• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Ministries take measures to stabilize market

VNGOP – According to the Domestic Market Controlling Team and the Department of Price Management (Ministry of Finance), the consumer price index (CPI) in the second half of 2007 is estimated to increase by 2.3-3 percent and the yearly CPI by 7.5-8.2 percent against December 2006.

July 06, 2007 7:10 AM GMT+7
 

Illustration photo by VNGOP

To control CPI in the last six months at 2.3-3 percent (increasing by 0.4-0.5 percent monthly), the Ministry of Trade (MoT) and the Ministry of Finance (MoF) have proposed six solutions to stabilize the market:

Firstly, the Government continues to direct ministries, sectors, local authorities and businesses to speed up production; eradicate animal and crop epidemics; prevent natural calamities and minimize their impacts; and balance the demand and supply of primary goods at proper prices in any circumstance;

Secondly, the MoF takes financial measures to reduce prices and create competition by strictly controlling budget collection-expenditure and maintaining the budget over-expenditure at 5 percent of GDP; tighten the management over stock markets; control cost prices and selling prices of important products and services while kicking off the roadmap of electricity selling price decrease since July 1, 2008 and supervising fuel prices;

Thirdly, the State Bank continues to realize monetary policies in a cautious and flexible way to stabilize exchange rate and major interest rates of Vietnamese currency; closely monitor all impacts caused by the increase of compulsory reserve of bank deposit;

Fourthly, the MoT promotes export and reduce import and trade gap; well organizes market activities to maintain commodity circulation; control the market to balance the demand and supply of primary goods; and tighten market management;

Fifthly, ministries, sectors, local authorities, associations and businesses check all commodity planning schemes, renew technologies, reduce costs to lower production and business prices;

Sixthly, chairpersons of provincial-level People's Committees direct local sectors to enhance price stabilization; check goods quality and punish all illegal price increases.

By Nguyên Hồ