Vietnam's Price Control to Hit Businesses

Vietnam's decision to slap price controls on foreign and private companies starting Oct. 1 could make the country a less attractive place to do business, reports the Wall Street Journal.

 

The Journal notes that the new measure would enable the Vietnamese government to intervene and impose controls if it believes that prices are becoming too steep, thereby containing inflation.

 

Products covered by the new policy include cement, steel, liquefied petroleum gas, commercial water, fertilizers and animal vaccines. Other goods include salt, infant milk, sugar, rice, animal feeds, coal, paper, textbooks and railway fares.

 

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