Deputy PM Vuong Dinh Hue urges careful action to avoid an inflation hike  at ameeting of the Government’s Steering Committee on Price Management, July 3, 2019. (Photo: VGP/Thanh Chung)

The Committee said at Wednesday’s meeting that an abundant rice supply, stable construction material and telecom and post service markets, plus stable interest and foreign exchange rates are expected to offset the fluctuating oil prices, an increase of education and healthcare fees, state employees’ rising salary and potentially unfavorable weather.

Deputy Prime Minister Vuong Dinh Hue said that any increase in the prices of state-controlled commodities should be taken into careful consideration to avoid an inflation hike. Vietnam targets a rate of inflation of about 4% this year.