Từ khóa: #market stabilization program

A series of summer promotion programs offering discounts of up to 5-50 percent, even up to 100 percent, has been launched by many enterprises.

Around 44 enterprises will participate in the HCMC’s Market Stabilization Program 2023 to supply food, staple food and essential goods, increasing three businesses compared to last year.

The Department of Finance of Ho Chi Minh City announced the selling prices of essential items participating in the market stabilization program in 2022 and the 2023 Lunar New Year, officially applied from April 2. Besides some products, including poultry eggs and poultry meat, that have raised their selling prices, rice, pork, and sugar keep the same selling prices compared to the market stabilization program in 2021.

Many Ho Chi Minh City-based enterprises, on the afternoon of March 31, informed that they would begin to increase the selling prices of some items from April 1.

The prices of many items, such as fruits, vegetables, cooking oil, and fresh milk, at retail points of sale and markets on March 21 increased by 15-40 percent compared to before the 2022 Lunar New Year. Delivery service also added a surcharge of VND5,000-VND15,000 per order. Meanwhile, at supermarkets and wholesale markets, prices of commodities remained stable.

 

Although the purchasing power is not expected to hike suddenly during this Lunar New Year, Ho Chi Minh City has been ready to supply tens of thousands of tons of food and foodstuff products every day to ensure consumer demand before, during, and after the Tet holiday.

There are nearly two months left until the Lunar New Year, but now the retail system has planned to stock up on goods for the peak shopping season, focusing on food and foodstuffs.

According to the Ho Chi Minh City Department of Industry and Trade, six banks and credit institutions are registered in the market stabilization program for the period 2021-2022 with a total of VND11,346 billion (US$491 million) to support businesses to prepare goods for the program.

Mr. Le Huynh Minh Tu, Deputy Director of the Department of Industry and Trade of Ho Chi Minh City, said that the supply of pork, poultry meat, and eggs for the city market would certainly not be insufficient after his first working day with key suppliers on January 20.

Evaluating the banking activities in February this year, the People’s Committee of Ho Chi Minh City said that the city’s banking industry continued to operate stably and maintain a positive growth rate, contributing to meeting the capital demand for the production and trade activities and to the economic growth of the city.