Topaz petrol station

Hanoi (VNA) – The consumer price index (CPI) in May decreased by 0.03 percent against the previous month and 1.24 percent against last December, but increased by 4.39 percent year-on-year, the General Statistics Office (GSO) reported on May 29. The average index for the first five months was up 4.39 percent from that of the same period last year. In the period, basic inflation rose by 2.88 percent year-on-year. According to the GSO, in May, four out of the 11 commodity groups experienced price reductions: transport (2.21 percent); culture, entertainment and tourism (0.02 percent); post and telecommunication services (0.02 percent); and garment, headwear and footwear (0.01 percent). Increases were seen in prices of restaurant and catering service (0.34 percent); beverage and tobacco (0.25 percent); housing and building material (0.25 percent); other commodities and services (0.07 percent); household appliances (0.05 percent); and medicine and medical services (0.04 percent). … [Read more...] about May CPI shows slight reduction due to dropping petrol, power, rice prices

According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Mekong Delta province faces severe water shortage The Mekong Delta province of Long An, which has been hit by severe drought this year, needs more fresh water, but can only supply about 50 percent of demand from its 35 fresh water treatment plants and stations. … [Read more...] about Rural residents in Mekong Delta need access to clean water

Every four hours, authorities sent tanks of water to people, while Thuận Bắc District authorities co-ordinated with investors of Bình Tiên Tourism Site Project to examine and drill wells, as well as treat underground water from the wells to provide local citizens. … [Read more...] about Historic drought in Ninh Thuận

If local stakeholders, whether they be governmental or non-governmental, adopt these methods or press for near-real time reporting from Eyes on Earth or another research institution, then these findings could become commonly held knowledge and used for the betterment of the Mekong at large. … [Read more...] about Chinese dams withhold water, worsen 2019 drought in Mekong Delta: researchers