On April 2, the Propaganda and Mobilization Commission of the Ho Chi Minh City Party Committee, in collaboration with the municipal Department of Culture and Sports, held a press conference to provide updates on socio-economic developments in the city.
The conference was chaired by Mr. Tang Huu Phong, Deputy Head of the Propaganda and Mobilization Commission, and Mr. Nguyen Ngoc Hoi, Deputy Director of the Ho Chi Minh City Department of Culture and Sports.
At the briefing, Mr. Ngo Hong Y, Deputy Head of the Trade Management Division under the Ho Chi Minh City Department of Industry and Trade, announced the Market Stabilization Program for 2026 and the 2027 Lunar New Year. The key features include a commitment to keep product prices at least 5 percent lower than prevailing market levels and to enhance quality control according to “green” standards.
The program will run for 12 months, starting on April 1, 2026 and ending on March 31, 2027, aiming to balance supply and demand, control inflation and ensure social welfare.
This year, the program continues to operate under a socialized model, without using state budget support. Participating businesses voluntarily contribute their own capital and are allowed to adjust prices flexibly if input costs fluctuate by 3 percent or more.
For the 2027 Lunar New Year, participating companies commit to maintaining stable prices for two months before and after the holiday. The program includes 66 major enterprises such as Saigon Co.op, Satra, Bach Hoa Xanh, Central Retail, and MM Mega Market.
The city is focusing on four main product groups while promoting mobile sales to industrial zones, export processing zones, and remote areas. Notably, the program introduces the “Responsible Green Tick” for the first time this year, tightening quality control across sustainable supply chains to ensure safe products with transparent origins.
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