The Finance Ministry recently issued a Notice requiring the People’s Committees of cities and provinces to strengthen price management following the traditional Lunar New Year (Tet).
Hanoi (VNA) – The Finance Ministry recently issued a Notice requiring the People’sCommittees of cities and provinces to strengthen price management following thetraditional Lunar New Year (Tet), so as to achieve the goal of controllingconsumer price index below 4 percent this year.
Accordingly,prices of services under the management of the People’s Councils and People’sCommittees of cities and provinces will remain the same, including healthcheck-ups and treatment, education, environment hygiene, vehicle parking,travelling, lodging and rentals in exhibitions and shopping malls.
Theywere required to closely follow the movement of supply, demand and prices tostabilise the market, particularly daily necessities such as food.
Theministry requested strengthening inspection over compliance with regulations ontraffic safety and service prices while raising public awareness of the effortto prevent false information causing public concern.
Inthe first two months of this year, the CPI increased by 2.9 percent.-VNA
The Department of Price Management will seek to improve market analysis and forecast in order to control inflation at 4 percent, as set by the National Assembly for 2017.
Vietnam’s macro economy remained stable in the first six months of 2017 while inflation was curbed so as to reach the national steering committee on price management’s yearly target of 4 percent.
Keeping average inflation below 4 percent is achievable this year, said Deputy Prime Minister Vuong Dinh Hue during a meeting of the Steering Committee on Price Management last weekend.
Members of the Steering Committee on Price Management shared the view that CPI will grow by less than 4 percent this year, citing the positive outcomes of the first three quarters and price forecast for the last quarter.
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Illustrative image (Source: VNA) 
