New law governs price control measures

The National Assembly passed the Law on Prices on June 20, designating a list of 11 types of goods subject to price stabilisation or subject to prices/rates set by the State, e.g., electricity and petrol and groundwater. Under the law, enterprises shall at their own discretion decide the price list, compete on prices, but still being controlled of the State. In comparison with the 2002 Ordinance on Pricing, the Law on Prices has extended the scope of price assessment. The law takes effect next January 1.

http://english.vietnamnet.vn/en/business/25015/business-in-brief-20-7.html

 

Category: Legal