The conference on price regulation is held in Hanoi on August 24, 2022 (Photo: Van Hieu/VOV)

At Wednesday’s conference on price regulation Mr. Khai said the leading factors in effective management and direction have been transparency, the combination of fiscal and monetary policies, and the active participation of ministries, sectors, and localities in stabilizing the macro economy and controlling inflation.

He said, “It’s necessary to review the impact of fiscal policies that will no longer be in effect at the end of the year and propose appropriate solutions while keeping a close watch on global oil prices in order to apply timely fiscal measures.”

Deputy Prime Minister Le Minh Khai delivers a speech at the conference. (Photo: Van Hieu/VOV)

“Meanwhile the State Bank of Vietnam needs to regulate interest rates, exchange rates, and credit in a flexible manner so as to keep inflation under control and support economic growth,” according to Mr. Khai.

Deputy Prime Minister Khai also called for better communications to ensure the timely dissemination of information about price management by the Government and the Steering Committee, especially price changes of key commodities and essential goods.