VOV.VN - Vietnam remains self-sufficient in terms of food, which accounts for 40% of the basket of goods, meaning inflation pressure is not as high as faced by other countries, according to Finance Minister Ho Duc Phoc.

The National Assembly (NA) Standing Committee on March 23 passed the resolution on environmental protection tax rates on petroleum, oil and lubricants, which will take effect from April 1 till December 31, 2022.

The Ministry of Finance's Department of Price Management (DPM) has proposed several solutions to curb the rising tendency of inflation after the Lunar New Year (Tet) holiday.

The Ministry of Finance (MoF)'s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted, said director of the department Nguyen Anh Tuan.

The COVID-19 pandemic has impacted economies and commodity markets globally, including Vietnam, and domestic prices will continue to fluctuate and be more closely linked to the fluctuations of raw material and fuel prices on the world market.

VOV.VN - Despite suffering a slowdown in production and business activities as a result of the impact caused by the novel coronavirus (COVID-19) pandemic, the Vietnamese economy enjoyed positive annual growth of 2.91% in 2020, according to economic experts.

VOV.VN - Vietnam is likely to meet its target of reining in inflation at a rate of below 4% in 2021, although experts warn that unfavourable factors could impact market fluctuations.