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Based on Decree 177/2013/ND-CP (amended in Decree 149/2016/ND-CP), the Ministry of Finance is drafting a Decree detailing and implementing measures for a number of articles of the Price Law. Accordingly, the Ministry of Finance has proposed the types of goods and services that will be subject to price declaration.

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Specifically, the Ministry of Finance has proposed the types of goods and services that will have their prices declared from July 1, 2024 as follows:

Firstly, the goods and services for which price declaration is implemented nationwide include:

(1) Goods and services on the list of price stabilization;

(2) For goods and services, the State sets the price frame, maximum price, and minimum price so that organizations and individuals can set specific prices to sell to consumers;

(3) Goods and services are decided by the enterprise according to reference prices;

(4) Cement, construction steel;

(5) Coal;

(6) Veterinary drugs to detoxify, disinfect, sterilize and treat diseases for livestock, poultry and aquaculture according to regulations of the Ministry of Agriculture and Rural Development;

(7) Table sugar includes white sugar and refined sugar;

(8) Table salt;

(9) Services at seaports other than goods and services priced by the State);

(10) Passenger transportation services by rail with hard seats and soft seats;

(11) Functional foods for children under 6 years old, medical equipment;

(12) Undenatured fuel ethanol;

(13) Liquefied natural gas (LNG); compressed natural gas (CNG).

(14) Telecommunications services.

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Second are specific goods and services whose prices must be declared locally (if necessary):

(1) Accommodation services;

(2) Parking service is invested with capital sources outside the state budget;

(3) Sightseeing services at tourist areas in the area (entrance tickets);

(4) Construction materials (except cement and steel).

(5)...

For this content, it is recommended that the People's Committees of provinces and centrally run cities evaluate, review and propose necessary goods and services to declare prices in the area as a basis for Summary drafting committee. The proposed content is accompanied by a specific assessment of the implementation situation and specific recommendations.

The draft Decree covers more types of goods and services, and at the same time identifies a number of subjects that will conduct local price declarations, combined with open regulations to help localities proactively make price declarations. Types of goods and services can be added to the price declaration list.

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