PM asks for price rise halt

PM asks for price rise halt
Published: 02 June 2006

Vietnam’s Prime Minister, Phan Van Khai has just asked relevant ministries and government agencies not to increase the prices of principal commodities in the national economy including cement, coal and electricity in the coming time, Nguyen Kinh Quoc, spokesman of the Prime Minister, stated.  The announcement was released at a press conference on May 31 in Hanoi. 
 
At the briefing, Quoc said that PM Khai had required measures to stabilize prices of the goods at a regular government meeting in May. Currently, the top government official requested that they [related ministries and agencies] observe market price changes, as well as forecast the fluctuations of prices in order to keep the CPI under control. 
 
Before prices of key commodities are adjusted, they [ministries and agencies] have to research and build appropriate roadmaps in order not to affect production costs and the prices of related commodities.
 
 However, in the long run Vietnam should formulate long-term strategies before great pressure is exerted on the local market by global goods prices, then step by step adjust to the world market.