Business

Price management greatly contributes to inflation control: Deputy PM

Inflation has so far been controlled in line with the set target, and the macro-economic situation stabilised with major balances of the economy ensured, Deputy Prime Minister Le Minh Khai said at the year-end meeting of the Price Management Steering Committee on December 28.
Price management greatly contributes to inflation control: Deputy PM ảnh 1Deputy Prime Minister Le Minh Khai addresses the meeting (Photo: VNA)
Hanoi (VNA) – Inflation has so far beencontrolled in line with the set target, and the macro-economic situation stabilised with major balances of the economy ensured, Deputy PrimeMinister Le Minh Khai said at the year-end meeting of the Price ManagementSteering Committee on December 28.

The official called this a great success,attributing it to the effective price management solutions.

He said that one of the important factors contributing tothe completion of price management goal is the close coordination between theMinistry of Finance and other ministries through the Price Management SteeringCommittee, with helpful advice provided to the Government in major policies andorientations in price management in particular periods.

Right from the beginning of the year, various macro-economic measures were rolled out, including those to ensure the supply of necessities and inputmaterials for production, along with effective petrol price management and theadjustments of tax policies to ease price pressure, he said.

Price management greatly contributes to inflation control: Deputy PM ảnh 2An overview of the meeting (Photo: VNA)
Deputy PM Khai noted that in the first 11 months of 2022, thecountry’s average consumer price index (CPI) rose 3.02% year on year, while the CPI in the whole year is estimate to rise 3.1-3.2% over2021, which is within the range set by the National Assembly.

At the same time, he also pointed to a number of shortcomings in pricemanagement activities in 2022, including the overlapping among legalregulations and the Price Law, a lack of management tools to settle arisingissues, and ineffective price analysis and forecast in some cases./.
VNA
#Inflation #Deputy Prime Minister Le Minh Khai #Price Management Steering Committee #CPI #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

See more

Prime Minister Pham Minh Chinh speaks at the meeting between standing Government members and representatives of ministries, agencies and Phu Tho province (Photo: VNA)

PM orders new Lo river bridge to meet emerging development needs

Stressing both immediate and long-term imperatives, Prime Minister Pham Minh Chinh directed that authorities pursue a dual-track approach: repairing the existing bridge to ensure safety while simultaneously investing in a new structure capable of opening up new socio-economic development space and safeguarding national defence and security.

Online event promotes Vietnamese products in Canada (Photo: VNA)

Online programme promotes Vietnamese products in Canada

Vietnam’s exports to Canada have doubled over the past five years to more than 13 billion USD, reflecting strong cooperation potential, especially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) continues to take effect.

Vehicles transporting import and export goods at Mong Cai international border gate. (Photo: VNA)

Mong Cai smart border gate to open new era for cross-border trade

The smart border gate will be based on Industry 4.0 technologies, with cross-border data connectivity serving as its core. Beyond modernising a single customs checkpoint, the project aims to create a regional-scale “digital gateway” facilitating more efficient trade flows.

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao. (Photo: VNA)

Spring Fair 2026: Trade fairs boost Vietnam–Italy trade connectivity

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao said the bilateral relations are developing positively, providing a solid foundation for economic and trade ties. The Italian Government, financial institutions and business community regard Vietnam as a key market in Southeast Asia.

The booth of the Vietnam Trade Office at a trade fair in Morocco. (Photo published VNA)

Spring Fair 2026: opportunities for trade between Vietnam and Morocco

Tran Le Dung, Head of the Vietnam Trade Office in Morocco, said Morocco has accumulated extensive experience in hosting large-scale agricultural trade fairs and exhibitions. Flagship events include the annual International Agricultural Exhibition in Morocco (SIAM), alongside specialised shows covering food and beverages, textiles, handicrafts and logistics.

Prime Minister Pham Minh Chinh delivers closing remarks at the Spring Fair 2026. Photo: VNA

Prime Minister attends Spring Fair 2026 closing ceremony

After 12 vibrant and colourful days, the first Glorious Spring Fair 2026 vividly portrayed the vitality of the nation’s economic and consumer activities at the beginning of the new year, leaving a strong impression on the public and business community.

Vu Thi Thuy, Deputy Consul General and Head of the Vietnam Trade Office in Hong Kong Special Administrative Region (China). (Photo: VNA)

Hong Kong experience offers insights for Vietnam–Hong Kong trade cooperation

At this year’s Spring Fair, the Vietnam Trade Office in Hong Kong facilitated the participation of several Hong Kong enterprises in Vietnam to conduct market surveys, seek import sources and showcase their products. Notably, a company under the Hong Kong Productivity Council presented technological solutions for smart homes and smart manufacturing at the event.

People shop for Tet at a supermarket. (Photo: VNA)

Vietnamese goods dominate Tet market in Mekong Delta

In key retail hubs such as Can Tho, Long Xuyen and My Tho, high-quality Vietnamese goods account for 85–90% of Tet market share. Surveys at major supermarket chains and traditional markets show that consumers this year are prioritising locally-processed foods, confectionery and beverages.

Prime Minister Pham Minh Chinh strikes the gong to inaugurate the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

Int’l Financial Centre – A catalyst for Vietnam’s economic breakthrough: Deputy PM

Standing Deputy Prime Minister Nguyen Hoa Binh, who chairs the IFC’s Governing Council, said that the establishment of the centre in Ho Chi Minh City and Da Nang represented the initial realisation of a major task set out in the Resolution of the 13th National Party Congress. While characterising the launch as an early milestone rather than a final achievement, he underscored that it reflected meticulous, methodical and determined preparations at multiple levels of government.