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 several unsuccessful attempts to raise pigs, buffaloes and cows, Nguyen Hong Minh who resides in Mui hamlet, Hoa Binh city’s Doc Lap commune decided to try breeding bamboo rat.
Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.
Following the successes achieved in 2023, the local agricultural and rural development sector, localities and cooperatives are gearing up for first orders of the year, as part of their efforts to boost agricultural exports.
Most workers at enterprises in the northern province of Hoa Binh have turned to work just one week after the Tet (Lunar New Year) holiday.
The Hoa Binh Power Corporation (PC Hoa Binh) has directed its units to build plans as well as arrange resources to ensure stable electricity for local winter-spring crop production.
On February 28, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with Minh Trung Vietnam Group joint Stock Company, Hoa Binh branch in Luong Son industrial park, Luong Son district organized a ceremony to export Bat Bao lotus porridge to the Japanese.