HA NOI — Strict punishment was necessary to stop speculation, illegal price rises and to prevent deliberate rumours having a negative impact on domestic markets.
This was one of the suggestions made at an online meeting yesterday chaired by the deputy Prime Minister, Hoang Trung Hai.
According to ministries and agencies, gold and dollar price hikes are often attributed to the increased efforts by domestic speculators.
Hai required the Ministries of Industry and Trade , and Finance to review and supplement regulations to handle any acts of speculation, price increase and trade fraud.
Inspections were also needed to deal with any unusual phenomenon on the share and gold markets.
Hai said the media should help disseminate State policies on trading to help prevent rumours.
Plenty of supply
According to the Ministry of Industry and Trade, from now to the end of January there should be plenty of essential commodities.
In Ha Noi and HCM City, a series of price stabilisation programmes have been conducted with financial support from the State.
Deputy Minister of Agriculture and Rural Development Bui Ba Bong said there would be no pressure on the supply of rice as harvest time was near and businesses had plenty of reserves.Source: vnagency.com.vn
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