Price management under review

Dec 10th at 13:07
10-12-2014 13:07:34+07:00

Price management under review

The national steering committee on price management had its first meeting yesterday in Ha Noi to review the price management and operation activities this year, and their orientation next year.

The committee said that this year, the price management and operation activities were conducted well, and had considerable effect on the macroeconomic stability, reported Government news portal chinhphu.vn.

Additionally, the government managed the supply and demand well enough to stabilise domestic market prices.

The price management was implemented along with an improving business environment, and it prevented and fought against smuggling and trade fraud.

The price of services and essential goods such as petrol, electricity, coal, healthcare services and educational services were managed step-by-step according to the market mechanism, along with State regulation.

Deputy Prime Minister Vu Van Ninh, head of the committee, said that price management must follow market development and be active and feasible.

The prices of essential goods had stabilised over the past months, including of money price, milk, healthcare services and educational services, while petrol prices have changed as per the global market developments, Ninh said.

Next year, Ninh said, price management would continue to follow the market rules and must be unified, from the Central level to the provincial and city levels.

He pointed out that initially, the ministries, sectors and cities/provinces should be well prepared to meet the supply and demand of goods for production and consumption during the coming New Year and Lunar New Year. They must also combat smuggling and trade fraud to ensure price stabilisation.

The committee was set up in May and its members are leaders from various ministries and offices, including finance, industry and trade and planning and investment, as well as health, education and training, and transport, besides agriculture and rural development, government offices and the State Bank of Viet Nam.

bizhub



NEWS SAME CATEGORY

HCM City lawmakers review economy

With its economy on course to expand at around 9.5 per cent this year, HCM City plans to set itself a target of 9.5-10 percent for next year.

Breaking impasse in tackling bad debts

There is widespread belief that state-owned bad debt buyer Vietnam Asset Management Company (VAMC) needs to quicken the sale of bad debts it has bought from banks...

German firms pep up health market

German firms are hungry for a bigger slice of Vietnam’s lucrative pharmaceutical and healthcare industry cake.

Autodesk makes design software free to schools worldwide

Fulfilling its promise to expand access to its professional design software in education, US software giant Autodesk has made its industry-leading design...

Turning an eco- smart dream into reality

Fujisawa SST’s inauguration has proven smart and sustainable living is not a pipe dream.

Viettel Global eyes $1.8 bln telecom project in Myanmar

Viettel Global, the international investment arm of the military-run Viettel group, will cooperate with companies in Myanmar to establish Viettel Myanmar to...

Japanese firms invest in FPT subsidiary

Three Japanese enterprises jointly invested in the Sendo Joint Stock Company, a subsidiary of FPT Corporation, recently to get a 33 per cent stake in it.

Vietconstech 2014 opens in Ha Noi

The International Exhibition of Construction Technology (Vietconstech 2014) opens here today.

Dong Nai registers rise in wood exports

The southern Dong Nai province exported wood products to 80 markets worldwide, earning US$884 million, during the first 11 months of this year, up 9.1 per cent...

Vinamilk to starts cow farm in Tay Ninh

 The Viet Nam Dairy Products Joint Stock Company (Vinamilk) will start a project to raise 8,000 dairy cows in southern province of Tay Ninh in 2015.


MOST READ


Back To Top