Managing price effectively, reducing pressure on inflation

Managing price effectively, reducing pressure on inflation

VCN - Timely and effective price management helps control the consumer price index (CPI) and inflation in accordance with the set target.
Proactively forecast and carefully consider when to adjust prices

Proactively forecast and carefully consider when to adjust prices

In price management, the Government and the Ministry of Finance strongly require the implementation of solutions to stabilize market prices, along with public and transparent price declaration activities
Closely monitoring fluctuations to calculate the appropriate time to adjust prices

Closely monitoring fluctuations to calculate the appropriate time to adjust prices

According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management needs to ensure inflation control.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
The exchange rate is heated up: Need flexible regulation to control inflation

The exchange rate is heated up: Need flexible regulation to control inflation

The exchange rate has been increasing sharply since the beginning of the year until now, despite the context that foreign currency liquidity is still abundant thanks to positive indicators of trade and investment.
Proposing to have information sharing mechanism in price management

Proposing to have information sharing mechanism in price management

VCN - In the draft Decree detailing and implementing measures for a number of articles of the 2023 Price Law, the Ministry of Finance has proposed many specific tasks for price stabilization as well as market price analysis and forecasting.
Control inflation expectations through transparent price management: Deputy Prime Minister Le Minh Khai

Control inflation expectations through transparent price management: Deputy Prime Minister Le Minh Khai

VCN - The Ministry of Finance has proposed two inflation scenarios for the third quarter and the remaining months of 2023.
Positive signals in price management

Positive signals in price management

VCN - Average CPI in the first four months of 2023 increased by 3.84% year-on-year; core inflation increased by 4.9%, higher than the average CPI.
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.
Revising Law on Prices: Avoiding overlaps between specialized laws

Revising Law on Prices: Avoiding overlaps between specialized laws

VCN – Speaking to the press, Deputy Minister of Finance Ta Anh Tuan said the draft Law on Prices (revised) will be comprehensive to ensure price management to avoid overlaps between the Law on Prices and other specialized laws.
Fear of rising costs "overwhelms" businesses

Fear of rising costs "overwhelms" businesses

As reflected by businesses to Government leaders, rising costs have been a big challenge affecting the speed of recovery and growth in the last months of the year.
Customs valuation management: Seven years of “gains” and “failures”

Customs valuation management: Seven years of “gains” and “failures”

Customs valuation management is a specific technical field of operation that plays a key role in the management of general and taxes for goods in particular.
Customs valuation management needs boarder ‘coat’

Customs valuation management needs boarder ‘coat’

Although the specialized human resources performing valuation tasks are assessed to meet requirements, the model of the customs valuation management structure at the departmental and branch levels is not unified yet.
Keeping inflation below 4% is very difficult

Keeping inflation below 4% is very difficult

According to economist Vu Vinh Phu (photo), keeping inflation below 4% in 2022 is very difficult. Therefore, solutions related to energy, raw materials and supply chains are the most important right now.
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.
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