Vietnam's Deputy PM pushes coordinated approach to control essential goods prices

Vietnam's Deputy Prime Minister, who chairs the relevant coordinating committee, has urged ministries and agencies to strengthen collaboration in implementing effective fiscal and macroeconomic policies aimed at controlling price pressures on essential goods.

The push for tighter price management comes as policymakers seek to rein in inflation while maintaining macroeconomic stability and ensuring key economic balances remain intact. Officials say the coordinated effort is designed to create fiscal space that can support broader economic growth while building resilience against external economic shocks.

The call reflects ongoing concerns about price volatility in critical sectors. Recent months have seen fluctuations in fuel prices, with petrol and diesel prices falling during late August adjustments, while food price movements have also influenced overall consumer price trends.

Government priorities include ensuring adequate supplies of medicines and medical equipment at reasonable prices, alongside managing broader commodity costs. The coordinated approach signals Vietnam's commitment to balancing price stability with economic growth objectives amid ongoing regional and global economic uncertainties.