Deputy Prime Minister Nguyen Sinh Hung has urged ministries and agencies to take drastic measures to rein this year’s consumer price index at between 8.2 per cent and 8.3 per cent.
Speaking at the meeting on pricing management and inflation control October 3, Hung said Vietnam would strive to curb CPI rise at 0.3 per cent in October, the same rate in November and 0.4 per cent in December.
The inflation rate for the whole year must be lower the economic growth, he stressed.
Vietnam will use various measures to harness inflation, and issuing bonds will be a priority.
Money is flowing into the country’s commodity and real estate market. Therefore, Vietnam will continue to implement the roadmap of IPOs and listing to attract the money flows into the stock market.
The government official also urged to stabilize prices of key products and services such as electricity, oil, gas, cement, steel, fertilizer and paper, while reducing prices of fresh water, postal and telecom and transport services.
In the first nine months, CPI rose 7.32 per cent from last December, of which prices of foods surged 12.18 per cent, housing and construction materials 9.66 per cent, and other goods below 6 per cent.
Despite import tariffs cut, prices of some key commodities have not been reduced, such as milk, meat, feeds and automobiles.
Vietnam has set GDP growth at 8.5 per cent this year. (VNA, Vietnam Financial Times)
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