CPI increases at 0.14% in April
VGP – Việt Nam’s CPI in April increased at 0.14% as compared to the previous month, the lowest rate achieved since March 2009.
This successful achievement is attributed to major efforts made
by the Government, ministries and localities in fighting back inflation while
maintaining a 6.5% GDP growth rate in 2010.
The steel price has reduced by VND 500,000 per tons as
compared to early April – Illustration photo
VN at inflation pitfall
Only few months back, the inflation fever had menaced the
whole society.
Many made-up rumors about price hikes of food, consumer
goods, electricity, oil and gas were spreading nationwide, causing exhausting stress
to many households, families and even the Government.
Not to mention, prices were escalated by retailer
enterprises and wholesalers themselves as the trade gap must be widen due to the
global increase in price of many materials such as steel, oil and gas.
How
does the Government resolve?
In order to bolster the public confidence, the Government quickly
adopted Resolution 18/NQ-CP on six measures to ensure macro-economic
stability, curb inflation and maintain a 6.5% GDP growth in 2010.
The Government has directed its ministries to control sensitive
products, stop price hike, reduce trade deficit and renew the balance of payment.
At the same time, it has paid more attention to stabilizing
prices of electricity, oil and gas by distributing aid funds to enterprises.
The State Bank has also served as an economic spirit to
lower interest rate while offering attractive loans to wake-up domestic
production.
Not to mention, localities have actively joined in strictly
managing their local markets, issuing new aid funds and policies to keep
businesses running.
