It is strictly forbidden to take advantage of emergency situations, natural disasters, and epidemics to increase the prices of goods and services.

On the afternoon of June 19, after the National Assembly listened to the report on explanation, acceptance and revision of the draft Law on Prices (amended) by the Standing Committee member of the National Assembly, Chairman of the Finance and Budget Committee of the National Assembly Le Quang Manh, the National Assembly voted to pass the Law on Prices (amended). Accordingly, with 92.91% of National Assembly deputies participating in the vote in favor, the National Assembly passed the Law on Prices (amended).

The Law on Prices (amended) after being absorbed and revised by the National Assembly includes 8 Chapters and 75 Articles regulating the rights and obligations of organizations and individuals trading in goods and services and consumers in the field of prices; Duties and powers of State management agencies on prices and price appraisal; State price management and regulation activities; synthesis, analysis, forecasting of market prices, price database; Price appraisal; Specialized price inspection, inspection of compliance with the law on prices and price appraisal; Implementation provisions...

Seriously take advantage of natural disasters and epidemics to increase the sale of goods and services, image 1 — National Assembly delegates voted to pass the Law on Prices (amended).

The Law on Prices (amended) passed by the National Assembly at the 5th Session has many new points to overcome some limitations and shortcomings of the current law. Regarding the scope of regulation, the law supplements regulations on price databases, accordingly: This Law stipulates the rights and obligations of agencies, organizations, individuals, and consumers in the field of prices and price appraisal; State price management and regulation activities; synthesis, analysis, and forecasting of market prices; price database; price appraisal; specialized price inspection, inspection of compliance with the law on prices and price appraisal.

The Law on Prices (amended) stipulates: Price stabilization is the implementation by competent State agencies of solutions and measures as prescribed in this Law to stabilize prices of goods and services when prices fluctuate abnormally within a certain period of time.

Supplementing regulations on valuation certificates is a document issued by valuation enterprises and branches of valuation enterprises after the completion of valuation activities to notify customers, related organizations and individuals (if any) recorded in the valuation contract about the value of the property to be valued and the main contents of the valuation report.

The Law on Prices (amended) also amends and supplements prohibited acts in the field of prices and price appraisal, such as: Spreading false and inaccurate information about the socio -economic situation, causing disruption of market information, prices of goods and services; Taking advantage of emergency situations, incidents, disasters, natural disasters, fires, epidemics to increase the selling price of goods and services inconsistent with fluctuations in total prices compared to normal conditions for profit; Signing price appraisal certificates and price appraisal reports that are not in accordance with the professional field, notification of State agencies on the field of practice permitted by price appraisal enterprises; signing price appraisal certificates and price appraisal reports when not maintaining the prescribed conditions for registration to practice price appraisal...

Seriously take advantage of natural disasters and epidemics to increase the sale of goods and services, image 2 — Delegates at the meeting.

Supplementing the tasks and powers of the People's Committees at the provincial level in proposing to the Ministry of Finance , Ministries, and ministerial-level agencies managing sectors and fields to submit to the Government for submission to the National Assembly Standing Committee for consideration and adjustment of the List of goods and services with price stabilization, the List of goods and services with prices determined and stabilized by the State; proposing to the Ministry of Finance to submit to the Government for promulgation and adjustment of the List of essential goods and services with prescribed price declaration.

The Law on Prices (amended) also provides specific regulations on price declaration, price posting, and price reference. Accordingly, the Ministry, the ministerial-level agency in charge of the sector and field, and the Provincial People's Committee shall prescribe the economic and technical characteristics of goods and services subject to price declaration.

Purpose, requirements for checking price formation factors, Law on Prices (amended) stipulates that prices of other goods and services have unusual fluctuations when there is an emergency, incident, disaster, natural disaster, epidemic or cases serving management and operation under the direction of the Prime Minister, Minister, Head of ministerial-level agency, Chairman of ministry, People's Committee of province to serve price management and operation.

The Law on Prices (amended) also specifically regulates valuation enterprises, conditions for granting certificates of eligibility to conduct valuation services; rights and obligations of valuation enterprises; valuation certificates and valuation reports; rights and obligations of valuation clients and related organizations and individuals recorded in valuation contracts; determining valuation service prices; methods for resolving disputes regarding valuation contracts.

For inspection work, it is necessary to ensure compliance with the principles prescribed in the law on inspection. The work of inspecting compliance with the law on prices and price appraisal must ensure the following principles: Implementation according to plan, or according to the direction of competent authorities or when detecting violations or signs of violations; No duplication or overlap in scope and time with state inspection and audit activities, inspection of the same field for a unit; Objective, public, transparent, within the authority, order and procedures according to the provisions of law; Limiting obstruction and influence on the activities of the inspected subjects...

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