The Ministry of Finance has proposed the embassy, now clearly the application of the new circular would violate the specific provisions of the WTO …
5 foreign ambassador in the United States, Australia, Canada, New Zealand, the European Union in Vietnam, sent a letter to the Minister of Finance and other ministries related proposal to postpone the implementation of Circular No. 122 on the management price. According to experts, the main reaction of the country to protect its dairy products in Vietnam market provisions from days 1-10, all kinds of imported milk powder for children under six years of age will have to sign signed and declared to authorities.
To limit the “low per capita income, but the world’s most expensive milk price”, the Ministry of Finance issued Circular 122 on management. Accordingly, from January 1-10, all manufacturers, trading, import declaration must be registered and milk prices. Upon registration, the company shall explain the need for change. Also, compare the formation of prices, the price of the proposed plan with the formation of prices, the price of the approved cost plan preceding; well as commodity prices in the market domestic markets of several countries in the region. Also, calculate the impact on life, society and the consumer’s income. On the basis of the explanation, the local authorities will control the price factor of the company.
According to the circular, if business units made unreasonable price will be suspended from the selling price is applied, requires companies to sell goods at the reasonable price according to the pricing mechanism. Where DN intentional violation, authorities will recover the difference in price unreasonable for the state budget. Even the case of serious violations, agency management will propose to the competent authority to withdraw the license business.
The Ministry of Finance said that from birth effect will force the company to prove the reasonableness of the milk market prices, limit status unreasonable price increases. The fact that the price of milk has long become a hot issue, pressing many in the media. Since per capita income in our country today are classified as low milk prices to the world’s most expensive. Moreover, from the beginning of the year, the milk has four times the price. At one point the milk price on the world market declined, but the country still increased vu vu makes consumers face distortion. However, due to our lack of management mechanism should be almost impossible to stop rising milk prices bluff.
Suggest a suspended circular: Is it reasonable?
The prospect of Circular 122 issued and preparation will have a certain impact on the price of commodities, including dairy items, new ambassador of the above countries sent a letter to the Minister of Finance sector and the related proposal to postpone the implementation of Circular No. 122 on management. According to the ambassador, the implementation of the new price mechanism from Vietnam that deviate from market-oriented mechanisms, increasing concerns about compliance with WTO commitments of Vietnam. At the same time, will not encourage new investors want to enter Vietnam and a negative impact on employment, increase the administrative burden and costs for companies (abroad) in Vietnam. In addition, to achieve the goal of fighting inflation to implement solutions.
Talking to HCMC Legal, Do Gia Phan, Vice Chairman of Consumer Protection, said the ambassador’s reaction is understandable. Since most dairy commodities of these countries have a lot in Vietnam, need to protect their quality instead. Phan said that the Ministry of Finance issued Circular 122 partially shown interest in consumer rights. At the same time, find out measures to plug loopholes that so long the business has caused people to gong supported by the change of the price too much.
Nguyen Tien Thoa, Director of Price Management Department – Ministry of Finance:
The Ministry has not received a response
After receiving the above, the Ministry of Finance has proposed embassies, businesses clearly the application of the new circular will arise a problem, violated specific provisions of the WTO … Yet , up to 10-9, the Ministry has not received any additional feedback of the parties. However, according to Mr. Phan, 1-10 to circular will take effect. Therefore, to caution the Ministry of Finance should review the signed content in the WTO accession process to see if they are in violation committed. /.