City aims to stabilize prices, control inflation in remaining
The HCM City government assigned relevant agencies to impose
strict sanctions on any one who has speculated on goods or started releasing
false rumors in order to boost prices.
The Department of Industry and Trade is asked to regularly
control the market in order to discover and fine traders who sell goods at
higher prices, especially those in manufacturing or trading 14 main consumer
The department will cooperate with the Institute of Economics to
compile a plan on wholesale and retail and supply of the main consumer goods
during Tet (lunar new year) 2009, and make a report on businesses�
difficulties in capital, bank interest and foreign currency exchange rates, and
collaborate with the Tax Bureau to advise the city government on measures to
tighten control of prices of main consumer products.
The Department of Finance will tighten control of cost estimates
for public services and products at the request of the State, review the auction
plans and costs of State-funded or State-subsidized products and services, and
guide traders of main consumer commodities on the procedures to register and
list the selling prices as ruled by law.
The Department and the HCM City Tax Bureau will instruct
manufacturers and traders to eliminate unreasonable fees and re-calculate the
production costs in order to have a reasonable selling price, and inspect saving
regular spending at State agencies and organizations.
The department will collaborate with the State Treasury to
tighten supervision of public spending at State-owned agencies and businesses,
especially for meetings, equipment purchases and basic construction investment,
and resolutely abolish spending for unreasonable purposes; and with the
Department of Planning and Investment to cut down State investment in accordance
with the Government�s order.
The Department of Investment will make a list of State-funded
projects to be halted in 2008 and a report on the investment, capital
disbursement, manufacturing and trading of businesses, and advise the municipal
People�s Committee on solutions to boost production and maintain growth.
The Departments of Construction and Finance will propose measures
to manage prices of construction materials and to develop distribution to ensure
supply resources at reasonable prices.
The Department of Health will check pharmacies and strictly fine
those violating regulations on medicine supply and prices, and announce the list
of pharmacies meeting good pharmacy practice (GPP) standards.
The Department of Agriculture and Rural Development will ensure
food safety and hygiene at wholesale markets, markets and supermarkets.
The Institute of Economics will advise the city government on
solutions to maintain prices and prevent sudden price rises.
The Department of Tax will strengthen inspection on tax and
prices in line with instructions of the General Bureau of Tax.
The Customs Bureau and the city�s Border Police will strengthen
the fight against goods smuggling and trade fraud, tighten control of import and
tax evasion and boost customs declarations in order to create favorable
conditions for importers and exporters, especially those that import input
materials for production.
The State Treasury and relevant agencies will boost capital
disbursement and payment for basic construction works and tightly supervise the
abidance of regulations on State budget saving and anti-wastefulness.
The Department of Labor, War Invalids and Social Affairs in
collaboration with relevant agencies will continue to carry out support policies
for policy and poor households.
(Translated by MT � August 18, 2008)