Vietnam, to stabilize prices in the remaining months of this year, may ensure supply of essential products, consider tax reduction on some items, and intensify surveillance on goods' prices, local newspaper Pioneer reported Wednesday.
According to proposals by the Vietnamese Finance Ministry, the country should ensure supply of food, foodstuffs and some other essential products, remove fees on some items and services, consider reduction of import taxes on automobiles, and intensify surveillance on production costs and selling prices of some goods.
Now, the country is focusing on forecasting goods demand and supply, stabilizing prices of such essential products as petroleum, foodstuffs, fertilizers, steel, cement and medicines if necessary, and controlling the movement of capital streams among the credit and stock markets.
Vietnam's consumer price index (CPI) is estimated at 7.53 percent in the first nine months of this year, according to the country's General Statistics Office.
The country, having CPI of 6.6 percent in 2006, is striving to see this year's CPI be lower than the targeted economic growth of 8.5 percent.
Source: Xinhua
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