Addressing a recent government meeting on price management, he stressed on the need for tighter coordination between fiscal and monetary policies amid global economic uncertainty.
Consumer prices in the first 10 months this year rose by 3.27 per cent year on year (YoY), with most monthly increases staying below 0.2 per cent, according to the Ministry of Finance.
Domestic supply was stable and continued to meet consumer and business demand, while total retail sales and service revenue reached VND 5.77 quadrillion (~$222 billion)—up by 9.3 per cent YoY, reflecting an improvement in purchasing power.
The ministry said inflation had stayed within the target approved by the National Assembly and the government, despite adjustments in state-regulated prices, according to domestic media outlets.
The Deputy Prime Minister said ministries must avoid complacency despite recent price stability, calling on agencies to prioritise the 3.3-per cent target, monitor global risks and prevent domestic shortages or sudden price spikes, especially ahead of the Lunar New Year.
ALCHEMPro News Desk (DS)
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