Home Commodities

Ministry takes measures to stabilise prices of key commodities

Apr 4th at 22:50
04-04-2013 22:50:06+07:00

Ministry takes measures to stabilise prices of key commodities

The Ministry of Finance has issued Directive No 3847/BTC-QG asking relevant municipal and provincial departments to enhance price management and stabilisation.

The move came as part of efforts to prevent dealers from pushing up the prices of essential commodities improperly on the back of rising retail petrol prices, which rose by VND1,430 (US$0.07) to VND24,580 ($1.18) per litre from March 28.

Relevant agencies were requested to constantly monitor prices of key commodities like food, foodstuff, medicine, milk and gas, as well as transport services.

At the same time, they must keep a close eye on price registration and declaration, clamp down on price hike registrations which are not directly affected by the fuel cost adjustment, and supervise the prices of products and services decided by the State. Those engaged in production with intensive use of petroleum and oil are also encouraged to innovate technology and apply fuel-saving solutions to help increase output and lower prices

vietnamnews

MOST READ

NEWS SAME CATEGORY

Price of fuel drops again
COMMODITIES Apr 3rd at 22:54

Price of fuel drops again

The government has announced a reduction in the fuel price six times over the past three months in line with market mechanisms, with the last announcement issued...

Rubber demand likely to rise
COMMODITIES Apr 3rd at 13:14

Rubber demand likely to rise

Demand for natural rubber is expected to increase, Tran Thi Thuy Hoa, General-Secretary of the Viet Nam Rubber Association (VRA), said.

Building materials sales tumble in first quarter
COMMODITIES Apr 2nd at 13:13

Building materials sales tumble in first quarter

The consumption of building materials in the first quarter of this year decreased by 20-30 percent over the same period last year.

Cooking with gas becomes even cheaper
COMMODITIES Apr 2nd at 13:11

Cooking with gas becomes even cheaper

Domestic gas retail prices continued to drop sharply following a fall in the world market.

State Bank’s gold unsalable
COMMODITIES Apr 1st at 22:51

State Bank’s gold unsalable

Contrary to all predictions, the State could not sell gold at the auction held on March 28, 2013. It was because the gold became too expensive after going through...

Few takers for high-grade rice
COMMODITIES Apr 1st at 22:43

Few takers for high-grade rice

Farmers in the Mekong Delta complain there is not much demand for their high-quality winter-spring paddy this year.

Fuel price hike drives stocks down
COMMODITIES Mar 30th at 23:06

Fuel price hike drives stocks down

The unexpected news of a fuel price hike late on Thursday weighed on the stock markets yesterday as investors sold off in the morning session, but HCM City stocks...

Gold fails to lure buyers at first auction
COMMODITIES Mar 29th at 13:15

Gold fails to lure buyers at first auction

The gold auction yesterday drew only two buyers - Asia Commercial Bank (ACB) and Phu Quy Gold Investment – who purchased a total of 2,000 taels (2,400 ounces).

Sugar firms get go-ahead to export surplus inventory
COMMODITIES Mar 28th at 13:15

Sugar firms get go-ahead to export surplus inventory

The Ministry of Industry and Trade on Tuesday allowed domestic companies to export sugar with large volumes in an attempt to reduce the record high inventories of...

Only 10 percent of coffee products in VN made of real coffee?
COMMODITIES Mar 25th at 22:06

Only 10 percent of coffee products in VN made of real coffee?

Coffee drinkers would be exceedingly astonished if they know that what they drink is not real coffee, but of the mixture of maize and other burnt grain powder.

Read More

Commodity prices

MOST READ

Back To Top