Inflation predicted to stay below 4% in 2018: Ministry

The Philippine Statistics Agency(PSA) predicted that the country’s inflation rate in 2014 will be from 3to 5 percent, within the target of the Development and BudgetCoordination Committee (DBCC). According to PSA, the country’sexports in the first eight months of the year fetched 40.74 billionUSD, an increase of 9.2 percent compared to the same period last year.Electronics remains the leading export with 2.27 billion USD inturnover, accounting for 41.6 percent of the nation’s total exportrevenue in August. Japan, China, the US and Singapore are the main export markets of the Philippines.-VNA... [read more]

If the domestic market does not see strong fluctuations in the following three quarters, the 5.3 percent GDP growth target will be within reach, it said.However, the committee warned the national economy is still experiencing numerous difficulties, such as weak production capacity and low consumer demands.Export revenues, which are considered a key factor in boosting economic growth, are predicted to decline in 2013 due to falling prices for Vietnamese exports on the global market.In addition, the credit growth in the past quarter was very low.Over the past ten years, the average inflation rate in the first quarter accounted for 40…... [read more]

The inflation rate for the entire 2010might stand at 8 percent, said Deputy Director of the NationalAssembly’s Economic Committee Vu Viet Ngoan.However, Ngoan affirmed that it is not necessary for the NationalAssembly to adjust its inflation target, which was set at 7 percent forthis year. At his talks with the press on the sidelines of the NA’s seventh meetingin Hanoi on May 21, the NA economic official noted that in amarket economy, the set goals and indexes serve just as forecast.He said theoretically the country is able to “squeeze” the inflationrate down to 6.5-7 percent but this would harm the…... [read more]

Nhan Dan - Vietnam’s annual inflation, as measured by the consumer price index (CPI), eased to 4.31% in August from the 4.94% rate in July, the General Statistics Office (GSO) has reported.Compared with the previous month, consumer prices increased by 0.22%, official data released by the GSO on August 24 showed.Inflation slowed in August as a result of decreases in transport costs, building materials, utility bills and telecommunications as well as slight increases in other commodities in the basket used to calculate the CPI.Building materials and utility bills as a single category posted a one-month drop of 0.31% while transport…... [read more]

Nhan Dan Online – Vietnam’s annualised inflation, as measured by the consumer price index (CPI), rose to 4.72% compared with the 4.45% rate recorded in the previous month, the General Statistics Office (GSO) has announced. Compared with the previous month, consumer prices went up by 0.2%, significantly higher than the slight increase of 0.08% in April, according to a report released by the GSO on May 24. The Vietnamese Government aims to keep inflation below 7% for the whole of 2014. The latest data show that utility and construction materials increased more than any other commodity in May, up 0.43%…... [read more]

In March alone, the rate was 3.5 percent as the Consumer PriceIndex (CPI) increased in the main groups of hotels and restaurants,services, health care and transport. According to AllianceResearch, Malaysia ’s inflation is likely to continue rising untilSeptember this year and CPI will hit its peak at 3.8 percent in August.On April 17, Alliance Research also raised its 2014 inflation forecast to 3.5 percent from the previous 3.2 percent. Meanwhile, the Hong Leong Bank maintained its CPI growth forecast at 3 percent for the whole year.-VNA... [read more]

The Deputy PM was speaking at a conference in Hanoi on December 27 to review the Government’s price management and inflation control in 2017 and orientations for next year. Deputy Prime Minister Vuong Dinh Hue  Hue, who is head of the Government’s Steering Committee on Price Management, asked the Ministry of Finance to closely monitor budget collection and spending, and improve the efficiency of public spending and investment.The State Bank of Vietnam needs to run a tight and flexible monetary policy in line with market developments, he said, adding that the Ministry of Health should consider time for adjusting checkup…... [read more]

Hue, who is head of the Government’s Steering Committee on Price Management, asked the Ministry of Finance to closely monitor budget collection and spending, and improve the efficiency of public spending and investment. The State Bank of Vietnam needs to run a tight and flexible monetary policy in line with market developments, he said, adding that the Ministry of Health should consider time for adjusting checkup and treatment costs for people without health insurance cards in 18 remaining cities and provinces while reducing medicine prices by 10%-15%.He urged the Ministry of Transport to negotiate with investors and banks on BOT…... [read more]

Voicing her opinion at an online discussion on December 20, Pham Minh Huong, Chairwoman of the Board at VNDIRECT Securities Corporation, said the stock market’s 2017 growth was spectacular but not surprising. Her prediction for 2018 was that the finance, energy and manufacturing sectors will experience strong growth, which means they are likely to be recommended to both up-and-coming and experienced investors by financial experts. Huong said that although the banking and finance sector would still face a lot of institutional and bad debt risks, commercial banks, securities and insurance companies have learned their lessons and are well prepared for…... [read more]

Hue also Head of the National Committee on Price Management, said ministries and sectors have successfully managed prices of essential goods while asking the Ministry of Finance to improve the efficiency of public spending and investment.The State Bank of Vietnam (SBV) was urged to apply flexible monetary, and interest rates, credit policies matching market developments, and core inflation increase of 1.6% to 1.8%, while ensuring credit quality to prevent monetary fluctuations.The Deputy Prime Minister asked ministries and sectors to provide the media with accurate information to avoid pressure on the market. According to a report released at the conference, the…... [read more]




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