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Lao gov't discusses ways to control price fluctuation

Xinhua, June 27, 2016 Adjust font size:

Lao government is seeking ways to control the fluctuation of prices of goods and the management of imported and exported goods, Lao state-run news agency KPL reported Monday.

According to the report, the Committee of Economics, Technology and Environment, in cooperation with the Ministry of Industry and Commerce, last week organized a meeting, seeking ways to control fluctuations in price. The participants discussed how price fluctuations affect the sales of some products.

The report said some products, such as electricity, petroleum, fish and meat, are much less affected by rises in prices, while the prices of some other goods including coffee and coffee beans, cassava, rubber and others continue to decrease.

Participants also learned about general conditions affecting prices, a strategic plan being considered to control prices for industrial cash crops, and a report on an adjustment made by the Ministry of Industry and Commerce (MoIC) concerning wood processing factories.

The strategic plan and report by the MoIC will be used as references for future work by the Committee of Economics, Technology and Environment.

The results of meeting will be reported by the Committee of Economics, Technology and Environment to the National Assembly during their monthly meeting in August. Endit