The amount of money supplied to the economy will be much larger.
On February 6, Party Central Committee member, Deputy Prime Minister Ho Duc Phoc - Head of the Steering Committee for Price Management chaired a meeting of the Steering Committee to evaluate price management and operation in 2024 and orientation for 2025.
The report at the meeting outlined three inflation scenarios for 2025. Scenario 1 forecasts the average CPI in 2025 to increase by about 3.83% compared to 2024. Scenario 2 forecasts the average CPI in 2025 to increase by about 4.15% compared to 2024. Scenario 3 forecasts the average CPI in 2025 to increase by about 4.5% compared to 2024.
Deputy Prime Minister Ho Duc Phoc emphasized that the GDP growth target for 2025 must reach at least 8%, the amount of money supplied to the economy will be much larger than in 2024, the growth momentum will be stimulated, so this will affect the price index, especially consumer prices.
Of the three inflation scenarios for 2025 proposed by the Ministry of Finance, the Deputy Prime Minister proposed choosing the second scenario (average CPI in 2025 increases by about 4.15% compared to 2024) to drastically deploy implementation solutions.
In that spirit, the Deputy Prime Minister requested ministries and branches, based on their assigned functions and tasks, to develop price management scenarios for managed goods on a quarterly basis.
List and sell at listed price
The Deputy Prime Minister requested the Ministry of Finance to advise the Prime Minister to issue a directive requiring immediate and serious implementation of the Law on Prices to maintain a healthy competitive environment and avoid cases of price manipulation, appropriation, and price hikes.
"It is necessary to list and sell at the listed price", emphasizing that this is very important, the Deputy Prime Minister cited the story of pho bowls costing up to 1 million VND, or cases of business licenses being revoked due to violations in sales, with the requirement to take it seriously.
The problem is not whether it is expensive or cheap, but rather the price must be transparent so that customers can choose and there must be healthy competition. Do not let the situation of sellers taking advantage of customers to get money.
"Publishing prices and selling at listed prices is a measure to protect consumers and determine the seller's sales behavior in a transparent and objective manner," the Deputy Prime Minister emphasized.
The Deputy Prime Minister also requested to closely monitor developments in the domestic and world markets, and flexibly develop scenarios and solutions to be ready to respond to fluctuations.
On that basis, it is necessary to strictly manage, proactively and diversify supply sources, and not break the supply chain, especially for gasoline, oil and electricity.
For goods managed by the State, ministries and branches, according to their assigned functions and tasks, proactively develop price management measures according to the market roadmap at appropriate levels and times. The spirit is to manage closely and operate according to the correct scenario.
At the same time, continue to effectively implement solutions to link production with distribution and consumption, creating a transit circle; coordinate monetary policy with fiscal policy in a reasonable and harmonious manner to promote growth.
Strengthen inspection, examination and market supervision according to the provisions of law to have timely and effective management measures, to avoid shortages and interruptions in goods sources causing sudden price increases.
