PM calls for stronger price stabilisation efforts

Aug 3rd at 08:39
03-08-2022 08:39:57+07:00

PM calls for stronger price stabilisation efforts

Prime Minister Pham Minh Chinh has sent a dispatch to ministers, heads of ministry-level agencies and chairmen of the People’s Committees of centrally-run provinces and cities, asking for strengthened efforts in the management of prices of essential goods and services.

 

They were also requested to continue implementing directions of the head of the Price Management Steering Committee, keeping a close watch on market developments, and giving timely measures to ensure domestic supply-demand balance, stabilise prices and avoid the shortage of goods and speculation that will lead to unreasonable price increases.

The Minister of Transport was asked to collaborate with leaders of localities to consider the adjustments of prices of goods and services directly affected by petrol prices, such as transport and logistics.

The PM asked for the control of the price application of businesses to give suitable management and stabilisation solutions, along with the strengthening of inspection over the implementation of the law on prices and related regulations and the strict settlement of violations.

Regarding the prices of food, the Minister of Agriculture and Rural Development was directed to coordinate with the Minister of Industry and Trade to evaluate the production and regulation of goods for domestic consumption among regions and localities as well as the demand for export to stabilise market prices.

The PM asked for the re-assessment of the pork distribution system, aiming to make it simpler and more effective, ensuring reasonable prices.

On the prices of construction materials, the Minister of Natural Resources and Environment, the Minister of Construction, and leaders of localities were requested to manage the supply and settlement of goods speculation efficiently.

The Ministry of Construction was directed to update construction materials prices regularly and announce the costs more quickly.

Leaders of localities were asked to detect the abuse of peak tourism occasions and petrol price fluctuation to stop unreasonable increases in travel and accommodation service prices.

The PM also gave directions on the management of the prices of textbooks and the flexible use of the petrol price stabilisation fund to make reasonable management over domestic petrol prices.

The Ministry of Finance was assigned to work with relevant ministries and agencies to give market price forecasts and update the detailed price management scenarios for the rest of the year, thus supporting the Government and the PM in seeking measures to realise the goal of keeping the inflation rate at 4 per cent for this year. 

bizhub



NEWS SAME CATEGORY

PM suggests Singaporean firms expand investments in Vietnam

Prime Minister Pham Minh Chinh on August 1 called on Singaporean firms and Temasek in particular to expand their investment in Vietnam, particularly in technology...

PM urges Korean businesses to boost connectivity with Vietnamese firms

Prime Minister Pham Minh Chinh has called on enterprises in the Republic of Korea (RoK) to increase investment in Viet Nam and boost connectivity with local firms...

Record in newly-established firms set in seven months

The number of newly-established enterprises and enterprises resuming operations continued to set a new record in the first seven months of this year, along with the...

CPI goes up 2.54 per cent in seven months: GSO

The July consumer price index (CPI) grew 0.4 per cent from the previous month, contributing to the year-on-year growth of 2.54 per cent in the first seven months of...

CPTPP gains allure new states

Three years into implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, a range of other diverse economies are seeking to...

Vietnam can emulate Japan’s circular economy vision

Vietnam has set clear dual growth goals of becoming a high-income country by 2045 and meeting carbon neutrality by 2050.

Hallmark development plan draft sets out long-term goal

The nation’s most significant development plan is expected to resolve the economy’s shortcomings and enable Vietnam to reach the target of being a developed country...

Vietnam among fastest-growing countries in coming decade

Recent research finds that countries that have diversified into more complex sectors, such as Vietnam and China, are set to experience the fastest growth over the...

Hanoi's night economy brightens up

Visitors enjoy Hanoi's nightlife charm and street meals when walking or on motorcycle food tours.

FDI disbursement surges in seven months

Disbursement of foreign direct investment (FDI) to Viet Nam hit US$11.57 billion in the first seven months, up 10.2 per cent year-on-year, the Ministry of Planning...


MOST READ


Back To Top