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
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
