Vietnam Sets Measures to Stabilize Essential Goods Prices
The Vietnamese Ministry of Industry and Trade Monday [Mar 17] proposed measures to the prime minister to ask essential goods providers to stabilize prices for at least a quarter in a bid to help tame inflation, the Vietnam News Agency said.
Hoang Tho Xuan, head of the Domestic Trade Policy Division under the ministry said steel, gasoline, cement, medicine and fertilizer companies are requested to submit the price list to state related agencies.
For businesses with the market share of over 30 per cent, the government of Vietnam will ask them to regularly report their performance results to the government agencies, which may have authority to revoke if wrongdoings are found.
Over the past months, prices of steel products soared 13 per cent-15 per cent on average, which slows down the construction of infrastructure projects. (VNS)
Vietnamese
