Vietnam instructs continued fight against goods, price hike
Tuesday, 5 August 2008
HANOI, Aug. 4 (Xinhua): The Vietnamese government has asked relevant ministries, sectors and localities nationwide to continue to take drastic measures to prevent and combat goods speculation and price hike, according to major Vietnamese newspapers today.
Prime Minister Nguyen Tan Dung yesterday required the ministries of Finance, Industry and Trade, Agriculture and Rural Development, and Health to dispatch working teams to inspect production costs and selling prices of goods and services currently in the trend of price hike, including fertilizers, medicines, taxi and dairy products, especially those in big cities, said New Hanoi newspaper.
He also asked the relevant agencies and localities to strictly deal with cases of goods speculation, irrational price hike and price-related rumor dissemination. They can resort to strong measures such as revoking business license and bringing to court in case of necessity.
The prime minister urged them to keep on taking urgent measures to ensure that selling prices of electricity, coal, running water and bus tickets would not increase from now to the end of this year, said Youth newspaper.
Prices of many goods and services in the domestic market are likely to increase after Vietnam raised, on July 21, its retail price of standard petroleum by 31 per cent, mainly to lower state subsidy and prevent smuggling of the product to neighboring countries.
Vietnam's consumer price index in the first seven months of 2008 rose 21.28 per cent year-on-year, according to the country's General Statistics Office. Vietnam's gross domestic product grew 6. 5 per cent in the first half of this year, compared with 7.91 per cent in the same period last year.
Prime Minister Nguyen Tan Dung yesterday required the ministries of Finance, Industry and Trade, Agriculture and Rural Development, and Health to dispatch working teams to inspect production costs and selling prices of goods and services currently in the trend of price hike, including fertilizers, medicines, taxi and dairy products, especially those in big cities, said New Hanoi newspaper.
He also asked the relevant agencies and localities to strictly deal with cases of goods speculation, irrational price hike and price-related rumor dissemination. They can resort to strong measures such as revoking business license and bringing to court in case of necessity.
The prime minister urged them to keep on taking urgent measures to ensure that selling prices of electricity, coal, running water and bus tickets would not increase from now to the end of this year, said Youth newspaper.
Prices of many goods and services in the domestic market are likely to increase after Vietnam raised, on July 21, its retail price of standard petroleum by 31 per cent, mainly to lower state subsidy and prevent smuggling of the product to neighboring countries.
Vietnam's consumer price index in the first seven months of 2008 rose 21.28 per cent year-on-year, according to the country's General Statistics Office. Vietnam's gross domestic product grew 6. 5 per cent in the first half of this year, compared with 7.91 per cent in the same period last year.