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
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
