Deputy Prime Minister Vuong Dinh Hue has urged the Government’s Steering Committee for Price Management to seek measures in order to minimize external impacts on domestic prices, thus keeping CPI growth below 4 percent in 2018.
Deputy PM Vuong Dinh Hue speaks at the working session (Source: VNA).
Speaking at a meeting of the committee in Hanoi on May 29,
Deputy PM Hue, who is also head of the committee, said the consumer price index
(CPI) growth in the first four month of this year was in line with the scenario
set by the committee thanks to coordination in price management between
ministries.
However, he said, over the past two months, higher prices of
oil, gas, pork and food, plus complex developments in the world’s market have
put huge pressure on the price management work.
Nguyen Anh Tuan, Director of the Finance Ministry’s Price
Management Department, the CPI expanded by 3.01 percent in the first five
months of 2018.
The ministry forecast that such factors as floods, the
adjustment of prices of health care and education services, along with an
increase in the basic salary and environmental tax on fuels would put more
pressure on the CPI.
However, the pressure would be eased thanks to the stable
demand for fresh food in the summer, a decrease of 10-15 percent in medicine
prices under the centralised bidding programme for drugs, and stable interest
rates, among others.
Deputy Minister of Industry and Trade Do Thang Hai said his
ministry has instructed the Electricity of Vietnam (EVN) Group to save
production costs so as to maintain the current power retail prices, while
closely coordinating with the Ministry of Finance to effectively and
harmoniously use the oil and gas stabilisation fund.
Deputy Minister of Transport Le Dinh Tho said
Build-Operate-Transfer (BOT) toll stations have basically adjusted road fees in
line with the government’s instructions and stabilised prices of seaport and
airport services.
Concluding the working session, Deputy PM Hue stressed that
it is possible to control the CPI growth below 4 percent in 2018.
He asked the ministries to maintain prices of goods managed
by the State and continue with the review work to accelerate the decrease of
prices of such products as drugs and medical materials.
The Ministry of Agriculture and Rural Development and other
relevant ministries were asked to maintain rice export structure, control the
number of pig farms and actively negotiate with China to ship more Vietnamese
fruits to the country.
The Deputy PM also urged the Health Ministry to push the
centralised bidding of drugs and the bidding of medical equipment, while
promptly issuing a circular to replace Circular No. 37. The new circular should
come into force from July 15, 2018, stipulating the decreased of 80 types of
medical services.-
Source: VNA
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
