Deputy Prime Minister Le Minh Khai (Photo: VNA) The official, who is also head of the steering committee forprice management, stated that the Government is determined to keep theinflation below 4 percent in 2022.
The target is reachable if the montly CPI growth rate iskept at 0.7 percent in the remaining months of this year. However, the inflationrisk at the end of the year may be big, affecting the growth momentum of 2022,Khai said, stressing the need for flexible price management.
To proactively respond to challenges in price management inthe rest of 2022, ministries, sectors and localities need to stepup the implementation of measures set forth by the Government and the PrimeMinister, and the head of the steering committee for price management.
The State Bank of Vietnam was asked to coordinate with theMinistry of Finance to continue implementing the monetary policy proactivelyand flexibly in close coordination with the fiscal policy and other macroeconomicones in order to control inflation, and continue to curb core inflation in 2022to create a basis for general inflation control.
The Deputy PM also emphasised the importance of being cautiousin increasing tuition fees, and carefully studying the law on prices to manageprices of textbooks in accordance with the actual situation.
Deputy Minister of Finance Vu Thi Mai said that in thecontext of increases in world prices of fuels and strategic materials, theGovernment, the Prime Minister and the head of the steering committee haveissued documents directing the implementation of solutions and measures tostabilise prices and minimise the negative impacts of price increases onsocio-economic development, production and business activities and people’slives.
To date, the prices are still basically under control. The May CPI increased by 0.38 percent month-on-month and 2.86 percent year-on-year. Theindex in the first five months of this year rose by 2.25 percent year-on-year.Basic inflation in the period was up by 1.1 percent compared to the same periodlast year./.
VNA
