Government is attempting to stabilize good prices, curb inflation, aiming to achieve success in resolutions for macroeconomic development and reach 6.5 percent growth, said Deputy Prime Minister Hoang Trung Hai at a conference on market stability.
The conference held by the Government and local authorities in Ho Chi Minh City on Wednesday.
Minister of Industry and Trade Vu Huy Hoang said total selling reached VND, an increase of 25.4% as compared to the same period of last year, CPI in nine first months raised 6.46%, particular in September CPI increased by 1,31% from last month.
National economy, in general, industry and trade in particular, faced plentiful challenges as prices of petrol, power, materials and imported goods rocketed up.
In addition, interest rate offered by banks was still high and businesses were difficult to reach capitals; foreign exchange was unstable, ha said.
He said that the energy shortage seriously affected production and people living conditions, and natural disaster, disease and forest fire pressed on agriculture production.
In the end of the year commodity prices are predicted to increase, he added.
The ministry has collaborated with local governments to deploy measures to stabilize goods supplies of essential products in the coming shopping season. Up to now authorities have completed plans to ensure supplies and prevent CPI from rising.
Ho Chi Minh City is one of the locals mapping market stability program sine June. The city has controlled prices of 8 products of food and subsidized 380 VND billion to 14 leading producers and retailers to take part in the program. In the coming time the 14 enterprises should ensure 30-40% market share and their products’ prices should be 10% lower than those of the same kinds in the market.
Besides cutting prices, the Ministry of Finance suggested the Government to intervene in petrol prices to the end of the year, aiming to ease price increase press on goods.
Speaking at the conference, Deputy Prime Minister Hoang Trung Hai appreciated close collaboration between ministries and locals in setting up price stabilizing program, ensuring positive growth indexes in the first nine months.
The Deputy Prime Minister also praise Ho Chi minh City’ price stabilizing program that ahs been deployed since 2000.
He agreed with suggests from the ministries of Finance and Industry and Trade and said that the Government pledged to control petrol prices.
The media should also play a role in the price stability by informing correctly what happen and avoiding causing price increase due to psychological effect.
