Topic: price management

Violations subject to maximum fines of $11,800.

Rising costs of material imports and sea transportation together with salary increase causing pressures on prices.

2022 inspection identifies range of legal violations.

No sudden price hikes recorded during and after Tet.

The Minister of Finance suggested on September 28 that agencies and units continue to strengthen price management and administration measures and flexibly and effectively use price adjustment tools to control inflation over the closing months of the year. The Ministry of Finance (MoF) has also suggested four solutions for price stability to the end of the year.

At a September 19 meeting of the National Assembly Standing Committee to comment on the revised Price Law, National Assembly Chairman Vuong Dinh Hue said State intervention in price management must comply with regulations and avoid infringing upon the rights of subjects. The revised Law is expected to be submitted to the National Assembly for consideration at its next meeting in October.

The Minister of Transport has issued a Circular stipulating price brackets for franchising air services, effective from September 1. Circular No. 13 applies to airport enterprises, enterprises providing aviation services at airports, and other organizations and individuals related to the franchising of aviation services at airports. The Ministry of Transport has taken on this task in place of the Airports Corporation of Vietnam (ACV).