There will be new rules and methods of collecting information and reporting market prices of some domestic goods and services. (Photo: Foody.vn)Hanoi (VNA) - The Ministry of Finance (MoF) has drafted acircular on rules and methods of collecting information and reporting marketprices of some domestic goods and services.
The move aims to facilitate the synthesis,analysis and projection of commodities prices by central and local agencies, inorder to standardise information and gain a better picture of the nationalinflation situation.
The list of commodities and servicessubjected to the newly-recommended market price reporting regime includesessential commodities that can represent groups of goods and services relatingto food, construction materials, medicines and medical services,transportation, education, entertainment and tourism.
The draft recommends that the Departmentsof Finance of centrally-run cities and provinces nationwide send monthly,quarterly and annual reports on market prices of commodities in theirlocalities to the MoF’s Price Management Department.
Reports will include information on theevolution of the consumer price index (CPI) calculated within each locality,together with analysis on the status and the causes of the factors affectingCPI.
The reports also evaluate the efficiency oflocal management and administration of prices, including the price managementof some important and essential goods in the locality and the promulgation oflegal documents related to commodities’ market prices.
In addition, the reports will also forecastthe CPI and the market price situation in the next period.
In case of abnormal fluctuations in prices,the provincial and municipal Department of Finance have to make irregular reportson price fluctuations of some essential goods and services in the locality.
The commodities included in the pricereport include rice, pork, beef, chicken, fish, shrimp and seasonal vegetables(for food), cement, construction steel, sand, bricks (for constructionmaterials), car fare, bus fare, taxi fare (for transportation services),tuition fees of public kindergartens, public school fees and university fees(for education).
The Ministry of Finance is gathering publiccomments on this draft by posting the draft in the Ministry’s e-Portal.-VNA
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