|Deputy Prime Minister Vuong Dinh Hue speaks at the meeting.
Hue, who is also head of the Steering Committee on Price Management (SCPM), made the requirement at a SCPM meeting that took place in Hanoi on January 17.
He stressed the need to adjust power prices on a par with that of gas and coal used for electricity generation, adding that scenarios set for appropriate price allocation must be retained.
The adjustment of electricity prices must also be kept as an incentive to lure power investment inflows, he noted.
The power sector needs to foster the arrangement of production activities as well as to increase the application of advanced technologies into power production and administration, thus cutting down input costs.
Regarding consumer price index (CPI) in 2019, the Deputy PM required ministries, agencies and localities to curb the index at 3.3-3.9% within the limit of under 4% set by the Government.
He elaborated that the 2019 CPI scenario had been mapped out in the wake of making adjustments to the prices of emergency goods like petrol and pork as well as adding income structure and part of operating expenses to the prices of health care services and electricity.
As for petrol prices, Hue required the Ministry of Industry and Trade to outline price scenarios in accordance with global prices while setting forth a scheme on allocating fuel price stabilization fund and facilitating the consumption of bio-fuel.