Price Control Must Be Tightened, PM Says

Ministries, local authorities, economic groups and state-owned corporations must tighten their control of consumer prices, according to a dispatch sent out by Prime Minister Nguyen Tan Dung Sunday.

Prices of specified goods and services must be stabilized until the end of the year.

Local governments must take measures to strengthen regulations on consumer prices, fight speculation and reduce the inflation rate, Mr. Dung said.

The prime minister directed local authorities to stabilize the prices of specified goods and services until the end of the year, including electricity, coal, clean water, and bus fare.

For other commodities, price adjustments must be carried out rationally and reasonably, he said.

Violators of price regulations and those who speculate in goods must be punished by administrative discipline, business suspension, license revocation, and even criminal prosecution.

The prime minister urged the ministries of finance, industry and trade, agriculture, and health to set up task forces to examine the costs and prices of commodities and services that are likely to rise in price. These items include fertilizers, medicines, milk, and transport fees.

To restrain the inflation, Mr. Dung called on economic groups and state-owned enterprises to slow down the rise of consumer prices. Any plans to increase prices of goods must be approved by relevant ministries and agencies.

By Ph.Thao – Translated by Truc Thinh

Other news