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Prime Minister Pham Minh Chinh has ordered prompt actions be taken to effectively settle the aftermath of Typhoon Yagi, stabilise people's life, and restore production and business activities to reach the unchanged economic growth target of 7%.
Though there were still difficulties in the first months of 2024, positive signs of new orders and consumption have appeared. Local firms in Ninh Binh have strived to overcome difficulties, renew governance methods and improve their products' quality in an attempt to stabilise production and create more job for labourers.
Ninh Binh's consumer price index (CPI) in July increased by 1.95% and 4.58% from the figures in the previous month and the same period last year, respectively. On average, the province's CPI rose by 2.46% in the first seven months of 2022, the highest level since the beginning of the year. Therefore, Ninh Binh needs to have prompt and synchronic measures to minimise the pressure of inflation in the year-end months.
Rising fuel costs along with higher food prices and transport costs during the Lunar New Year break were the main factors driving high inflation. But, unlike previous years, prices have not dropped back to prior levels, remaining inflated instead.
The COVID-19 pandemic has caused severe impacts in many fields. Thanks to its good performance in disbursing public capital investment, Ninh Binh has created an important driving force for its economic growth, infrastructure development and a new appearance for the province after 30 years of re-establishment.
In a bid to prevent a shortage of essential goods or price hikes during the Tet holiday, the Department of Industry and Trade of Ninh Binh province has been carrying out numerous measures to ensure the balance of supply and demand of commodities and stabilise the market.
Local authorities, organisations and individuals from all over the country are actively joining together to support the victims who have been affected by the recent floods and landslides in order to help them to stabilise their lives.
The interest rates on Vietnamese dong credits and deposits slashed by 1.5-2 percent over the previous year, helping remove difficulties for businesses, curb inflation and stabilise the monetary market.
Over the past three years, the National Target Programme (NTP) for 2011-2015 has contributed to boost national socio-economic development, stabilise the economy, ensure social welfare, alleviate hunger and reduce poverty.
