Vietnam seeks to retail prices stable through holidays

TN News

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The Vietnamese prime minister has issued a directive asking ministries and relevant authorities to control commodity prices, for the second time in a month .

Prime Minister Nguyen Tan Dung also ordered the State Bank of Vietnam to stabilize the foreign exchange and gold markets to curb illegal trading and hoarding,  according to a report posted on the government website.

The directive, which was released on Tuesday, came after inflation climbed to 11.09 percent in November. Consumer prices are expected to surge sharply during the holiday season, which starts this month and lasts through Tet (the Lunar New Year Festival) in February.

PM Dung said authorities need to focus on solving paperwork and credit difficulties for businesses so that they can boost production, ensuring ample supply during the Tet festival.

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