PM calls for stable Tet prices
PM calls for stable Tet prices
The Prime Minister has called on ministries and government agencies to tighten controls and take steps to ensure stable markets and social security during the upcoming Tet (Lunar New Year) holiday.
In a directive sent last week, PM Nguyen Xuan Phuc asked the Ministry of Industry and Trade to closely monitor market demand and supply, especially necessary goods and services, to timely take measures to ensure a supply source and reasonable prices nationwide during Tet, which falls in late January 2017.
The ministry was instructed to prevent counterfeit and low-quality goods without clear origins from being sold in the market and strictly punish those who speculate on products and cheat customers to earn illegal profits.
Besides preventing smuggling, fraud and counterfeit goods, the Ministry of Finance, was also asked to control market prices so that they remain stable before and after Tet.
Under the directive, the PM requested the State Bank of Viet Nam to ensure cash supply is sufficient for the economy during the holiday, ATM machines work properly and workers get paid before the festival.
The central bank was also instructed to take effective measures to ensure stability of monetary, foreign exchange and gold markets.
It was told to increase inspections and monitoring on operation of credit institutions and foreign banks’ branches to ensure the banking system’s safety and liquidity.
The directive requires the Ministry of Transport to ensure that there are sufficient vehicles for people to travel during the Tet holiday with their families, especially those in remote and disadvantaged areas, including those inhabited by ethnic minority communities.
It should also implement plans to keep unsafe and substandard vehicles off the roads, ask transport companies to publicise their rates and deliver tickets directly to passengers.
It asked the Ministry of Agriculture and Rural Development to ensure that the agriculture sector continues production to meet market demand during the Tet holiday.
