PM orders enhanced price management measures

Prime Minister Pham Minh Chinh has asked price management to be enhanced in the coming time, under an official dispatch recently sent to ministers, heads of ministerial-level agencies, and the chairpersons of the Peoples’ Committees of the provinces and centrally-run cities.

A local is buying rice at stabilised price at a supermarket in HCM City. (Photo: VNA)

A local is buying rice at stabilised price at a supermarket in HCM City. (Photo: VNA)

Prime Minister Pham Minh Chinh has asked price management to be enhanced in the coming time, under an official dispatch recently sent to ministers, heads of ministerial-level agencies, and the chairpersons of the Peoples’ Committees of the provinces and centrally-run cities.

Ministries and sectors need to keep a close watch on the market developments, and roll out measures to ensure domestic supply-demand balance and stabilise prices, given the pressure from the implementation of the market roadmap for State-managed products which were delayed over the past time, rising costs of imported materials and sea shipping, and wage reform.

Competent sides must do the same for the strategic goods in the global market as well as regional and international situations so as to give timely warnings of the risks that may affect domestic prices and to propose rational, flexible and effective solutions and scenarios to relevant administrations.to

They are urged to ensure smooth supply, circulation and distribution of products and services, particularly petrol and strategic goods with a possibility of being impacted by the global supply chain disruption, conflicts, and geopolitical tensions.

Besides, the stakeholders are ordered to focus resources on the building and completion of an institution to guide the implementation of the Law on Price adopted in 2023, creating a full legal framework for the price management and administration work.

The Ministries of Industry and Trade (MoIT), Health, Education and Training, and Labour-Invalids and Social Affairs (MoLISA) are responsible for reviewing, reporting and proposing a specific roadmap for price adjustments in their authority, while joining hands with the Ministry of Finance (MoF), the General Statistics Office (GSO), and other competent agencies to evaluate impact on the consumer price index and specific goals and scenarios to curb the inflation, and report to the Prime Minister before June 30.

The MoF is requested to work with the Ministry of Planning and Investment, the State Bank of Vietnam, the GSO, and other competent agencies and localities to step up price forecast, update price management scenarios in a detailed, specific, and timely fashion in the remaining months of the year so as to propose rational measures to keep inflation at 4-4.5% this year to the Government and the Prime Minister.

It is asked to join hands with relevant agencies to harmoniously and effectively carry out solutions to ensure petrol supply for the domestic market and carry out inspection on the application of the electronic invoices for petrol products.

Regarding food, building materials and air transport services, competent ministries must closely watch the market development to stablise prices and assure supply-demand.

With other important and essential goods, ministries, sectors, and localities must keep a close watch on the supply-demand balance and market developments to have rational administration measures.

The Ministry of Information and Communications must coordinate with competent sides to enhance communications work on price listing and the Government’s price management work.

Deputy Prime Minister Le Minh Khai is responsible for monitoring and directing relevant ministries, agencies, and localities to realise the dispatch./.

Source: VNA
en.vietnamplus.vn

Related News

Latest News

The trend of GDP acceleration is increasingly clear

The trend of GDP acceleration is increasingly clear

VCN - In the context of a world economic recovery trend, our country's economic growth in the first six months of 2024 continues to prosper with an increase of 6.42%. This result is higher than the upper target growth rate set in Resolution 01/NQ-CP of the Government, and is considered a positive sign for the growth target for the whole year 2024.
The new Land law 2024 expected to boost foreign investment

The new Land law 2024 expected to boost foreign investment

VCN - With the new features and improvements in the Land Law 2024 for investors, Vietnam expects to welcome a new wave of foreign direct investment (FDI), especially for large projects.
PM calls for all-people, comprehensive digital transformation

PM calls for all-people, comprehensive digital transformation

Prime Minister Pham Minh Chinh on July 19 called for the all-people and comprehensive digital transformation, with the engagement of the whole political system, people and enterprises in the development of digital infrastructure, completion of the digital institutions and human resources training, so that Vietnam can catch up with and be on par with other nations amidst global headwinds.
Statement of the Ministry of Foreign Affairs on Vietnam submission on the limits of the extended continental shelf beyond 200 nautical miles in respec

Statement of the Ministry of Foreign Affairs on Vietnam submission on the limits of the extended continental shelf beyond 200 nautical miles in respec

Vietnam presented to the United Nations Commission on the Limits of the Continental Shelf (CLCS) its Submission on the Limits of the Extended Continental Shelf in respect of the Central Area of the East Sea (South China Sea) (VNM-C) at the UN headquarters in New York on July 17 morning (local time).

More News

Vietnam’s e-commerce market grows fastest in SEA

Vietnam’s e-commerce market grows fastest in SEA

Vietnam, along with Thailand, are the two fastest growing e-commerce markets in Southeast Asia, according to the recently released report '2024 E-commerce in Southeast Asia' by Momentum Works.
Deputy PM urges implementation of 1 million hectare of high-quality rice project

Deputy PM urges implementation of 1 million hectare of high-quality rice project

Deputy Prime Minister Tran Luu Quang on July 17 requested the acceleration of the implementation of a project to develop 1 million hectares of specialised rice cultivation with high quality and low emissions associated with green growth in the Mekong Delta region from now to 2030.
Việt Nam targets full mobile broadband coverage on highways, industrial zones by 2025

Việt Nam targets full mobile broadband coverage on highways, industrial zones by 2025

By 2025, Việt Nam aims to achieve 100 per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of the country’s mobile telecommunications network, approved by the Ministry of Information and Communications (MIC).
Vietnamese enterprises undeterred by economic headwinds: UOB

Vietnamese enterprises undeterred by economic headwinds: UOB

Vietnamese companies have been upbeat about the current business environment, according to the Business Outlook Study 2024 (SMEs & Large Enterprises) conducted by Singapore-based United Overseas Bank (UOB).
AMRO revises Vietnam’s 2024 growth forecast upward to 6.3%, highest in ASEAN

AMRO revises Vietnam’s 2024 growth forecast upward to 6.3%, highest in ASEAN

The ASEAN+3 Macroeconomic Research Office (AMRO) revised Vietnam’s economic growth forecast upward to 6.3% for 2024 in its latest update released on July 16.
Trade remedies create a fair business environment

Trade remedies create a fair business environment

VCN - The investigation and application of trade defense measures have contributed to protecting and creating a fair competitive environment for domestic manufacturing industries.
PM asks for solutions towards 95% of public investment disbursement rate

PM asks for solutions towards 95% of public investment disbursement rate

Prime Minister Pham Minh Chinh has asked for breakthrough solutions to fulfil the target of 95% in the disbursement rate of public investment capital in 2024.
Industrial production has not yet been able to fully recover as before the Covid-19 pandemic

Industrial production has not yet been able to fully recover as before the Covid-19 pandemic

VCN - Industrial production in the second quarter of 2024 grew more positively than in the first quarter of 2024, the value added growth rate was estimated at 8.55% over the same period last year. In the first six months of the year, the added value of the industrial sector increased by 7.54% over the same period last year, of which the processing and manufacturing industry increased by 8.67%.
PM urges measures to remove obstacles to e-commerce

PM urges measures to remove obstacles to e-commerce

Prime Minister Pham Minh Chinh has stressed the need to implement specific tasks in order to untangle knots in e-commerce development, according to the Government Office.
Read More

Your care

Latest Most read
The trend of GDP acceleration is increasingly clear

The trend of GDP acceleration is increasingly clear

VCN - According to data on the socio-economic situation in the second quarter and the first six months of 2024 from the General Statistics Office, GDP growth in the second quarter has nearly reached the 7% threshold, reaching 6.93%, bringing 6-month GDP g
The new Land law 2024 expected to boost foreign investment

The new Land law 2024 expected to boost foreign investment

VCN - This information was revealed at the seminar "Land Law 2024: Effective implementation solutions for investors" organized by the Investment & Trade Promotion Centre of Ho Chi Minh City (ITPC) in collaboration with the Vietnam International Arbitratio
PM calls for all-people, comprehensive digital transformation

PM calls for all-people, comprehensive digital transformation

Prime Minister Pham Minh Chinh on July 19 called for the all-people and comprehensive digital transformation, with the engagement of the whole political system, people and enterprises in the development of digital infrastructure, completion of the digital institutions and human resources training, so that Vietnam can catch up with and be on par with other nations amidst global headwinds.
Statement of the Ministry of Foreign Affairs on Vietnam submission on the limits of the extended continental shelf beyond 200 nautical miles in respec

Statement of the Ministry of Foreign Affairs on Vietnam submission on the limits of the extended continental shelf beyond 200 nautical miles in respec

Vietnam presented to the United Nations Commission on the Limits of the Continental Shelf (CLCS) its Submission on the Limits of the Extended Continental Shelf in respect of the Central Area of the East Sea (South China Sea) (VNM-C) at the UN headquarters in New York on July 17 morning (local time).
Vietnam’s e-commerce market grows fastest in SEA

Vietnam’s e-commerce market grows fastest in SEA

Vietnam, along with Thailand, are the two fastest growing e-commerce markets in Southeast Asia, according to the recently released report '2024 E-commerce in Southeast Asia' by Momentum Works.
Mobile Version