Managing price effectively, reducing pressure on inflation

Managing price effectively, reducing pressure on inflation

VCN - Timely and effective price management helps control the consumer price index (CPI) and inflation in accordance with the set target.
The impact of wage increases on inflation will not be too significant

The impact of wage increases on inflation will not be too significant

VCN - Addressing concerns related to wage and price increases, Dr. Nguyen Duc Do, Vice Director of the Institute of Economics - Finance (Finance Academy), believes there are not many factors causing sudden price surges in the last 6 months of 2024. Theref
Positive economic transformations in four months

Positive economic transformations in four months

VCN - In the context of global difficulties and challenges, Vietnam's socio-economic situation in April continues to undergo quite positive transformations, contributing to improving the overall results of the first four months of the year and setting the
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
Regulating prices and controlling inflation in the "variables"

Regulating prices and controlling inflation in the "variables"

VCN - Unpredictable developments will certainly have a major impact on the price market as well as domestic inflation control in 2024. Therefore, successful results and solutions from 2023 will be a "pedestal" for 2024.
Proposing to have information sharing mechanism in price management

Proposing to have information sharing mechanism in price management

VCN - In the draft Decree detailing and implementing measures for a number of articles of the 2023 Price Law, the Ministry of Finance has proposed many specific tasks for price stabilization as well as market price analysis and forecasting.
Pressure on price level remains, it is necessary to be proactive and flexible in management plans

Pressure on price level remains, it is necessary to be proactive and flexible in management plans

VCN - To carry out the set tasks, the Ministry of Finance said that price management in 2024 needs to ensure good control of inflation, while continuing to removing difficulties for production and business and people's lives.
Dr. Can Van Luc: Don’t worry much about inflation in 2024

Dr. Can Van Luc: Don’t worry much about inflation in 2024

VCN - Dr. Can Van Luc, member of the National Financial-Monetary Policy Advisory Council, has predicted, in 2024, Viet Nam can totally snatch every potential resource to stimulate growth regardless of obstacles because inflation can be well controlled und
Inflation increased by 4.16% in 2023

Inflation increased by 4.16% in 2023

VCN - Vietnam continues to be in the group of countries that control inflation well when on average in 2023, core inflation increases by 4.16% compared to 2022, higher than the general average CPI increase (up 3.25%). The main reason is that the average d
Solutions to " remove the detonator" of inflation in 2024

Solutions to " remove the detonator" of inflation in 2024

VCN - Ms. Nguyen Thu Oanh, Director of the Price Statistics Department, General Statistics Office, assessed that the main factors that could put pressure on inflation in 2024 are globally high input material prices, and Vietnam as a country importing many
Reducing pressure on inflation control and price market in 2024

Reducing pressure on inflation control and price market in 2024

VCN - In 2024, it is forecast that the world and domestic economic situation will continue to face many difficulties and challenges, but inflationary pressure will not be too strong and will still be under control.
Oil prices surges due to political conflict to put pressure on inflation

Oil prices surges due to political conflict to put pressure on inflation

VCN - Currently, the financial market suffers from many impacts from the conflict in the Middle East region, causing the surge in prices of currencies and goods such as USD, gold or oil.
Find a balance for controlling inflation and managing interest rates

Find a balance for controlling inflation and managing interest rates

VCN - To be proactive in management, price regulation and inflation control in the remaining months of the year, flexible monetary policy with appropriate interest rates is an important solution that needs to be implemented.
Many factors help to control inflation

Many factors help to control inflation

VCN - Currently, money supply growth is at a low level. The total means of payment as of June 20, 2023 only increased by 2.53% compared to the end of 2022, lower than the period of the Covid-19 pandemic. Due to weak aggregate demand, low credit demand, ba
Control inflation from flexibility of policy

Control inflation from flexibility of policy

VCN - In the first months of 2023, inflation in many countries remained at a high level, while Vietnam was assessed as not in the group of countries with high inflation and expected to remain the inflation at a low level until the end of 2023.
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