PM orders tighter price controls to curb inflation
The Prime Minister has ordered goods price watchdog to take measures to help keep inflation in line with the government's target in the final months of 2026.
Prime Minister Nguyen has directed the price watchdog to implement stricter controls to curb inflation in the final months of 2026. Deputy Prime Minister Nguyen Van Thang has signed a dispatch authorizing enhanced price management and administration to meet this objective. To proactively tackle price management issues and maintain an average consumer price index (CPI) close to 4.5 percent, the Prime Minister emphasized that any necessary price hikes must be carefully evaluated.
Decisions regarding timing and the extent of adjustments should be based on a comprehensive assessment of cost factors, consumer affordability, socioeconomic conditions, and inflation-control requirements. For 14 provinces, including Son La, Tuyen Quang, Thai Nguyen, Gia Lai, Hue City, Tay Ninh, Khanh Hoa, Ca Mau, Da Nang, Hanoi, Ho Chi Minh City, Vinh Long, Dong Thap, and Dak Lak, the Prime Minister ordered the immediate development and implementation of targeted price management measures.
These measures should focus on goods and services experiencing significant price surges and those with a substantial impact on the CPI and people's livelihoods. The Prime Minister also instructed these regions to maintain their CPI levels within the target range during the remaining months of 2026, contributing to the nation's overall inflation-control goals.
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