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VietNamNews

Ministry issues circular on management of milk prices

Update: July, 18/2017 - 18:00
The Ministry of Industry and Trade has issued a new circular on milk and supplement products for children under six. — Photo baodautu.vn
Viet Nam News

HÀ NỘI — The Ministry of Industry and Trade has issued a circular on registering and declaring prices of milk and supplement products for children under six.

Under the circular, retail prices for these products must be listed and cannot exceed the prices that are registered with relevant State agencies.

The registered prices are the basis for State agencies to manage the market.

State agencies have recommended that producers and importers register their prices at suitable rates.

The circular stipulates that the Ministry of Industry and Trade will publish a list of traders who register prices. The ministry will inspect the trading locations and adjust the list annually on July 1 or on an ad hoc basis.

The provincial people’s committees will announce the list of qualified traders in their localities on July 1 each year or in unexpected cases.

Traders producing and importing dairy products must inform the registered retail prices to distributors of their products. — VNS

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