Government capable of control inflation: press conference
CPI in May was at the highest level in the past six years, but the Government affirmed its capacity of controlling inflation, as heard at a press conference on the monthly cabinet meeting.
Scene at the press conference on the monthly cabinet meeting (Photo: baochinhphu.vn)
Hanoi (VNA) – The consumer price index (CPI) in May wasat the highest level in the past six years, but the Government affirmed itscapacity of controlling inflation, as heard at a press conference on themonthly cabinet meeting.
At the Government meeting that took place in Hanoi on June2, Prime Minister Nguyen Xuan Phuc ordered not to increase electricity prices.He said adjustments to prices of education and health services should onlyoccur in the proper time and conditions.
He said well monitoring of fiscal and monetary policies isalso need to make no pressure for price increases.
The meeting highlighted the need to keep track on buildingmaterial market, particularly the management of steel prices and ensuringsupply to meet demand.
The Government would continue examining BOT projects andcompleting negotiations with investors and banks, with a priority given toreducing BOT fees.
At the press conference, Deputy Minister of Industry andTrade Do Thang Hai stated under the Government’s direction, the Ministry ofIndustry and Trade, and the Ministry of Finance will use the petrol stabilisationfund and others to sustain minimum petrol price increases in 2018.
May’s CPI was 0.55 percent higher than that of April duelargely to monthly increases in prices of transport services (1.72 percent) andfood and catering services (0.88 percent).
Industrial production rose by 9.7 percent during the period.Public investment disbursement was at 28.7 percent of the yearly target, whileattracting foreign investment was facing difficulties.
Business climate improvement and administrative reform wereyet to be implemented effectively, with a number of agencies showing no drasticresponse.-VNA
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Scene at the press conference on the monthly cabinet meeting (Photo: baochinhphu.vn) 
