Price management, stabilization enhanced

17:21 | 07/01/2015

VGP – The Ministry of Finance (MOF) has issued a directive in a bid to foster price management and stabilization when the lunar New Year festival is coming.

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Accordingly, the departments of finance of provinces and cities are asked to work with local relevant agencies to consult their provincial and municipal People’s Committees on measures to stabilize price with a focus on demand-supply developments to prevent shortages of goods, speculation, hoarding and false information causing price hikes.

They are also required to boost examination over legal compliance in managing prices, taxes and fees in their localities, especially those charged on essential goods and services.

In addition, the departments should coordinate with the departments of transportation to require transportation businesses to publicize appropriate transportation fees in accordance with fuel price fluctuations to curb inappropriate price hikes.

The directive stated that the finance departments should work with relevant agencies to closely monitor businesses’ price registration and declaration, manage price-forming factors, and determine prices for essential goods and those subject to price stabilization programme, as well as enhancing price management over goods priced by the State or purchased from the State budget, national reserves and public goods and services.

Measures are required to control prices of milk for under-six children, prevent smuggling, counterfeit goods and trade fraud, particularly in key regions and those along border lines.

The MOF also asked relevant agencies to enhance market stabilization programs, ensure the practice of thrift and prevent wastefulness, encourage broader public involvement in implementing the programs and better the campaign encouraging Vietnamese to prioritize locally made products.

By Ngoc Van