Government to keep close eye on cost of key products
The finance ministry said it would continue to tighten price management over key products such as electricity, coal, petrol and public services in the last months of the year.
The finance ministry said it would continue to tighten price management over key products such as electricity, coal, petrol and public services in the last months of the year to ensure market stability.
This is one of the key tasks to be taken by the ministry during the last quarter of the year, said Deputy Minister Vu Thi Mai at a press briefing held on October 2 to review the implementation of financial tasks and the State budget in the past three quarters.
Regarding the State budget, the ministry reported that budget collection in the past nine months reached 683 trillion VND (30.3 billion USD), a year-on-year increase of seven percent.
Of which, nearly 51.8 trillion VND (2.3 billion USD) was collected from crude oil, down 34.8 percent year-on-year.
Collection from import and export activities reached 123 trillion VND (5.4 billion USD) during the nine-month period.
♐ During the period, the country's total State budget spending was estimated at nearly 824 trillion VND (36.6 billion USD), equivalent to 72 percent of the estimates and posting a 7.8 percent year-on-year rise.-VNA
Coal and power prices would not go up in the first quarter of 2011, said the head of the Ministry of Finance (MoF) Price Management Department, Nguyen Tien Thoa.
The supply of consumer goods in Hanoi during the traditional Tet holiday is forecast to increase by 20-25 percent to meet consumers’ high demand, said Tran Thi Phuong Lan, Vice Director of the municipal Department of Industry and Trade.
The year's target of a 5 percent increase in the consumer price index (CPI) is feasible amid encouraging results for inflation and price controls in the first six months of 2015, Nhan Dan (People) online newspaper reported, adding that the CPI and inflation control should create momentum for GDP growth.
The SBV’s recent adjustment of the VND/USD trading band up by 1 percent is a timely and sound response to the currency market’s movement amid the Chinese yuan's sharp weakening gainst the US dollar.
Prices of essential goods continued their downward trend this month, including those of petrol, oil and gas, according to the Ministry of Finance's Price Management Department.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Illustrative image (Photo: VNA)
