On March 6, the Government Office announced that it had issued Notice No. 101/TB-VPCP concluding Deputy Prime Minister Ho Duc Phoc - Head of the Price Management Steering Committee at the Steering Committee meeting on the results of price management and administration.
The Deputy Prime Minister requested relevant ministries, sectors and localities to pay close attention to monitoring world economic developments and inflation, economic policy adjustments of major countries, especially Vietnam's main trading partners, impacts from the US counterpart tax policy and the European Union (EU) tariff policy... to come up with appropriate response solutions to limit negative impacts on the domestic price level.
Closely monitor market price fluctuations in the country, especially for essential consumer goods and services and important input materials serving production; proactively and flexibly take measures to regulate supply and demand and stabilize the market to ensure production, meet social needs, prevent shortages, price fever, and ensure social security.
Continue to ensure the supply-demand balance for essential commodity groups such as food, foodstuffs, fuel, gasoline, electricity, input materials for production and the real estate market.
Manage fiscal policy in close coordination with monetary policy and other policies to contribute to macroeconomic stability, inflation control, and ensure major balances of the economy.
Use flexibly and effectively tools and measures to regulate prices according to the provisions of the law on prices to control and stabilize the market. Strengthen the effective implementation and supervision of measures to declare prices, list prices, publicize price information, inspect compliance with price laws, and strictly handle violations of price laws.
The Deputy Prime Minister requested ministries, branches, and localities to be responsible for organizing and closely monitoring the developments of supply and demand, market prices of goods under management to have the most appropriate management measures.
Pay attention to items that directly affect people's lives such as food, foodstuffs, electricity, building materials, education and healthcare, and closely monitor price fluctuations of indirectly impacting commodity groups such as gold, foreign currencies (USD) and real estate, including:
For gasoline and LPG: The Ministry of Industry and Trade shall preside over and coordinate with relevant agencies to implement solutions to ensure the supply of gasoline and LPG to the domestic market in all situations and manage gasoline and oil prices according to regulations; at the same time, research to diversify supply sources.
Proactively manage gasoline and oil reserves to flexibly regulate and stabilize the market when fluctuations or supply disruptions arise; strengthen market inspection and supervision, strictly handle violations; prevent shortages and breakdowns in gasoline and oil supply...
Land, real estate and housing: The Ministry of Agriculture and Environment, the Ministry of Construction coordinate with the People's Committees of provinces and cities to have solutions to develop a healthy real estate market, ensuring compliance with the conditions and actual needs of people, focusing on developing the social housing segment and housing for people with average incomes, effectively serving housing and social security needs.
