Deputy Prime Minister Vuong Dinh Hue has asked for more efforts to keep core inflation at between 1.6-1.8 percent in the remaining months of 2018 (Photo: www.baogiaothong.vn)Hanoi (VNA) - Deputy Prime Minister Vuong Dinh Hue, whois also head of the National Steering Committee on Price Management, has askedfor more efforts to keep core inflation at between 1.6-1.8 percent in theremaining months of 2018.
Core inflation is the CPI exclusive of fresh food, energy and State-run healthand education services.
Under a recent guidance of the Deputy Prime Minister, the State Bank of Vietnam(SBV) was requested to manage monetary and fiscal policies to ensure inflationcontrol targets.
The central bank needs to control currency supply and balance foreign currencysources from foreign investment, while controlling the total credit in terms ofboth structure and quality.
It was also urged to take measures to stablise exchange and interest rates.
The Ministry of Industry and Trade (MoIT) will work with the Ministry ofFinance to manage domestic petroleum prices via the reasonable use of the pricestabilisation fund, thus stablising the price of the commodity.
The MoIT will be responsible for managing power price in line with the pricemanagement scenario in 2018.
It is forecast that the next nine months, price increase pressure will comemainly from market-related factors such as the price recovery of petroleum and keymaterials in the world market, and the implementation of market price roadmap forpublic services such as health care, education and those using State budget.-VNA
Core inflation is the CPI exclusive of fresh food, energy and State-run healthand education services.
Under a recent guidance of the Deputy Prime Minister, the State Bank of Vietnam(SBV) was requested to manage monetary and fiscal policies to ensure inflationcontrol targets.
The central bank needs to control currency supply and balance foreign currencysources from foreign investment, while controlling the total credit in terms ofboth structure and quality.
It was also urged to take measures to stablise exchange and interest rates.
The Ministry of Industry and Trade (MoIT) will work with the Ministry ofFinance to manage domestic petroleum prices via the reasonable use of the pricestabilisation fund, thus stablising the price of the commodity.
The MoIT will be responsible for managing power price in line with the pricemanagement scenario in 2018.
It is forecast that the next nine months, price increase pressure will comemainly from market-related factors such as the price recovery of petroleum and keymaterials in the world market, and the implementation of market price roadmap forpublic services such as health care, education and those using State budget.-VNA
VNA
