Vietnam will strictly control commodity prices | Company

Residents of Ho Chi Minh City buy eggs from Co.opmart Nguyen Kiem, located in Phu Nhuan district. (Photo: SGGP)

Deputy Prime Minister Le Minh Khai pointed out that inflationary pressure in the first 5 months is extremely high as many countries adopt loose monetary policy, raise gas and food prices due to instability between the Russia and Ukraine, high demands for raw materials after the fourth Covid-19 epidemic in the country.

The government, prime minister and relevant ministries, localities have implemented various measures to effectively control inflation in Vietnam during these months. However, this pressure still continues in the near future, especially when the price of fuel shows no signs of falling, which may lead to higher prices for other products and services.

Therefore, the government’s price control task encounters more challenges. The Deputy Prime Minister requested that the State Bank of Vietnam cooperate with the Ministry of Finance and relevant ministries to implement an active and flexible monetary policy, closely linked to fiscal policy and other macroeconomic policies to maintain control. core inflation in 2022, forming the basis for general inflation control.

Vietnam to strictly control commodity prices ảnh 2

All localities are urged to strengthen their monitoring of the local market and adopt price stabilization solutions. Whenever abnormal signs are detected, they should be carefully investigated to address them in a timely manner. Essential products must be subject to stricter surveillance to ensure an adequate standard of living for citizens. Forecasts must be made quickly to design flexible administrative measures so that essential products are always sufficient for production and consumption.

Goods and services priced by the government should be carefully monitored, carefully considering possible influences before deciding on a price increase. These goods and services tariffed by enterprises under the law, there must be timely rectification if abnormal situations occur.

As for fuel, Deputy Prime Minister Khai called for its prices to be flexible, as well as the reasonable use of the Price Stabilization Fund and import plans if necessary.

He highlighted demands to ensure food security; prepare a clear roadmap for raising school fees, especially in public schools; study the law of prices to control the prices of textbooks so that all learners can access them at an affordable price.

By Phan Thao – Translated by Huong Vuong

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