Ministries and sectors need to keep a close watch on the market developments, and roll out measures to ensure domestic supply-demand balance and stabilise prices.
As Tết (Lunar New Year) holidays are coming near, Deputy PM Khái urges enhanced price management to ensure adequate supply of goods and services as well as stabilising prices.
The instability and uncertainty of the global economy was at the highest level in many years, which were significantly affecting the macroeconomic stability and growth prospects of Việt Nam.
Close watch must be placed on the global economic and inflation developments as well as the impacts on Viet Nam and the supply and demand in the domestic market to timely raise solutions to prevent unreasonable price increases.
Higher exports and consumption demand led by the across-the-board economic recovery, coupled with a global inflationary pressure, have pushed up the prices of basic neccessities.
To stabilise the oil and gas prices and reduce the burden of rising input costs for enterprises, the Government should take into account the reduction of some kinds of taxes and fees imposed on the products.
Deputy Prime Minister Le Minh Khai has asked ministries, agencies and localities to closely monitor market developments and to be cautious, flexible and active in price management in order to stabilise price levels and promote economic growth.
The Ministry of Finance (MoF)''s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted.
Keeping inflation in check was among the top priorities for the Government this year, said Prime Minister Nguyen Xuan Phuc at a meeting with the Steering Committee on Price Management in Ha Noi.
The Ministry of Finance has asked its Price Management Department to keep a close watch on market supply and demand as well as price developments, especially of essential goods, during the Tet (Lunar New Year) holidays.