set by the National Assembly. It will be a big challenge for the Government, Hue noted.
However, the Government will take all necessary measures until the end of this year to restrict average inflation to below 4 pct to contribute to macro-economic stability, he affirmed.
At the meeting, the Deputy PM also asked the Ministry of Agriculture and Rural Development to put forth directions for the management of pork prices in the remaining months of the year.
It is also advisable to calculate the supply and demand of food and essential goods for the last six months of this year as about 10 typhoons are forecast to hit Vietnam during this period.
See also

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners
16:23 | 26/05/2023 Society

Mong Cai city imports electricity from China’s Dongxing
10:37 | 25/05/2023 Energy

Seminar discusses orientations for rapid and sustainable national development
07:15 | 22/05/2023 Society

M&A to pick up in property market
07:00 | 19/05/2023 Property

Vietnam seeks ways to ease global minimum tax effects
14:00 | 17/05/2023 Society

Caged fish farming in hydro-power reservoirs helps people earn stable incomes
07:00 | 15/05/2023 Society
See more news

Investment of $304.3 million proposed to upgrade Mekong Delta roads
07:00 | 13/05/2023 Society

Government helps HCMC overcome obstacles
06:00 | 11/05/2023 Province

Hung Yen creates momentum to improve investment environment
07:00 | 09/05/2023 Province

HCM City unlocks resources for development
07:00 | 07/05/2023 Province

Hanoi GRDP up 5.8 percent in Q1
06:00 | 06/05/2023 Metropolis

Việt Nam makes efforts to crack down on IUU fishing
07:00 | 05/05/2023 Society

Industrial parks reach 80 percent occupancy
06:00 | 05/05/2023 Society

President Ho Chi Minh Mausoleum welcomes over 52,000 visitors during three holiday days
08:59 | 03/05/2023 Society

Vietnam among four countries demonstrating gender parity in digital skills: UNICEF
07:00 | 02/05/2023 Society

PM requests more dialogues to listen to labourers’ thoughts, aspirations
09:25 | 01/05/2023 Society

Vietnam, RoK step up trade, locality-to-locality cooperation
08:52 | 31/05/2023 Vietnam and other regions

Việt Nam has major opportunities to engage in global Halal industry Deputy minister
06:00 | 31/05/2023 Industry

Exports to China recover
06:00 | 31/05/2023 Foreign trade

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
16:29 | 30/05/2023 Science - Technology

Việt Nam is RoK's 4th largest rubber supplier
16:12 | 30/05/2023 Foreign trade
Multimedia

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
06:00 | 28/05/2023 Lifestyle

Domestic audiences experience European cinema at film festival
09:05 | 26/05/2023 Lifestyle

Creative and funny guide book for expats to explore Hà Nội
06:00 | 23/05/2023 Lifestyle

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects
10:06 | 25/05/2023 Policy

Specific mechanisms, policies needed to drive HCM City’s growth
06:02 | 20/05/2023 Policy

PM approves National Power Development Plan VIII
14:20 | 17/05/2023 Policy

Chip-based passports can be provided online, sent via post
07:00 | 13/05/2023 Policy

Việt Nam has major opportunities to engage in global Halal industry Deputy minister
06:00 | 31/05/2023 Industry

Cut on automobile registration fees to facilitate auto industry
14:33 | 30/05/2023 Industry

Suitable solutions needed for each sector
06:00 | 30/05/2023 Industry

Fertiliser businesses see profit drop on ailing selling prices and rising costs
15:27 | 26/05/2023 Industry

Vietnam's five-month FDI rises sharply nationwide
13:03 | 29/05/2023 FDI

Binh Phuoc’s potential introduced to Australian partners
10:13 | 26/05/2023 Investment

Da Nang calls for investment in 10 logistics centre projects
14:57 | 23/05/2023 Investment

Vietnam becomes global production centre thanks to boom of foreign investment
07:15 | 20/05/2023 FDI

Dozens of commercial banks cut savings interest rates
09:31 | 30/05/2023 Finance-Banking

Central bank continues to reduce policy interest rates
06:12 | 27/05/2023 Finance-Banking

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report
06:09 | 25/05/2023 Finance-Banking

Central bank eases credit crunch, boosts growth
06:00 | 22/05/2023 Finance-Banking

PM urges stronger wildfire prevention measures amid strong heatwaves
06:00 | 28/05/2023 Environment

Vietnam targets development of green, plastic waste-free tourism
06:00 | 28/05/2023 Environment

Đồng Nai afforestation programme kicks off
06:00 | 27/05/2023 Environment

New task force promotes innovation and financing for plastic waste reduction
14:30 | 26/05/2023 Environment

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
16:29 | 30/05/2023 Science - Technology

Hanoi hosts Vietnam - Asia DX Summit 2023
16:15 | 26/05/2023 Science - Technology

Hanoi Transerco applies technology to improve public bus services
16:06 | 26/05/2023 Science - Technology

Hanoi aims to be national hub of technology transfer, development
15:59 | 26/05/2023 Science - Technology

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners
16:23 | 26/05/2023 Society

Mong Cai city imports electricity from China’s Dongxing
10:37 | 25/05/2023 Energy

Seminar discusses orientations for rapid and sustainable national development
07:15 | 22/05/2023 Society

M&A to pick up in property market
07:00 | 19/05/2023 Property

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award
09:30 | 28/05/2023 Vietnamese Brands

Pfizer Vietnam, VNVC sign MoU to protect public health
09:00 | 26/05/2023 Vietnamese Brands

Vietjet offers 50% discount on SkyBoss Business tickets
08:55 | 26/05/2023 Vietnamese Brands

Positioning Vietnam’s Green National Brand
06:00 | 26/05/2023 Vietnamese Brands

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
06:00 | 28/05/2023 Lifestyle

Vietnam’s broken rice among top 100 most delicious rice dishes in the world
07:06 | 27/05/2023 Culture

Domestic audiences experience European cinema at film festival
09:05 | 26/05/2023 Lifestyle

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target
14:38 | 30/05/2023 Tourism

Da Nang - A destination with the most beautiful mountainous scenery in Asia
09:00 | 24/05/2023 Tourism

Strategic investors’ engagement helps promote Việt Nam’s tourism growth
06:00 | 24/05/2023 Tourism

Various activities at Nha Trang - Khanh Hoa Sea Festival 2023
06:20 | 22/05/2023 Tourism