Closely monitor price fluctuations of essential consumer goods and services.

The Government Office has just issued Notice No. 459/TB-VPCP on the conclusion of Deputy Prime Minister Ho Duc Phoc, Head of the Steering Committee for Price Management, at the Steering Committee meeting on the results of price management and operation in the first 7 months of 2025, and orientation for price management in the remaining months of 2025.

In the announcement, the Deputy Prime Minister requested ministries, branches and localities, according to their assigned functions and tasks, to proactively monitor closely the price movements of strategic goods in the international market, the world economic and inflation developments affecting Vietnam to have appropriate response solutions, promptly warn of risks affecting domestic price levels; closely monitor price fluctuations in the domestic market, especially for essential consumer goods and services and important input materials for production; proactively and flexibly take measures to regulate supply and demand and stabilize the market to ensure production, meet social needs, prevent shortages and price hikes, and ensure social security.

The State Bank of Vietnam has implemented synchronous and effective solutions to manage money supply and stabilize the exchange rate between the Vietnamese Dong and the USD to reduce the cost of importing raw materials for domestic production.

From now until the end of October 2025, ministries and branches will develop a price management plan for 2026 for goods under their management and report to the Price Management Steering Committee to be proactive in management for the following year.

Ministries, branches and localities are responsible for organizing and closely monitoring the supply and demand developments and market prices of goods under their management to have appropriate management measures. Regarding gasoline and oil, the Ministry of Industry and Trade presides over and coordinates with relevant agencies to implement solutions to ensure gasoline and oil supply for the domestic market in all situations and manage gasoline and oil prices according to regulations, not to cause shortages or interruptions in gasoline and oil supply...

Regarding electricity, the Ministry of Industry and Trade directed Vietnam Electricity Group to thoroughly implement cost-saving solutions and increase production and business efficiency to optimize and reduce input costs.

For medical examination and treatment services and items subject to price adjustment, the Ministry of Health and other ministries and branches, according to their assigned functions and tasks, shall proactively review price formation factors, coordinate with statistical agencies to carefully assess the impact on the socio-economy and price levels to proactively have adjustment plans within their authority or promptly submit to competent authorities for consideration of price adjustment plans in accordance with developments.

Regarding food and foodstuffs, the Ministry of Agriculture and Environment coordinates with the Ministry of Industry and Trade and localities to closely monitor the production situation, consumer demand, and price developments of essential agricultural products such as rice, pork, and agricultural materials to prevent speculation, hoarding, and taking advantage of natural disasters and floods to unreasonably increase prices.

Regarding the price management of other important and essential commodities, ministries, branches and localities organize and closely monitor the supply and demand developments and market prices of commodities under their management to have appropriate management measures, proactively forecast and have plans to ensure balance of supply and demand, and avoid shortages and disruptions in goods sources that cause sudden price increases.

Source: https://hanoimoi.vn/giam-sat-chat-che-bien-dong-gia-ca-hang-hoa-dich-vu-tieu-dung-thiet-yeu-715257.html