On July 2, the Government Office said that it had Notice No. 345/TB-VPCP concluding of Member of the Party Central Committee, Deputy Prime Minister Nguyen Van Thang - Head of the Price Management Steering Committee at the meeting of the Price Management Steering Committee on the results of price management and administration.
In the announcement, the Deputy Prime Minister assigned the Ministry of Finance to closely monitor CPI developments and summarize data from ministries and sectors on market price movements of essential goods; regularly update inflation scenarios quarterly and annually.
Continue to effectively implement appropriate policies on exemption, reduction, and extension of taxes, fees, and charges to reduce input costs for businesses and support people's lives.
The State Bank of Vietnam operates monetary policy proactively, flexibly, and closely coordinates with fiscal policy to control inflation and support economic growth.
Strengthen inspection and supervision of foreign exchange market activities; strictly handle acts of speculation and hoarding of foreign currency causing market instability.
The Ministry of Industry and Trade closely monitors the diễn biến of crude oil, finished petroleum products, liquefied gas, coal and other energy sources in the world market; presides over and coordinates with the Ministry of Finance to manage domestic petroleum prices closely following world price diễn biến combined with appropriate management measures according to its authority.
Direct key enterprises to ensure gasoline and oil supply for production, business and consumption; not to let the situation of supply disruption or hoarding goods waiting for price increases occur.
The Ministry of Agriculture and Environment monitors and manages the prices of animal feed, fertilizers, and agricultural materials.
The Ministry of Construction shall take the lead in monitoring and evaluating the developments of construction material prices, housing prices, real estate prices and construction costs; direct localities to improve the quality of announcing construction material prices; promptly handle the situation of speculation, hoarding or manipulation of construction material prices.
Request transport enterprises to implement corresponding fare reduction adjustments when fuel costs decrease, ensuring accurate reflection of input cost fluctuations. Inspect and strictly handle cases of taking advantage of gasoline and oil price fluctuations to unreasonably increase fares or slow fare reduction adjustments when fuel prices decrease.
The Ministry of Health closely monitors the developments of drug prices, medical supplies, testing chemicals, medical equipment and medical examination and treatment services. Ensure sufficient supply of drugs and medical supplies to serve the medical examination and treatment needs of people at reasonable prices.
Develop a roadmap for adjusting medical service prices in accordance with the goal of controlling inflation and people's affordability. Strengthen inspection of price declaration activities, listing prices of medicines and medical supplies; strictly handle violations of the law on prices.
The Ministry of Culture, Sports and Tourism monitors the price developments of accommodation, tourism, and travel services in key tourist areas. Coordinate with localities to control unreasonable price increases during holidays, Tet and peak tourist seasons.
People's Committees of provinces and cities strengthen inspection and examination of compliance with the law on prices; strictly handle acts of speculation, hoarding goods, price manipulation, taking advantage of natural disasters, epidemics or market fluctuations for profit.
