The Ministry of Industry and Trade (MoIT) has directed its relevant agencies to closely monitor market prices and make an immediate intervention to stabilize the market after the Lunar New Year (Tet) holiday.
The Ministry of Industry and Trade (MoIT) has directed its relevant agencies to closely monitor market prices and make an immediate intervention to stabilize the market after the Lunar New Year (Tet) holiday.
Trade experts said the commodity market had sufficient inventory, meeting consumer demand during the Tet holiday which fell in late January.
MoIT statistics show total retail sales and social services in January reached VND237.5 trillion, up 2.8% compared to the previous month and up 13% against the same period last year.
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The market management watchdog fined more than 10,000 cases out of 15,000 inspected, contributing around VND20 billion to the State budget.
The ministry says it will introduce support policies to encourage businesses to bring “Made-in-Vietnam” goods to rural and remote areas and accelerate supervision and control over trade frauds and border trade activities, including the transportation and trading of counterfeit and contraband goods.
It will actively implement the “Vietnamese people use Vietnamese products” campaign and improve trade promotion efficiency at home and abroad.
The MoIT will work with the Ministry of Finance to adjust market-oriented prices of petroleum, electricity and coal so as to harmonise interests of consumers, businesses and the State.
(Source:VOV)
