Vietnam Adopt Regulation to Stabilize Consumer Goods Prices
The Vietnamese Ministry of Finance Nov 16 said it will take a policy to stabilize consumer goods prices to restrict goods hoarding and speculations and to cushion impacts of epidemics, the global crisis, natural disasters, the Labor newspaper said.
The ministry will balance supply and demand by using the national goods reserves, the paper said.
If prices of goods belonging to the list keep soaring 15 per cent for 15 consecutive days will be subject to the regulation.
Any firms and companies are found violating the regulation will be administrative fined, even have licenses revoked, the paper said.
Those corporations, joint stock and limited responsibility companies with a over 50 per cent stakes held by the State will be requested to list their selling prices.
The regulation will be effective 15 days after it is publicized on official gazette. (Labor)
Vietnamese
