Vietnam to Crack Down on Goods Speculations, Wrong Information Reports
The government of Vietnam will crack down on any goods speculators and wrong reports in the near future in an effort to stabilize macro economy and curb inflation, Minister of the Government of Office Nguyen Xuan Phuc told a press briefing on June 2.
“The government will take a hard line on any speculators, who wrongly and intentionally allegedly spread information to make water trouble to catch fish,” Phuc noted.
Vice Governor Nguyen Dong Tien advised local investors to be vigilant over information causing chaos in the domestic market.
Tien refuted rumors on devaluing Vietnam dong, reconfirmed that the State Bank of Vietnam is applying forex rates based on market rules. Vietnam’s forex reserves now reach five months of imports, doubling those in 2007.
Meanwhile, Nguyen Cong Nghiep, Deputy Minister of Finance also confirmed no prices hikes after June 30, highlighting that the Ministry of Finance is working on roadmaps of consumer prices hikes after June 30 until the end of the year, the Tuoi Tre (Youth) newspaper said.
Fake rice fever and strong buys of greenback recently are attributed to speculations, state media said. (Government’s Website)
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