International practices in price management

International practices in price management

The Ministry of Finance said there isn't a massive gap in the regulations of price management in Vietnam and other countries applying for goods items subjected to State management.
How to operate petroleum prices in line with market mechanisms?

How to operate petroleum prices in line with market mechanisms?

The Price Stabilization Fund is one of the "regulators" of petroleum prices, but it has not been effective in curbing the recent rise in petrol prices.
Prevent unreasonable price increases

Prevent unreasonable price increases

Ministries, sectors and provinces need to strictly fulfill directives of the Steering Committee on price management to avoid the situation of goods and service prices following the adjustment of petroleum prices.
Gasoline price increase of 10% causes GDP to decrease by 0.5%, CPI to increase by 0.36%

Gasoline price increase of 10% causes GDP to decrease by 0.5%, CPI to increase by 0.36%

The domestic gasoline price is adjusted to increase for the 4th consecutive time which is inevitable when the rise of the world petroleum market directly affects the retail price of gasoline in the country.
Avoiding taking advantage of goods for profit when petroleum prices increase

Avoiding taking advantage of goods for profit when petroleum prices increase

Facing concerns that petroleum prices increases will lead to the situation of taking advantage for a number of goods, the Ministry of Finance affirmed that they won’t let this situation happen.
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