The Ministry of Industry and Trade (MoIT) will enhance trade promotion programmes and give more support to businesses to increase their competitiveness in the local market in 2018.
Following impressive GDP growth of 6.81 per cent in 2017, the government has released a set of measures and priorities to achieve socio-economic development targets in 2018.
The Ministry of Finance (MoF) has outlined three scenarios for inflation in 2018, with the consumer price index (CPI) in all circumstances staying below 4 per cent, the target set by the National Assembly.
The total revenue from retail sales and services reached VNĐ3.93 quadrillion (US$174.85 billion) in 2017, surging 10.9 per cent year-on-year, according to the General Statistics Office (GSO).
The Government is confident that inflation in 2018 will be kept under control, Deputy Prime Minister Vương Đình Huệ said on Wednesday.
Việt Nam is expected to achieve Gross Domestic Product (GDP) growth of 6.81 per cent this year, surpassing the Government’s target of 6.7 per cent.
Việt Nam’s exports are expected to reach more than US$212 billion for the first time this year, much higher than the $176 billion recorded last year, said Dương Duy Hưng, head of the Ministry of Industry and Trade (MoIT)’s Planning Department.
The average electricity retail price officially increased by 6.08 per cent, from VNĐ1,622 (7.1 US cents) to VNĐ1,720 per kWh (7.6 cents), on December 1 after three years being kept unchanged.
Minister Nguyễn Xuân Phúc underlined the importance of building a resolution on key socio-economic tasks and solutions in 2018 at a cabinet meeting in Hà Nội yesterday.He said there is only a month left in 2017 and the workload is still very heavy.
The consumer price index (CPI) in November rose 0.13 per cent from the previous month and 2.62 per cent year-on-year, according to the General Statistics Office (GSO).