Milk price will be stabilized by the end of March, 2017

Milk price for children under 6 years old will be stabilized by the end of March, 2017. Photo: Internet.

The price stabilization for milk products for children under 6 years old will continue to be implemented under the measures, including: Managing maximum price as stipulated in Clause 7, Article 17 of the Law on Prices for dairy products and implementing price registration measures under Clause 4, Article 17 of the Law on Price for milk products until the end of March.

The method defines the maximum price of wholesale and the maximum price of retail will comply with the provisions of Article 2 of Decision No.1079/QD-BTC of the Ministry of Finance on the application of measures to stabilize prices for milk products for children under 6 years old and guidelines in Dispatch No. 6230/BTC-QLG and Dispatch No. 6544 / BTC-QLG of the Ministry of Finance.

Accordingly, organizations and individuals producing and trading milk products must define the maximum prices of wholesale and retail as per provisions and send to the competent authority on prices management as a basis for implementing price registration. Based on the maximum price approved by the competent authority, organizations and individuals producing and trading milk products register sale price as stipulated in Decree No.177/2013/ND-CP and Decree 149/2016/ND-CP, at the same time publicize the price at the headquarters, place to sell products and distribution channels as per regulations.

The Price management authorities have the responsibility to receive proposals on the maximum price and the price registration dossier to review the cost forming the maximum price and control the price registration as prescribed by law; publicize maximum price level of milk products of individuals and organizations subject to price registration at the Ministry of Industry and Trade.

The Price management authorities handle problems that arise under their jurisdiction or submit to the competent levels, and propose in a timely fashion the contents which need adjusting in line with market movements while applying price stabilization.

Removing the price ceiling and many more measures to stabilize the milk price from the Ministry of Finance VCN- Discussing with this reporter on October 11th, 2016 Ms.Dinh Thi Nuong- the Deputy Director of the Department of ...

The People's Committees of provinces and cities directly under the Central administration are responsible for implementation of price stabilization locally as prescribed; guiding the other related costs under competence within the maximum level specified; receiving the proposals for maximum price and price registration, controlling costs forming maximum price and price registration prescribed by law for organizations and individuals subject to price registration on localities.