PM calls for prevention of speculation, price increases

Tuesday, 2020-04-21 20:56:41
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Prime Minister Nguyen Xuan Phuc speaks at a meeting of the National Steering Committee for Price Management on April 21, 2020. (Photo: NDO/Tran Hai)
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NDO/VNA – Prime Minister Nguyen Xuan Phuc requested more drastic measures to prevent speculation, price increases, and market devaluation when chairing a meeting of the National Steering Committee for Price Management on April 21.

It is also important to control inflation at 4% or less set in a National Assembly resolution, PM Phuc said, which requires the synchronous implementation of certain measures.

Ministries, sectors, localities, and relevant enterprises must strictly pursue specific tasks and measures on market price stabilisation in the context of the economy being hit hard by the COVID-19 pandemic, he said.

The Ministries of Health; Education and Training; Industry and Trade; Transport; and Construction as well as relevant agencies were requested to carry out specific measures to reduce the prices of medical supplies and equipment, textbooks, and transport services, and to stabilise the prices of construction materials and essential goods.

The PM also asked the Ministries of Planning and Investment; Finance; and Industry and Trade, together with the State Bank of Vietnam, to closely monitor developments on international and domestic markets and update growth scenarios and macroeconomic indicators so as to make appropriate proposals and recommendations to ensure the value of the Vietnamese dong and facilitate economic recovery.