Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates

Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Gov’t to keep tabs on prices of key products   2008-11-18 - Thanh Nien

The Ministry of Finance will control the prices of 15 essential goods, including rice, steel, fuel, gas and fertilizer, to stabilize the market when there is excessive volatility.



According to a statement on the government’s website Monday, the ministry will carry out measures to stabilize the market if necessary, especially in case of natural disasters, fires, epidemics, economic crises or monopoly price fixing.

The measures include adjusting supply and demand, selling national reserves and financial measures to lower prices if they rise by 15 percent or more or if the surge lasts for 15 days or more.

The other products on the list are cement, rail fares, salt, milk, sugar, animal feed, pesticides, and veterinary medicines.

Other news

Banks considering collecting ATM fees, again   2008-11-18

Petrol price cut can’t help Index   2008-11-18

HCMC, Hanoi slump affect OTC market   2008-11-18

Formosa eyes $15-bil. petrochemical complex in Vietnam   2008-11-18

BUSINESS IN BRIEF 18/11   2008-11-18

Forecast: more money to be put in stocks   2008-11-18

Major power projects almost done   2008-11-18

Shipbuilders get advice on staying afloat   2008-11-18

Rushing to learn for real estate practice certificates   2008-11-18

Unsuitable gold management policy wasting money: experts   2008-11-18

Fears, new listings weigh on market   2008-11-17

PetroVietnam may join Asia gas pipeline   2008-11-17

Export tax a double whammy for wood processors   2008-11-17

Vietnam walks a tightrope between inflation and downturn   2008-11-17