Prices maintained till June – what about after that? (17/04)
06/08/2010 - 31 Lượt xem
If prices increase, by how much? How should the government, enterprises and people prepare?
These questions were raised by Dr. Tran Dinh Thien, Vice Head of the Vietnam Economic Sciences Institute, at a talk on solutions to curb inflation held by the Ministry of Finance, the State Bank of Vietnam and Nhan Dan Newspaper.
Thien said the government should not apply unexpected and shock-making measures and policies; it should have specific “scripts” for inflation.
According to the specialist, businesses have to try to maintain prices till June per the government’s instruction, but then, if they are allowed to raise prices, the market could suffer “price storms”.
If the government will continue to keep prices under control after June, it should let businesses know early so they can prepare for the future.
Thien said inflation may reach 16-18% in 2008 and Vietnam should look straight at this fact to find the proper solutions.
Dr. Vo Tri Thanh from the Central Institute for Economic Management said Vietnam should build plans to cope with the worst situation of the global economy. For example, if the growth rate of the US economy is zero percent this year, how will Vietnam be influenced and what will the country have to do?
Thanh said analyses and forecasts for six months or the entire 2008 are insufficient since these are short-term visions. Vietnam needs to have deeper and wider views to curb inflation and stablise macro economics.
He added that the world has had anti-inflation tools for hundreds of years and Vietnam also has these but every solution has its dark side. Thanh suggested the establishment of a think-tank on inflation and all statistics and said that all solutions should be made public.
Source: Tuoitre
