Ministry of Finance: Do not allow scarcity or speculation to increase prices of goods after storm No. 3

Storm No. 3 has caused serious consequences and damage to agricultural production. The Ministry of Finance emphasized that price management and operation needs to continue to be strengthened to contribute to controlling inflation according to the set target.

People shop at Winmart supermarket. (Photo: Tran Viet/VNA)

On September 13, the Ministry of Finance sent an official dispatch to ministries, ministerial-level agencies; People's Committees of provinces and centrally-run cities; Heads of units and organizations under the Ministry of Finance on promoting and strengthening price management and operation measures after storm No. 3 (storm Yagi).

According to the Telegram, Typhoon Yagi passing through some localities caused serious consequences, causing damage to agricultural production and disrupting the transportation of goods in some places. At some times, there was a shortage of some items such as vegetables, fruits, food, drinking water... as well as leading to local price increases in some areas, causing difficulties for people's daily life and consumption....

Therefore, the Ministry of Finance emphasized that price management and operation need to continue to be strengthened to contribute to controlling inflation according to the set target.

Minister of Finance Ho Duc Phoc requested agencies and units to continue to promote and strengthen price management and operation measures. Specifically, flexibly and effectively use tools and price regulation measures according to the provisions of the law on prices to control and stabilize the market.

At the same time, strengthen the effective implementation and supervision of price declaration and posting measures; publicize price information; organize inspections and examinations of compliance with price laws, and strictly handle violations of price laws.

Along with that, promote information and propaganda, ensure timely and transparent information on prices, especially price developments of important materials and essential goods related to production and people's lives to limit expected inflation and stabilize consumer psychology after storms and floods.

The traditional market on Bach Dang Street has become bustling again, with an abundance of goods to serve people's shopping needs. (Photo: Hoang Hieu/VNA)

The Ministry of Finance also requested that the Ministries, according to their functions and tasks, take the initiative in advising the Prime Minister, Deputy Prime Minister, and Head of the Price Management Steering Committee to propose solutions to ensure smooth supply, circulation, and distribution of goods and services, especially for essential goods that are disrupted and have limited supply after storms and floods.

In addition, organize and closely monitor the supply and demand developments and market prices of essential goods under management to have appropriate management measures; prepare and carefully calculate price management plans for State-priced goods and public services according to the market roadmap to avoid resonance impacts on CPI at a time when market prices are affected by storms and floods.

In addition, the People's Committees of provinces and centrally-run cities closely monitor market price developments and supply and demand of goods in the area, especially essential food and foodstuffs for the people.

At the same time, monitor the commodity market at wholesale markets, shopping centers, and supermarkets to prevent shortages, price speculation, and strictly handle acts of taking advantage of emergencies, incidents, disasters, natural disasters, and epidemics to unreasonably increase prices of goods and services for personal gain.

At the same time, ensure and facilitate the circulation of goods, especially to remote areas, areas affected by storms and floods; seriously and effectively organize the synthesis, analysis, forecast of market prices and reporting of market prices in the area in accordance with regulations.

The Department of Finance shall proactively coordinate with other Departments, Boards and sectors to promptly advise the People's Committees of provinces and centrally-run cities to strengthen management, operation and price stabilization, based on local conditions and actual situations to consider and decide on the implementation of the market stabilization program in the area when unusual fluctuations occur according to authority and legal regulations.

The General Department of State Reserves directs regional State Reserve Departments to deploy forces 24/7; organize timely supply of rice, vehicles, rescue materials... from national reserve warehouses to provinces and cities at the request of competent authorities, in accordance with legal regulations./.

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