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Price inspection teams form
The Finance Ministry has decided to establish teams to inspect price registrations and postings at 16 companies involved in the price stabilisation programme.
These companies produce or deal in essential goods covered by the programme including pharmaceutical products, dairy products, steel and construction materials, gas, fertilisers and animal feed.
The companies targeted for the coming inspections include major ones like the Quang Ngai Sugar Co., Bourbon Tay Ninh, Southern Food Corporation, Viet Nam Steel Corporation, and Ha Tien Cement Company No. 1.
According to the Finance Ministry's Price Management Department, prices of essential goods will continue to rise in the second half of November.
In the first half of November, pork prices rose by VND1,000 to VND3,000 per kilogramme; Fish of various kinds by VND5,000 to VND15,000 per kilogramme; And beef by VND5,000 per kilogramme compared with October.
Pests, bad weather and floods in central provinces, that have affected food supply, as well as ‘psychological pressure' were some of the reasons that led to price hikes, it said.
The department also forecast slight increases in the prices of sugar, steel and medicines.
Le Hung Vuong
vietnamnews
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