It will be difficult to curb inflation if unreasonable measures are used to reach a GDP growth rate of 6.7% and low inflation rate of 4% in 2017.
A new decision by Prime Minister Nguyen Xuan Phuc has given more authority to the State-owned Electricity of Vietnam (EVN), the largest supplier of electricity in the country, in deciding power prices.
The plan to have 1,000 MW of wind power by 2025 will depend on the government’s policies and electricity prices.
Keeping average inflation below 4 percent is achievable this year, said Deputy Prime Minister Vuong Dinh Hue during a meeting of the Steering Committee on Price Management last weekend.
Vietnam’s macro economy remained stable in the first six months of 2017 while inflation was curbed so as to reach the national steering committee on price management’s yearly target of 4%.
The consumer price index (CPI) of Ho Chi Minh City in June remained unchanged from the previous month, but rose 3.27% compared to the same period last year, reported the municipal statistics office on June 29.
The consumer price index (CPI) in the first half of 2017 rose 4.15 percent compared to the same period last year, head of the Price Statistics Department under the General Statistics Office Vu Thi Thu Thuy reported at a press conference in Hanoi on June 29.
People, particularly those working in informal sectors and housewives, are afraid of a possible surge in the prices of goods as soon as the basic salary for civil servants and public employees increases next month.
The price of RON 92 declined by VND862 per litre to VND16,504 (US$0.72) from 3:00pm on June 20 as decided by the Ministry of Industry and Trade and the Ministry of Finance.
Market research firm MarketIntello has forecast that Vietnam’s inflation may fall to below 3%, lower than the rate of 3.8% it predicted last month.
The 2017-18 coffee crop is expected to yield around 1.4 million, which is equal to or slightly lower than last year’s harvest, according to the Vietnam Coffee and Cocoa Association.
Consumer price index (CPI) in May dropped by 0.53% from the previous month mostly due to a sharp fall in food prices, the General Statistics Office (GSO) said on May 29.
The price of black pepper in the Central Highlands provinces has continued to plummet, hitting VND80,000 – 82,000 per kg, a low record in the last seven years.
VOV.VN - Iconic brand Lock & Lock known for its innovative and airtight food containers held a grand opening to introduce its newest product line – P&Q (Price and Quality) – on May 19 at its store in Ho Chi Minh City, VnExpress has reported.
British Emmy Award-winning composer and pianist Michael Price will travel to HCM City and share his experiences as part of a project launched by several city organisations.
British composer Michael Price who won an Emmy award in 2014 will visit Vietnam for the first time to give lectures on music composition for film at Salon Saigon in District 3, HCM City from May 8 to 12.
VOV.VN -Emmy award-winning composer and pianist Michael Price in collaboration with the British Council have announced they are looking for 15 Vietnamese students to participate in a music workshop in Ho Chi Minh City this coming May 8-12.
A plan of Ho Chi Minh City to treble the number of buses running on compressed natural gas (CNG) by the end of 2017 might be in jeopardy as the CNG price has increased this year and is forecast to edge up further in the coming years.
More than 92 percent of Vietnam’s rice exports in the first three months of the year was under trade deals of businesses, according to the latest report of the Vietnam Food Association (VFA).
Vietnam has climbed eight levels to 67th in rankings of competitive tourism destinations and also found its way into the Top 4 countries with the most-improved scores during the last two years in many categories, according to the Travel and Tourism Competitiveness Report 2017.