THE MNISTRY OF FINANCE

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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 1079/QD-BTC

Hanoi, May 20, 2014

 
 

DECISION

on measure application to stabilize the prices of dairy products for infants under 6

Pursuant to the Law on Price No. 11/2012/QH13 dated 20 June 2012;
Pursuant to Decree No. 177/2013/ND-CP dated November 14, 2013 of the Government detailing and guiding a number of articles of the Law on Price;
Pursuant to Decree No. 215/2013/ND-CP dated December 23, 2013 promulgated by the Government on regulating rights, functions, responsibilities and organization structure of the Ministry of Finance;
Complying with Decree No. 29/NQ-CP dated May 02, 2014 promulgated by the Government’s regular session in April 2014;
After considering the suggestion made by the Ministry of Justice in Official Dispatch No. 2270/BTP-PLDSKT dated 12 May 2014, and by the Ministry of Industry and Trade in Official Dispatch No. 300/BCT-TTTN dated 12 May 2014;
At the proposal of the Department of Price Management,
DECIDES:
Article 1. To stabilize the prices of dairy products for infants under 6  (hereinafter collectively referred to as dairy product) by taking following measures: 
1. Managing the maximum price as regulated at Point 7, Article 17 of the Law on Price for dairy product within the period of 12 months as of this Decision’s effective date.
2. Implementing measures to apply for the price registration as mentioned at Point 4, Article 17 of the Law on Price for dairy product within the period of 6 months as of this Decision’s effective date.
Article 2. The maximum price of dairy product regulated as follows:
1. Maximum wholesaling price:
a) Issuance of maximum wholesaling price for 25 dairy products as listed in the Appendix
b) Based on the maximum price of 25 dairy products regulated at Point a of this Clause, those organizations and individuals manufacturing and trading dairy product (hereinafter referred to as organization and individual) shall assume their liability to determine the maximum price in accordance with following instructions:
- With respect to other dairy products being currently sold on market, organization and individual shall have to refer to the regulation on general pricing method applied for commodity and services issued by the Ministry of Finance, and compare the price of such dairy products with that of those dairy products that have been already publicly fixed with the maximum price in order to define their own maximum price, for submission to the competent price management authorities.