Deputy Prime Minister Le Minh Khai has directed ministries, sectors, and localities to adopt measures to ensure that there is a sufficient supply of goods and to prevent price hikes during the upcoming Tet (Lunar New Year) holiday.

Addressing a meeting of the Price Management Steering Committee on December 28, Deputy Prime Minister Khai asked the State Bank of Vietnam (SBV) to adjust monetary policies under set targets together with other policies to help stabilize the macroeconomy and curb inflation.

One of the most important factors contributing to the completion of price management goals, he said, is close coordination between the Ministry of Finance and other ministries through the Price Management Steering Committee, with helpful advice provided to the government on major policies and orientations in price management during particular periods.

Various macroeconomic measures have been rolled out since the beginning of this year, including those to ensure the supply of necessities and input materials for production, along with effective gasoline price management and adjustments to tax policies to ease price pressure, he added.