The Ministry of Finance is conducting a price inspection of several basic commodities, especially in big cities, in a move to prevent unreasonable price rises.
Goods under the inspection include cement, animal feed, steel, gas, fertiliser and sugar.
Deputy director of the ministry's General Department of Taxation Nguyen Van Nam said that the inspection would target large producers and traders which play an import role in deciding prices and the supply of the goods in markets including Hanoi and HCM City .
Producers and traders under first inspection would be those whose prices have already increased or have made an announcement imminent of price rises.
Deputy finance minister Tran Van Hieu said that strict fines and punishments including the withdrawal of business licences and the confiscation of goods and money would be imposed on violators.
After a price rise in electricity and petrol earlier this year, prices of many goods including dairy products, confectionery, imported food, plastic products and steel have increased 5-10 percent over the past month. Despite the increase, director of Maximark supermarket Nguyen Phuong Thao said that her supermarket had so far received notifications from nearly 100 suppliers informing them of 5-10 percent price rises next month./.
Goods under the inspection include cement, animal feed, steel, gas, fertiliser and sugar.
Deputy director of the ministry's General Department of Taxation Nguyen Van Nam said that the inspection would target large producers and traders which play an import role in deciding prices and the supply of the goods in markets including Hanoi and HCM City .
Producers and traders under first inspection would be those whose prices have already increased or have made an announcement imminent of price rises.
Deputy finance minister Tran Van Hieu said that strict fines and punishments including the withdrawal of business licences and the confiscation of goods and money would be imposed on violators.
After a price rise in electricity and petrol earlier this year, prices of many goods including dairy products, confectionery, imported food, plastic products and steel have increased 5-10 percent over the past month. Despite the increase, director of Maximark supermarket Nguyen Phuong Thao said that her supermarket had so far received notifications from nearly 100 suppliers informing them of 5-10 percent price rises next month./.
