Ministry of Finance answers voters about the situation of electricity and gasoline prices having many fluctuations

Xuyên Đông |

Voters in some localities have just reflected that the situation of electricity and gasoline prices has fluctuated sharply recently.

Voters in Hanoi City reflected that in the past time, prices of many essential goods such as food, foodstuffs, electricity, gasoline, oil, agricultural supplies... have fluctuated, at times increasing rapidly.

This situation greatly affects the lives of people, especially low-income households, workers, and vulnerable people.

Voters proposed that the Government direct ministries and sectors to implement flexible price management policies for essential goods, ensuring harmony of interests; and at the same time strengthen management, inspection, detection and strict handling of speculation and price manipulation acts.

Meanwhile, voters in Da Nang City proposed that the Government have solutions to control inflation, stabilize market prices; strengthen management, prevent speculation and unreasonable price increases.

Voters in Dak Lak province proposed to have solutions to stabilize prices, control prices of goods and services; consider and manage gasoline and oil prices appropriately to reduce the impact on production, business and people's lives.

Answering voters about this issue, the Ministry of Finance said:

Faced with geopolitical tensions in the Middle East putting pressure on price management, the Prime Minister issued Official Dispatch No. 28/CT-TTg dated April 1, 2026 on strengthening price management, price stabilization, and inflation control.

For gasoline and oil products, the Government has directed the implementation of price stabilization measures, operating closely following the world market and domestic supply and demand, combining the Price Stabilization Fund and tax exemption and reduction policies.

Thanks to that, the supply of gasoline and oil in the first 6 months of 2026 was maintained stably, Vietnamese gasoline and oil prices were at an average level in the region and lower than some countries sharing a common border.

For goods and services priced by the State: Ministries, branches, and localities carefully review price adjustment plans, ensuring harmony between the goal of controlling inflation, supporting production and business, and the market roadmap to accurately and fully calculate the factors forming prices.

Support solutions, in the first 6 months of 2026, the Ministry of Finance will implement a 2% reduction in value-added tax; exemption and reduction of many fees and charges until the end of 2026; reduction of export tax on some deep-processed minerals; adjustment of special consumption tax; extending the policy of exemption from agricultural land use tax until the end of 2030. At the same time, adjusting the tax-free revenue threshold for individuals and business households; extending tax and registration fee incentives for electric cars; issuing national reserves. The Government also implements preferential credit policies through the Vietnam Bank for Social Policies, supporting voluntary social insurance and health insurance participants.

In 2026 and the following period, the Ministry of Finance will coordinate to implement key solutions:

Strengthen forecasting capacity, early warning of inflationary pressure factors. Focus on ensuring and regulating supply and demand for essential goods such as gasoline, oil, electricity, food, foodstuffs, and input materials.

Promote inspection, examination, and handling of speculation, hoarding, and price manipulation.

Manage tight and effective fiscal policies; save recurrent expenditures, prioritize development investment resources and social security; regulate the pace of disbursement of public investment capital reasonably.

Manage monetary policy proactively and flexibly, reasonably control credit growth and manage exchange rates flexibly.

Manage the prices of goods and services managed by the State according to an appropriate roadmap. The adjustment of electricity prices, medical services, education and essential public goods and services needs to be considered in accordance with the context of inflation control.

Strengthen information and communication work, publicize and make transparent the policy of price management.

Thoroughly implement the 2023 Price Law, the 2025 Price Law (amended); review and handle documents that are no longer appropriate. Develop the feature of receiving price declaration information on the network environment according to Decree 85/2024/ND-CP, implemented no later than July 1, 2027; connect data to the National Price Database and issue a List of business organizations implementing price declaration.

Xuyên Đông
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