HANOI: The Finance Ministry has called for stronger price management before, during and after Tet, the Lunar New Year, to prevent abnormal fluctuations during the peak holiday period when consumer demand typically surges. Stricter enforcement against smuggling, trade fraud and counterfeit goods was also ordered, alongside tighter oversight of price listing and declaration, tax compliance and tax refunds to prevent violations that could undermine market stability. Reports on price management must be submitted to the ministry’s Price Management Department by Feb 11 to enable timely measures to stabilise the market for Tet. Seven inspection teams formed to ensure market stability ahead of Tet. Separately, the Industry and Trade Ministry has set up seven inspection teams to monitor goods supply and market stability during the Tet shopping season amid heightened risks of smuggling, counterfeit goods and price manipulation.

Source: The Star January 14, 2026 00:34 UTC