Saturday, August 18, 2018 5:20:35 AM - Markets open
VN-INDEX 968.88 +4.60/+0.48%
HNX-INDEX 108.02 +0.10/+0.09%
UPCOM-INDEX 51.47 +0.08/+0.16%
PM asks for measures to curb inflation below 4 pct this year
Thanhnien.vn - 6/4/2018 9:15:52 AM
 (0 ratings. You must sign in to rate.)
Prime Minister Nguyen Xuan Phuc directed not increasing electricity prices this year, as one of measures to control inflation below 4 percent as assigned by the National Assembly, during a monthly government meeting in Hanoi on June 2.
 
He also directed adjusting education and health care fees in an appropriate time and managing credit for manufacturing and trade properly. 
 
“It’s not easy to ensure the macro-economy is stable and the inflation rate is below 4 percent when the oil prices in the global market are soaring,” the PM stressed.
 
He warned some localities about being subjective in their management as it could make it hard for the efforts to rein in inflation. 
 
Reviewing socio-economic performance in the first five months of this year, the PM lauded localities for striving to achieve economic growth. 
 
According to him, the Purchasing Managers’ Index (PMI) of Vietnam was up 53.9 point in May, the highest in ASEAN. The total rice production increased by 1.1 million tonnes during the winter-spring crop, fueling rice export and bringing higher income to farmers. 
 
Animal husbandry and aquatic production were growing while new progresses were seen in new rural development. 
 
Industrial production rose by 9.7 percent during the period, with manufacturing and processing up 11 percent. 
 
The total retail and consumer goods revenue hiked 10.1 percent. The total foreign arrivals in Vietnam was estimated at 6.7 million, up 27.6 percent year-on-year. Five-month exports surged 15.8 percent to 93.1 billion USD while trade surplus reached 3.4 billion USD. Foreign direct investment disbursement stood at 6.75 billion USD, marking a nearly 9 percent increase. 
 
There were around 53,000 newly-established enterprises and the total newly-registered capital neared 1.3 quadrillion VND.  
 
However, public investment disbursement was nearly 29 percent of the set target, not only in ministries, agencies but also in the capital city Hanoi and the southern metropolis Ho Chi Minh City, resulting in delayed construction and higher costs. 
 
The PM requested continuing to attract domestic and foreign investment, and further raise industrial production index, especially in manufacturing and processing. 
 
Though agricultural production prospered, cross-border trade in farm produce remains high. Moreover, forest exploitation and illegal logging still occurred in the Central Highlands provinces of Dak Lak, Dak Nong and the northern province of Bac Kan. 
 
Management of lakes, dykes to brace for the rainy season, and traffic safety, especially in railways, remain complicated, he admitted. 
 
In administrative reform, he urged creating a better business environment to achieve the goal of having 1 million businesses by 2020. 
 
Ministries and agencies were asked to review the first-half socio-economic and environment performance so as to fulfill this year’s assigned tasks. 
 
On the occasion, he also assigned government members to make thorough reports in preparation for question-and-answer sessions during the ongoing fifth session of the 14th National Assembly.-VNA
 
Read original article here
Newer News
17/08 Cement exports record strong growth
16/08 Plastic industry fears bankruptcy as scrap import ban bites
15/08 Vietnamese steel sector amidst US-China trade war
15/08 Gov’t approves strategy for bank expansion by 2025
14/08 Rubber industry faces falling export price
14/08 US’s DoC levies anti-subsidy tax on Vietnamese laminated woven sacks
10/08 Pork price gains record high
08/08 US initiates anti-dumping investigation into VN’s cold rolled steel
06/08 Agro-forestry-fishery exports grow 7.8 percent in 7 months
04/08 VN up one place in UN e-government index
Older News
01/06 Aquatic exports rise by 10 percent in five months
31/05 CPI increases 0.55 percent in May
30/05 Tra fish export to US increases despite anti-dumping measures
30/05 Deputy PM: CPI growth could be kept below 4 percent in 2018
29/05 Building materials market maintains stability
29/05 Steel firms urged to ensure material transparency
25/05 Tra fish exports to China continue to thrive
24/05 Paper sector unfolds into domestic market
23/05 Conference highlights CPTPP’s commitments, tips for businesses
22/05 US’ DoC levies import tax on Vietnamese steel
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:14:05 PM
VN-INDEX 968.88 +4.60/+0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.