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Gov’t to keep tabs on prices of key products
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.
Thanh Nien
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