Gasoline price increase of 10% causes GDP to decrease by 0.5%, CPI to increase by 0.36%

Gasoline price increase of 10% causes GDP to decrease by 0.5%, CPI to increase by 0.36%

The domestic gasoline price is adjusted to increase for the 4th consecutive time which is inevitable when the rise of the world petroleum market directly affects the retail price of gasoline in the country.
Edit the Law on prices: Legalise price analysis and forecasting

Edit the Law on prices: Legalise price analysis and forecasting

The Ministry of Finance (MOF) proposed to amend the law on prices to create a specific legal corridor for the synthesis, analysis and forecast of the price
Continuing to manage prices, supporting the implementation of "dual goals"

Continuing to manage prices, supporting the implementation of "dual goals"

Deputy Prime Minister Le Minh Khai has just commented on the direction of managing prices in the remaining months of 2021.
Controlling inflation in 2021: Facing many unfavourable factors

Controlling inflation in 2021: Facing many unfavourable factors

In 2021, Vietnam sets a target to control inflation below 4%, but there are still many unfavourable factors to achieve it.
"Drawing" both difficulties and advantages to have the suitable price management scenario

"Drawing" both difficulties and advantages to have the suitable price management scenario

According to Director of Price Management Department, experience from successfully controlling inflation for five consecutive years will be a premise for Vietnam to continue to control inflation in 2021 and beyond
Control inflation on average below 4%

Control inflation on average below 4%

VCN- This fluctuation is expected to continue in the last six months. Reporting to the PM at the Price Steering Committee meeting in early July 2020, Deputy Minister of Finance Tran Xuan Ha said the market price is still under great pressure.
Pressure mounts to control inflation in 2020

Pressure mounts to control inflation in 2020

Managing prices and inflation would be more complex and difficult this year
Preventing “taking advantage” when petrol price increases

Preventing “taking advantage” when petrol price increases

Mr. Ngo Tri Long - former of Director of Institute of Market Price Research (Ministry of Finance) talked about the effect of increasing petrol price on market price and CPI in 2018
PM affirms resolve to control inflation amid big pressure on CPI

PM affirms resolve to control inflation amid big pressure on CPI

Prime Minister Nguyen Xuan Phuc has reiterated the Government’s resolve to control inflation, noting that although the consumer price index (CPI) in July fell slightly from the previous month, the pressure for inflation hike remains considerable.
Many factors for reducing price pressure in the last 6 months of 2018

Many factors for reducing price pressure in the last 6 months of 2018

In the last 5 months of 2018, although there is still pressure on price which comes from market factors, there are many factors that could reduce pressure on the general price level.
Increase of petroleum price does not affect inflation control

Increase of petroleum price does not affect inflation control

VCN- The inflation control target of less than 4% this year is feasible.
Flexible price management needed to control inflation

Flexible price management needed to control inflation

Economic experts has argued that keeping inflation rate in check is a feasible target for this year, however, there are some risks requiring flexible price control management
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