On May 30, the Prime Minister issued Directive 15 to enhance compliance with pricing laws. The directive emphasizes the importance of disseminating the Pricing Law and its guiding documents to government officials and businesses. It calls for a review of pricing-related legal documents and the issuance of new ones, ensuring they are up-to-date and streamlined.
The directive aims to ensure fair pricing practices. Image: MINH TRÚC |
The directive also focuses on state pricing, urging ministries and localities to ensure that state-regulated prices are in line with market rates. This includes services transitioning to market-based pricing, such as electricity, healthcare, domestic air travel, and textbooks. A thorough review of cost factors and price adjustments is necessary to avoid inflationary pressures.
Additionally, the directive emphasizes the need for transparency in pricing information and strengthened inspection and supervision to prevent price manipulation and unreasonable price increases. Violations, such as false price declarations, non-declaration, unclear price displays, or selling above declared prices, will be strictly handled.
MINH TRÚC
– 3:03 PM, May 30, 2025
Subdue Property Speculation with Taxation
“Low real estate transfer taxes are enabling speculations and price inflations to persist.”
“Tax Unused Land and Property Soon”
The Ministry of Finance is urged to research and implement a tax policy on idle land and residential properties. This includes taxing land price differentials and establishing a mechanism to address non-transparent transactions.
The Mobile Trial: Exposing the ‘Inflated’ Land Auction Scandal in Hanoi, Valued at a Whopping 30 Billion VND per Square Meter
The Hanoi People’s Court has announced that it will be opening a trial to prosecute six defendants involved in a land auction scandal that took place three months ago in Soc Son District. The scandal involved inflating land prices to an astonishing 30 billion VND per square meter.
The Million-Dollar Pho: Deputy Prime Minister Calls for Transparent Pricing
Emphasizing the importance of “displaying prices and selling at those displayed prices,” Deputy Prime Minister Ho Duc Phoc cited the story of a bowl of pho costing up to VND 1 million and cases of business licenses being revoked due to violations in selling goods.
The Real Estate Market Manipulation: How Ho Chi Minh City is Tackling the Issue
The Ho Chi Minh City authorities have instructed departments to scrutinize the legal status, conditions, and public information of real estate properties entering the market with unusual price hikes. This proactive measure aims to prevent profiteering and market disruptions by ensuring transparency and compliance in the real estate sector.
