Deputy Prime Minister Ho Duc Phoc directs the management of electricity and gasoline prices.

(Dan Tri) - Deputy Prime Minister Ho Duc Phoc requested ministries, branches and localities to pay attention to developments in essential goods related to people's lives and business activities such as gasoline, electricity, rice, meat, etc.

No shortage of goods, price fever

On the morning of August 5, Deputy Prime Minister Ho Duc Phoc chaired a meeting of the Price Management Steering Committee, evaluating the results of price management and operation in the past 7 months and orienting price management work in the remaining months of this year.

The Deputy Prime Minister emphasized that price management is extremely important because if inflation is not effectively controlled, growth results will not have much meaning for people's lives and production and business activities of enterprises.

Therefore, strengthening price management and operation in a reasonable manner to promote rapid and sustainable growth is a mandatory requirement.

The Government leader requested ministries, branches and localities to pay close attention to developments in essential goods, closely related to people's lives and business activities, especially gasoline, electricity, rice, meat, etc., to prepare appropriate management and operation solutions.

The Deputy Prime Minister also noted the need to closely monitor fluctuations in domestic market prices, especially for essential consumer goods and services; proactively and flexibly take measures to regulate supply and demand and stabilize the market, in order to ensure production, meet social needs, and prevent shortages and price hikes.

The Government leader requested ministries, branches and localities to closely monitor the developments in supply and demand, and market prices of goods under their management in order to have appropriate management measures; proactively forecast and have plans to ensure supply and demand balance, especially during times when the market has high demand for essential goods.

Along with that, it is necessary to strengthen the effective implementation and supervision of price declaration and posting measures; publicize price information; and strictly handle acts of unreasonable price increases that cause market instability.

The Deputy Prime Minister also emphasized the requirement to coordinate fiscal policy with monetary policy and other policies to contribute to stabilizing the macro economy , controlling inflation, and ensuring major balances of the economy.

Deputy Prime Minister Ho Duc Phoc chaired a meeting of the Steering Committee for Price Management, evaluating the results of price management and operation in the past 7 months and orienting price management work in the remaining months (Photo: VGP).

Prices in the last 5 months of the year increased by about 3.7-4%

According to the Ministry of Finance, since the beginning of the year, the market price level has basically fluctuated according to the law. In the first quarter, prices increased at the beginning of the year due to Tet and then decreased in March according to the law after Tet.

In the second quarter, the consumer price index (CPI) increased slightly in April and May by 0.07-0.16%, then increased more in June (up 0.48% compared to the previous month) due to the increase in prices of some construction materials and gasoline prices following fluctuations in the world fuel market.

Compared to the same period last year, CPI in the first 7 months of the year is estimated to increase by 3.2-3.3%. This is an appropriate level to support economic growth in the context of resources being focused on promoting to achieve the highest economic growth.

Along with that, Vietnam's inflation is being controlled within the target limit set by the National Assembly and the Government from 4.5-5%, contributing to macroeconomic stability.

Based on the forecast, the Ministry of Finance updated the price management scenario for the last 5 months of the year to increase by about 3.7-4%. Meanwhile, international organizations forecast Vietnam's average inflation to be about 2.9-4.2%.

Deputy Prime Minister Ho Duc Phoc requested the Ministry of Construction and the Ministry of Agriculture and Environment to coordinate with provinces to have fundamental and synchronous solutions to manage the real estate market to operate healthily and in accordance with people's lives.

In the coming time, the Government leader emphasized the need to focus on synchronously implementing solutions, striving to keep the CPI at the most reasonable level to promote economic growth; by October, ministries and branches will develop a plan to manage prices of goods under their management in 2026 to have a proactive management plan.

Source: https://dantri.com.vn/kinh-doanh/pho-thu-tuong-ho-duc-phoc-chi-dao-ve-quan-ly-gia-dien-xang-dau-20250805145441738.htm