MINISTRY OF FINANCE
SOCIALIST REPUBLIC OF VIETNAM
Unofficial translation
Nº. 1079/QD-BTC
Independence - Freedom - Happiness
--------------Hanoi, January 20th, 2014
DECISION
ON THE APPLICATION OF PRICE STABILIZATION MEASURES FOR DAIRY PRODUCTS FOR
CHILDREN UNDER 06 YEARS OLD
MINISTER OF FINANCE
Pursuant to Law on Prices No. 11/2012/QH13 dated 20/6/2012;
Pursuant to Decree No. 177/2013/ND-CP dated 14/11/2013 of the Government detailing and
guiding the implementation of some articles of the Law on prices;
Pursuant to Decree No. 215/2013/ND-CP dated 23/12/2013 of the Government defining the
functions, tasks, powers and organizational structure of the Ministry of Finance;
Implementing Resolution No. 29/NQ-CP dated 02/05/2014 regarding Government's regular
meeting in April 2014;
After consulting with the Ministry of Justice in Official Letter No. 2270/BTP-PLDSKT dated May
12, 2014, with the Ministry of Industry and Trade in Official Letter No. 300/BCT-TTTN dated
May 12, 2014;
At the request of the Price Management Department,
DECIDES:
Article 1. Perform stabilize prices for dairy products for children under 06 years old
(hereinafter referred to as dairy products) by the following means:
1. Manage maximum price as defined in section 7 of Article 17 of the Law on Prices for dairy
products for a period of 12 months from the date of coming into force of this Decision.
2. Implement price registration under the provisions of section 4 of Article 17 of the Law on
Prices for dairy products for a period of 6 months from the date of coming into force of this
Decision.
Article 2. Maximum price of dairy products are defined as follows:
1. The maximum price for wholesale:
a) Set maximum price for wholesale of 25 dairy products at the Appendix to this Decision.
b) On the basis of the maximum price of 25 dairy products specified in point a, organizations
and individuals producing and trading dairy products (hereinafter referred to as organizations
and individuals) are responsible for determining maximum price following these guidelines:
- For other dairy products in circulation in the market, organizations and individuals based on
the valuation method prescribed for common goods and services issued by the Ministry of
Finance and compare the prices of those dairy products to those with set maximum price to
determine the maximum price and send it to the competent authorities of price management.
- For new dairy products, not yet circulating in the market, organizations and individuals based
on the valuation method prescribed for common goods and services issued by the Finance
Ministry and compare with the dairy products in circulation with set maximum prices to
determine the maximum price and send it to the competent authorities of price management.
2. Maximum price for retail:
a) The maximum price for retail stage is determined by the maximum price for wholesale plus
other related costs under the guidance of the competent authorities of price management but
cannot exceed 15 % of the wholesale price ceiling.
b) Organizations and individuals subject to retail price registration under the provisions of
Decree No. 177/2013/ND-CP dated 14/11/2013 of the Government detailing and guiding the
implementation of some articles of Law on Prices, shall base on the provisions of point a of this
clause and the guidance of the competent authorities of price management to determine the
maximum price for retail and send it to the competent authorities of price management.
3. During the application of maximum prices for dairy products (including maximum price
published in clause a, section 1 of this article), if any factors that lead to change , the price
management authorities shall base on market situations, price forming basis , production cost
of organizations , individuals , to consider adjusting prices.
Any reflection of the organizations or individual will be studied and replied by price
management authorities within 5 working days from the day all information is provided.
Article 3. Implementation of the Decision
1. Responsibilities of organizations and individuals producing and trading dairy products:
a) Base on the guidance at Point b, Clause 1, Clause 2 of Article 2 of this Decision to determine
the maximum price for wholesale, maximum price for retail, send the maximum prices to the
competent authorities of price management to be basis to implement price registration;
b) On the basis of the maximum prices sent and approved by competent authorities of price
management, register prices as stipulated in Decree No. 177/2013/ND-CP dated 14/11/2013 of
the government detailing and guiding the implementation of some articles of the Law on
Prices and guidelines of the Ministry of Finance;
c) Make public the price at the headquarters, at points of sale, to distribution channels (the
maximum price for wholesale) in accordance with regulations.
2. Responsibilities of price management agency:
a) Department of Price Management of the Ministry of Finance is responsible for :
- Guiding the implementation of this Decision;
- Acquire the maximum price proposal and price registration documents to review price
forming costs, control price registration in accordance with regulations applied to
organizations and individuals subject to price registration at the Ministry of Finance;
- Make public the maximum prices of dairy products of organizations and individuals subject to
price registration at the Ministry of Finance;
- Organize and coordinate with the competent authorities of the ministries, the lines and the
regions in the inspections of maximum price and price registration for dairy products;
- Handle, or present to competent authorities to handle, problems that arise, promptly
propose adjustments adapted to market changes in period of price stabilizing measures.
b) People's Committees of provinces and cities directly under the central government shall be
responsible for:
- Implement price stabilizing measures at the region under the guidance of the Ministry of
Finance; guide on other related costs within the maximum scope specified in Point a Clause 2
of Article 2 of this Decision;
- Following the instructions of the Ministry of Finance in the acquisition of maximum price
proposal and price registration documents , check maximum price forming cost, check price
registration under provisions of regulations applied to the organization individuals subject to
price registration within the area of jurisdiction;
- Make public maximum prices of dairy products of organizations and individuals subject to
price registration within the area of jurisdiction;
- Send monthly report on the implementation of price stabilization measures and other
relating requests to the Ministry of Finance;
- Direct market control department and other departments in charge of the inspection and
control of the implementation of price stabilization under provisions of this Decision, within
the area of jurisdiction; deal with or submit to competent authorities to deal with any
infractions.
3. Relevant ministries and lines are requested to direct and guide the concerned authorities to
coordinate with price management units in the implementation of this Decision.
4. Vietnam Committee of Fatherland Front and other member organizations of the Fatherland
Front, Vietnamese Association for Consumers’ Protection are requested, within the powers
and responsibilities of such organizations, to coordinate in the implementation of this
Decision, promptly inform the Ministry of Finance for proper reactions.
Article 4. Effect and implementation responsibilities
1. This Decision takes effect from June 1st 2014; and shall be applied no later than 10 days to
wholesale products and no later than 20 days to retail products counting from the day this
decision coming into force.
2. Director of General Directorate of Taxation, Director of General Directorate of Customs,
Director of Corporate Finance Department and the heads of relevant units of the Ministry of
Finance, enterprises, entities and individuals concerned are responsible to determine their
responsibilities for the implementation of this Decision.
In the course of implementation, any difficulties or entanglements shall be report to the
Ministry of Finance for timely reactions. / .
For the Minister
Vice minister
Tran Van Hieu
Recipients:
- Prime Minister (to report);
- Government Office;
- The ministries, ministerial-level agencies, agencies attached to the Government;
- People's Committees of provinces and cities directly under the Central Government;
- Department of Finance; Department of Trade and Industry provincial cities;
- Website Ministry of Finance;
- Vietnam Fatherland Front; Vietnam Association for Consumers’ Protection;
- The units of the Ministry;
- PC Department; Inspector of Finance;
- Archives: Archive, Price Management Department
WHOLESALE PRICE CEILING FOR 25 DAIRY PRODUCTS FOR CHILDREN UNDER 06 YEARS OLD
(Issued together with Decision 1079/QD-BTC dated 20.05.2014 of the Minister of Finance)
Calculation unit: VND/can (box)
Nº.
1
2
3
4
5
6
7
8
9
10
11
Name of the product
Calculation Unit
Maximum wholesale
Price (including VAT)
SP Dielac Alpha 123 HT 900g
Can (box)
167.000
SP Dielac Alpha Step 2 HT 900g
Can (box)
188.000
SP Dielac Alpha 123 HG 400g
Can (box)
72.000
SP Dielac Pedia 1+ HT 900g
Can (box)
278.000
SP Dielac Alpha Step 1 HT 900g
Can (box)
180.000
IMP FRISOLAC GOLD 1 400g
Can (box)
196.000
IMP FRISOLAC GOLD 1 900g
Can (box)
406.000
IMP FRISOLAC GOLD 2 900g
Can (box)
400.000
IMP FRISO GOLD 3 900g
Can (box)
365.000
IMP FRISO GOLD 3 1.500g
Can (box)
550.000
NAN Pro 3 LEB047 Tin 900g VN
Can (box)
334.000
NAN 2 BL InfMPwdr LEB011A-2 800g
12
Can (box)
328.000
VN
13 NAN 1 BL NWB019-4-S 800g VN
Can (box)
323.000
LACTOGEN 3
14
Can (box)
226.000
LCOMFORTISGoldLEB105 900gVN
NAN 2 BLInfMPwdr LEB011A-2 400g
15
Can (box)
183.000
N5 VN
16 Enfagrow A+ 3 vanilla 1.800g
Can (box)
563.000
17 Enfagrow A+ 3 vanilla 900g
Can (box)
309.000
18 Enfamil A+ 2 900g
Can (box)
363.000
19 Enfamil A+ 1 900g
Can (box)
381.000
20 Enfamil A+ 1 400g
Can (box)
187.000
21 Abbott Grow 3 900g
Can (box)
258.000
22 Grow G-Power vanilla 900g
Can (box)
360.000
Similac GainPlus IQ 900g (with Intelli23
Can (box)
405.000
Pro)
Similac GainPlus IQ 1,7kg (with
24
Can (box)
692.000
Intelli-Pro)
25 Grow G-Power vanilla 1,7kg
Can (box)
610.000
Note: The information on the quality of dairy products as registered with the competent
authorities.