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Ministry declares war on inflation (20/03)
06/08/2010 - 24 Lượt xem
Under the ministry’s proposal, enterprises trading in goods deemed necessary such as oil, gas, steel, and iron will be allowed to set their own prices, on the condition that they commit to stabilising prices at least in one quarter to come.
The ministry has also asked companies operating in the petrol, steel, iron, cement, medical and fertiliser industries to submit reports on their pricing strategies to the relevant State bodies.
Hoang Tho Xuan, director of the MoIT’s domestic trade policy department, said the request was made to ensure companies’ publicised prices match their selling prices.
State bodies will also engage in controlling the prices of large-sized firms, defined as holding a 30 percent market share. Ascertainment of true market share will be conducted via firms’ regular reports, and their stated output, market share, stock, costs and prices.
Companies found to be in violation of the price measures face the prospect of having their operating licences temporarily revoked.
Should price volatility on the global market continue to drag down local enterprises, the Government pledges to implement further measures to stabilise the market.
Inflation in the first two months of the year has roared to a ten-year high, with the consumer price index leaping 14.89 percent over the same period in 2007, the General Statistics Office (GSO) reported.
Source: VNA
