Deputy Prime Minister Le Minh Khai chaired a meeting of the Price Management Steering Committee. Photo: VGP/Quang Thuong
Room for more flexible price management
After listening to the report of the Ministry of Finance, speaking at the meeting, representatives of ministries and branches (Government Office, Health, Planning and Investment, Education and Training, Industry and Trade, State Bank, Transport, Agriculture and Rural Development, General Statistics Office...) expressed high consensus with the very complete and comprehensive report of the Ministry of Finance.
Opinions unanimously agreed that in the first months of the year, the supply of essential goods was guaranteed, prices were basically stable, and developments were in line with the price management scenario set forth by the Price Management Steering Committee;…
From now until the end of the year, there will be more room for price management, enough conditions to consider the roadmap for adjusting state-managed goods and services according to the market roadmap at the appropriate time to control inflation according to the target, while ensuring social consensus and reducing pressure in the following years.
Deputy Prime Minister Le Minh Khai: Ensure supply and demand of goods, prepare adequate sources of goods to ensure timely response to people's needs, especially essential goods. Photo: VGP/Quang Thuong
Effectively and flexibly perform the role of regulating and stabilizing prices of state-managed goods.
After listening to the discussion and speaking at the meeting, Deputy Prime Minister Le Minh Khai highly appreciated the results achieved as well as the efforts of ministries, branches and localities in implementing price management measures in recent times.
In the remaining months of 2023, Deputy Prime Minister Le Minh Khai requested ministries, branches and localities to continue promoting the achieved results, closely following the proposed scenarios, strictly implementing the directions of the Government and the Prime Minister, proactively and closely monitoring price and inflation developments in the world, promptly warning of risks of domestic inflation; effectively and flexibly performing the role of regulating and stabilizing prices of state-managed goods.
Ensure supply and demand of goods, prepare adequate sources of goods to ensure timely response to people's needs, especially food, essential goods and consumer services, especially to serve high consumer demand during holidays and New Year's Eve,...
Continue to implement a proactive and flexible monetary policy in close coordination with fiscal policy and other macroeconomic policies to control inflation according to the set target.
Effectively organize and supervise the implementation of price declaration and posting measures; publicize price information; inspect the implementation of price laws.
Continue to promote information and propaganda work, ensure timely, transparent and complete information on prices and price management, especially price developments of important materials and essential goods related to production and people's lives to stabilize consumer psychology and control expected inflation.
Localities shall proactively implement state management of goods within their authority, strengthen inspection and supervision of implementation of price declaration and price posting measures; publicize price information; inspect compliance with price laws, and proactively inspect price formation factors according to law provisions when goods have unusual fluctuations.
Deputy Prime Minister Le Minh Khai: There must be no shortage or disruption of gasoline supply. Photo: VGP/Quang Thuong
No shortage or disruption of gasoline supply
Deputy Prime Minister Le Minh Khai also gave specific opinions related to price management for a number of essential goods such as: gasoline, electricity, agricultural products, educational services and educational materials, medical services, construction materials, transportation services, etc.
Specifically, for petroleum products, it is necessary to continue to closely monitor market developments to prepare appropriate measures; synchronously and effectively implement solutions to ensure petroleum supply for the domestic market; and avoid shortages and interruptions in petroleum supply.
Regarding electricity, the Ministry of Industry and Trade urges Vietnam Electricity to report on the updated electricity price plan every quarter in 2023 to implement electricity prices according to regulations. Quickly complete the amendment and supplement to Decision No. 24/2017/QD-TTg of the Prime Minister regulating the mechanism for adjusting the average retail electricity price and Decision No. 28/2014/QD-TTg regulating the structure of the retail electricity price table...
Regarding price management of agricultural products, the Ministry of Agriculture and Rural Development coordinates with the Ministry of Industry and Trade to closely monitor market developments, production and supply situations, especially agricultural products in the main season, to orient production and business to meet market demand, limit factors affecting prices, and ensure the interests of people, businesses and the country.
Deputy Prime Minister Le Minh Khai: Ensuring the supply of materials for the construction of key projects. Photo: VGP/Quang Thuong
Ensuring supply of materials for construction of key projects
Regarding educational services and educational materials, the Deputy Prime Minister requested the Ministry of Education and Training to carefully study and comprehensively evaluate the impact factors, and on that basis propose a roadmap and appropriate level of adjustment.
Regarding medical service prices, the Ministry of Health urgently reviews and issues technical and economic norms as a basis for adjusting prices of medical examination and treatment services.
Regarding construction materials, it is necessary to ensure supply, especially materials for construction of traffic works and key projects.
Regarding transportation service prices, the Ministry of Transport strengthens inspection and supervision of price declaration, posting and ticket sales at listed prices for transportation businesses, especially at the end of the year when demand for travel and freight transport increases.
The Deputy Prime Minister requested ministries, branches and localities, according to their assigned functions and tasks, to proactively monitor closely the developments in supply and demand and market prices of goods under their management in order to have appropriate and effective management measures to meet domestic demand and inflation management targets.
Deputy Prime Minister Le Minh Khai assigned the Ministry of Finance to strictly implement the Price Law No. 16/2023/QH15, effective from July 1, 2023.
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