On the afternoon of February 6th, Deputy Prime Minister Ho Duc Phoc, head of the Steering Committee for Price Management, chaired a meeting to review price management and control work in 2024 and set directions for 2025.
Deputy Prime Minister Ho Duc Phoc - Photo: VGP
According to Deputy Minister of Finance Le Tan Can, price management and regulation are expected to face several challenges and pressures from the market, the prices of essential goods and services, and other factors.
Choose the inflation scenario of 4.15% increase.
Accordingly, three scenarios were presented: the average CPI in 2025 increased by approximately 3.83% compared to 2024; by approximately 4.15%; and by 4.5%. Price management needs to be implemented cautiously, flexibly, and proactively, focusing on removing obstacles to production and business, and stabilizing price levels.
Many ministries and agencies believe that 2025 still holds many unpredictable factors that could affect price management and regulation. Therefore, it is necessary to closely monitor the situation and prepare scenarios to respond effectively, especially to issues related to essential goods and services.
In conclusion, Deputy Prime Minister Ho Duc Phoc stated that the GDP growth target for 2025 must reach at least 8%. Therefore, the amount of money supplied to the economy will be much larger than in 2024, stimulating growth, which will affect the price index, especially consumer prices.
Of the three inflation scenarios for 2025 proposed by the Ministry of Finance, the Deputy Prime Minister suggested choosing the second scenario (average CPI increase of approximately 4.15% in 2025 compared to 2024) to decisively implement solutions.
In particular, the Law on Prices needs to be implemented immediately and seriously to maintain a healthy competitive environment and prevent price manipulation, appropriation, and price gouging.
"It is necessary to display and sell at the listed price," Mr. Phớc said, emphasizing the importance of this point, citing the story of a bowl of pho costing up to 1 million dong, or cases of businesses having their licenses revoked due to sales violations, and demanding strict enforcement.
Transparent pricing, strict penalties for violations.
According to him, the issue is not about whether something is expensive or cheap, but about transparency in pricing so that customers can make informed choices and there is healthy competition. We must prevent sellers from exploiting customers to take advantage of them.
At the same time, it is necessary to closely monitor market developments, especially the prices of strategic and essential goods, in order to have flexible scenarios and solutions. Based on that, it is essential to strictly, proactively, and diversify supply sources to prevent disruptions in the supply chain, especially for gasoline, oil, and electricity.
For goods under state management, ministries and agencies, according to their assigned functions and duties, proactively develop price control measures in accordance with market mechanisms, at appropriate levels and times.
Continue to effectively implement solutions that link production with distribution and consumption, creating a circular transit system; coordinate monetary policy with fiscal policy in a rational and harmonious manner to promote growth.
Strengthen market inspection, examination, and supervision in accordance with the law to ensure timely and effective management measures, preventing shortages and disruptions in supply that could lead to sudden price increases.
Source: https://tuoitre.vn/chuyen-bat-pho-1-trieu-dong-pho-thu-tuong-yeu-cau-minh-bach-xu-nghiem-vi-pham-gia-20250206203000959.htm
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