There are many tools and the necessary space to control inflation below 4% this year, said Deputy Prime Minister Vuong Dinh Hue at the meeting of the Government's Steering Committee on Price Management held in Hanoi on July 10.
Deputy
PM Vuong Dinh Hue speaks at the meeting (photo: VGP)
According to
the Deputy PM, the consumer price index (CPI) for June increased by 0.61% over
the previous month, mainly attributed to a hike in the price of pork, was not
extraordinary.
Moreover, the rise of 0.61% is within the forecast by the
Steering Committee on Price Management, the Government official noted.
He affirmed that the CPI increase in June was driven by
higher prices of pork and transport services, saying that excluding the
short-term factor of pork prices, inflation in June was only 0.27%, the lowest
level in many years.
Average CPI in the January-June period went up by 3.29%
compared to the same period last year, putting pressure on the target of
keeping the average CPI for 2018 below 4% as set by the National Assembly. It
will be a big challenge for the Government, Hue noted.
However, the Government will take all necessary measures
until the end of this year to restrict average inflation to below 4% to
contribute to macro-economic stability, he affirmed.
At the meeting, the Deputy PM also asked the Ministry of
Agriculture and Rural Development to put forth directions for the management of
pork prices in the remaining months of the year.
It is also advisable to calculate the supply and demand
of food and essential goods for the last six months of this year as about 10
typhoons are forecast to hit Vietnam
during this period.
Source: NDO
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.
