Prime Minister Nguyen Tan Dung has signed a decision establishing a Steering Committee for price regulation.

Deputy Prime Minister Vu Van Ninh was appointed as head of the committee, which is responsible for studying and helping the Government leader consider and approve major policies and orientations for price management in a certain period, as well as specific measures to stabilise prices for essential goods and services.

The committee will also assist the PM in directing local and municipal ministries and agencies to manage prices, serving the targets and requirements of the Government on curbing inflation and stabilising macro economy.

In addition, it will hold seminars and conferences for experts to share experience in and out of the country to improve the operational efficiency of the committee.-VNA