Under a governmental instruction on Oct. 31, Vietnam's ministries, sectors and localities are tasked to take specific measures to curb rising prices of commodities and stabilize the domestic market in the last two months of this year, local newspaper People reported Thursday.
State officials in charge of specific fields are asked to directly instruct enterprises to actively speed up production, increase productivity, slash production cost, enhance products' competitiveness, and ensure the sufficient supply of goods with reasonable selling prices, especially food, foodstuffs, petroleum, fertilizers, steel, cement and medicines.
The Finance Ministry is required to keep on issuing government bonds in the 2007-2008 period, and coordinating with the Ministry of Planning and Investment to accelerate the disbursement of capital for state-funded investment projects and with the ministries of Industry and Trade, Construction and Health to strengthen inspection and management of prices of petroleum products, real estates, medicines, steel and gas to prevent speculation.
The government also asked ministries, sectors and localities to instruct the stronger production and preparation of goods and services slated for the upcoming Lunar New Year festival, especially food, foodstuffs, confectionery, beer, wine, clothes, publications and means of transport to prevent sudden rises in their prices before and after the festival.
The government is taking concrete measures to ensure that this year's consumer price index (CPI) will be lower than the targeted economic growth of 8.5 percent. Vietnam had CPI of 6.6 percent in 2006.
Source: Xinhua
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