The ministry has asked the government not to increase the price of electricity, coal, water and cement and keep basic interest rates and VND/USD exchange rates stable.
The Ministry of Trade (MoT) forecasts that recent petrol price hike may trigger a surge in other consumer goods prices in September and has put forward some solutions to reduce the increase as part of an effort to stabilize the market.
|The MoT tries to control price hike although recent petrol prices increase.|
Increased food product exports may put a pressure on the price of these goods on the domestic market in the near future, so it is imperative that the government keeps a close watch on any speculation towards increasing the selling price of these goods.
The MoT’s Competition Control Bureau is also investigating and verifying the information that China’s roll-steel imported into Viet Nam is being sold at an abnormally low price.