Government capable of control inflation: press conference
CPI in May was at the highest level in the past six years, but the Government affirmed its capacity of controlling inflation, as heard at a press conference on the monthly cabinet meeting.
Scene at the press conference on the monthly cabinet meeting (Photo: baochinhphu.vn)Hanoi (VNA) – The consumer price index (CPI) in May was at the highest level in the past six years, but the Government affirmed its capacity of controlling inflation, as heard at a press conference on the monthly cabinet meeting.
At the Government meeting that took place in Hanoi on June 2, Prime Minister Nguyen Xuan Phuc ordered not to increase electricity prices. He said adjustments to prices of education and health services should only occur in the proper time and conditions.
He said well monitoring of fiscal and monetary policies is also need to make no pressure for price increases.
The meeting highlighted the need to keep track on building material market, particularly the management of steel prices and ensuring supply to meet demand.
The Government would continue examining BOT projects and completing negotiations with investors and banks, with a priority given to reducing BOT fees.
At the press conference, Deputy Minister of Industry and Trade Do Thang Hai stated under the Government’s direction, the Ministry of Industry and Trade, and the Ministry of Finance will use the petrol stabilisation fund and others to sustain minimum petrol price increases in 2018.
May’s CPI was 0.55 percent higher than that of April due largely to monthly increases in prices of transport services (1.72 percent) and food and catering services (0.88 percent).
Industrial production rose by 9.7 percent during the period. Public investment disbursement was at 28.7 percent of the yearly target, while attracting foreign investment was facing difficulties.
Business climate improvement and administrative reform were yet to be implemented effectively, with a number of agencies showing no drastic response.-VNA
You should also see
Dien Bien soldiers, youth volunteers meet in Hanoi
Nearly 300 soldiers and youth volunteers directly engaging in the Dien Bien Phu campaign 70 years ago looked back on the 56-day battle, the victory of which led to the signing of the Geneva Accords on ending the war and restoring peace in Indochina, at a meeting in Hanoi on April 23.
See more
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Business
Masan completes 250-million-USD investment deal with Bain Capital
Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
