Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025

Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025

VCN - Minister of Finance Nguyen Van Thang has just signed and issued Directive No. 05/CT-BTC on strengthening the price management, operation and stabilization during the Lunar New Year 2025.
Proposal extending 50% green tax cut for fuel products in 2025

Proposal extending 50% green tax cut for fuel products in 2025

VCN - The Ministry of Finance has just proposed extending 50% green tax cut in 2025 for gasoline (except ethanol), oil, and grease; reducing about 70% on jet fuel and 40% on kerosene. According to calculations, the total state budget will decrease by abou
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3
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.
There should soon be more mechanisms to control land speculation by imposing taxes

There should soon be more mechanisms to control land speculation by imposing taxes

VCN - The sudden high auction price of land can create a trend of land speculation. In order for land auctions to be transparent and increase revenue for the budget, the State needs to soon have more mechanisms to control speculative activities by imposin
Promptly disseminate policies and enhance effectiveness of state management of prices

Promptly disseminate policies and enhance effectiveness of state management of prices

VCN - The Deputy Minister said that this is a key Law, creating a unified legal framework for the development of a socialist-oriented market economy in accordance with the policies of the Party and the State.
Reducing pressure from prices of items managed by the State

Reducing pressure from prices of items managed by the State

VCN – Facing potential inflation pressure, the Government has repeatedly requested ministries and agencies to consider and prepare plans and roadmaps to adjust price of goods and services managed by the State.
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
Ensure stability and prevent fluctuation in price levels

Ensure stability and prevent fluctuation in price levels

VCN - On June 22, Prime Minister Pham Minh Chinh signed and issued Official Telegram No. 61/CD-TTg sending to Ministers, Heads of ministerial-level agencies, and agencies under the Government; Chairman of People's Committees of provinces and centrally run
Pangasius exports are forecasted to bounce back at the end of the year

Pangasius exports are forecasted to bounce back at the end of the year

VCN - It is forecasted that pangasius exports is forecasted to be better from the third and fourth quarters of 2024, leading to the uptrend being adjusted to increase by at least about 10% compared to the current price.
Production ensures export of 7.4 million tons of rice this year

Production ensures export of 7.4 million tons of rice this year

VCN - By the end of the first quarter of 2024, rice exports continued to increase by 17.6% in volume and 45.5% in turnover compared to the first quarter of 2023, reaching over 2.18 million tons, equivalent to nearly US$ 1.43 billion, average price US$ 653
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
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.
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.
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
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