Deputy Prime Minister Vuong Dinh Hue has asked that electricity prices, which affect many sectors, be adjusted at appropriate points of time next year so as to keep inflation in 2019 at under 4 percent.
More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.
The outcomes of confidence votes prompt the government to work better and raise the sense of responsibility towards the people and the National Assembly, Prime Minister Nguyen Xuan Phuc said.
Experts have judged that the national export goal and trade deficit rate next year set by the Government was feasible.
Hanoi’s consumer price index (CPI) in October increased 0.24 percent month-on-month and 4.09 percent year on year as transport costs rose 1.42 percent due to the petrol price hikes, according to the Hanoi Statistics Department.
Ten of the 11 goods categories have seen price increases in October, raising the consumer price index (CPI) by 0.33 percent from the previous month.
Ho Chi Minh City’s consumer price index went up 0.64 percent month-on-month and 3.42 percent year-on-year in October, announced the municipal Statistical Office on October 30.
Ten of the 11 goods categories have seen price increases in October, raising the consumer price index (CPI) by 0.33 percent from the previous month, according to the General Statistics Office (GSO).
Prime Minister Nguyen Xuan Phuc on October 22 highlighted the improvements in all aspects of Vietnam since 2016 while reporting on the country’s socio-economic situation this year and the development plan for 2019 to the National Assembly (NA) during its ongoing 6th session.
The Monetary Authority of Singapore (MAS) on October 12 decided to tighten its monetary policy for the second time this year, forecasting the economy to expand steadily and core inflation to rise.
Vietnam’s socio-economic situation has improved, with good results in all fields, Deputy Prime Minister Vuong Dinh Hue said.
Positive signs have been seen in the three areas of agriculture, industry, and service so far this year, while inflation was also controlled to under 4 percent as targeted.
Positive outcomes have been recorded in all economic spheres over the last nine months with the most remarkable being the highest nine-month GDP growth rate since 2011, according to Prime Minister Nguyen Xuan Phuc.
Hanoi's consumer price index (CPI) in September increased 1.08 percent against the previous month, and 5.16 percent over the same period last year, the municipal Statistics Office announced.
Despite complicated changes in the world situation, Vietnam has shown strong performance in stabilizing prices and reining in inflation, keeping the average at only 3.57 percent in the first nine months over 2017.
The average consumer price index (CPI) in the nine months of 2018 rose by 3.57 percent year on year, compared to the 4.14-percent growth in the same period last year, according to the General Statistics Office (GSO).
Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
The Mekong Delta city of Can Tho earned more than 10.5 trillion VND (451.5 million USD) in retail and service revenue in August, up 15 percent year on year, according to the city’s Statistics Office.
