The draft report proposes amendments to the Price Law to institutionalize the policies of the State, ensuring the normal, continuous, and smooth functioning of agencies, avoiding overlaps or gaps in functions and tasks, while not affecting the lives of people and businesses. This includes content related to price stabilization.
The responsibility for implementing price stabilization will be delegated to the commune level
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According to the Ministry of Finance, for the state’s price stabilization activities, the Price Law of 2023 clearly defines the competence of the Government, ministries, and provincial People’s Committees in organizing and implementing price stabilization.
Regarding price stabilization when an authorized agency declares an emergency, accident, disaster, natural calamity, epidemic, or abnormal fluctuations in the market price range of goods and services within the local scope, the departments managing the industries and fields of price-stabilized goods and services will take the lead in advising and submitting it to the Department of Finance for synthesis and presentation to the Provincial People’s Committee for decision.
Based on this, the responsibility for organizing the implementation lies with the departments, branches, district-level People’s Committees, and the delegation of the Provincial People’s Committee.
The commune-level government is responsible for implementing price stabilization.
Following the model of a two-tier local government, the Government has included in the amendment of Decree No. 125 dated June 11, 2025, a transfer of responsibility for organizing the implementation of price stabilization from the district-level People’s Committees to the commune-level People’s Committees.
To ensure consistency in the legal system and avoid legal gaps when Decree No. 125 expires after February 28, 2027, the Ministry of Finance proposes to amend the Price Law of 2023, transferring the responsibility for organizing the implementation of price stabilization from the district-level People’s Committees to the commune-level People’s Committees.
Regarding specialized inspection and examination of price compliance, price verification, and valuation, the Ministry of Finance recently concluded the inspection of ministries to reorganize them into departments of inspection, handling of denunciations, complaints, and anti-corruption, anti-waste, and negativity under the Government Inspectorate. Therefore, it is necessary to amend the provisions of the Price Law to suit the tasks and powers of the inspection agency.
In this amendment, the Ministry of Finance has proposed solutions to facilitate enterprises in valuation through the reduction and simplification of business conditions.
Accordingly, the Ministry of Finance recommends removing the requirement of “having full civil act capacity” and the requirement that “valuation enterprises must be established and registered for the business line of valuation services under the Law on Enterprises” in the 2023 Price Law.
At the same time, the provisions on the capital structure in valuation enterprises have been clarified, whereby for an LLC with two members or more or a joint-stock company, the total capital contribution of the members or shareholders who are valuers registered for the profession at the enterprise must account for more than 50% of the charter capital.
The draft also amends and supplements the list of goods and services with state-set prices. Notably, the authority to set prices for natural gas transportation services through pipelines and services for the storage, re-gasification, transportation, and distribution of liquefied natural gas for power production is assigned to the provincial People’s Committees.
The Ministry of Finance proposes to add services using infrastructure in industrial parks and economic zones invested with state budget capital to the list of state-priced items, with the authority belonging to the provincial People’s Committees.
Minh Chiến
– 10:52 23/08/2025
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