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Markets & Prices

Last updated: Thursday, September 20, 2018

 

MoIT Market Watchdog Established

Posted: Tuesday, August 21, 2018


On August 10, 2018, the Prime Minister signed Decision 34/2018/QD-TTg upgrading the Market Surveillance Agency into the General Department of Market Surveillance under the Ministry of Industry and Trade (MoIT). The decision will come into force on October 12, 2018.

The General Department of Market Surveillance is organised under a so-called vertical system from the central to local levels to ensure consistent guidance, leadership and management of the Ministry of Industry and Trade. The structure and organisation of the General Department of Market Surveillance is inherited and developed from existing watchdog bodies to ensure consistent leadership and operation, stabilise and not increase units and staffs to perform its tasks of inspecting, supervising and fighting against smuggled goods, counterfeits, prohibited commodities and disqualified goods to prevent trade fraudulence and protect consumer interests.

Its apparatus at the central level is leanly organised from the upgrade and perfection from the former Market Surveillance Agency under the Ministry of Industry and Trade. At the local level, Market Surveillance Departments under the General Department will be set up at the provincial level and district-level Market Surveillance Units will be affiliated to the Provincial Market Surveillance Departments.

H.L








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