market stabilization program

The Department of Industry and Trade of HCMC on April 3 announced a market stabilization program for food and essential products in 2023 and during the lunar New Year (Tet) holidays in 2024.

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.

Ms. Phan Thi Thang, Vice Chairwoman of the Ho Chi Minh City People's Committee, on October 21, chaired the seminar on 20 years of practice and solutions to improve the effectiveness of the market stabilization program in HCMC, with the attendance of experts, scientists, the business community, HCMC departments, agencies, and leaders of neighboring localities.

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.

Rice prices are climbing in the country; so, the Ho Chi Minh City Department of Industry and Trade (DoIT) requested domestic rice exporters and suppliers to increase rice in stock for domestic consumption and exports.

In its yesterday dispatch to people's committees in provinces and cities, the Ministry of Industry and Trade proposed to ensure the stabilization of rice prices and the domestic rice market.

Mrs. Nguyen Thi Le, Chairwoman of the People's Council of HCMC, asked the Department of Planning and Investment to conduct research and offer specific solutions to accelerate the pace of public investment capital disbursement.

Over the past week, retail domestic rice prices have risen by 5-15 percent, leading some individuals to engage in stockpiling. Nevertheless, distribution networks continue to uphold steady pricing, with some even introducing promotional programs.

The production and business sectors, the pillar of the economy, cannot escape the burden of borrowing costs either.

The Ho Chi Minh City People’s Committee yesterday held a press conference to provide information about socioeconomic issues and epidemic prevention and control in the city.

The retail sector in Ho Chi Minh City has achieved success with record sales in 2022.

The cooperation program on socio-economic development between Ho Chi Minh City and the Central Highlands provinces has achieved many positive results in passing time.

Recorded at many Ho Chi Minh City-based enterprises, the volume of goods supplied for the market for the upcoming Lunar New Year increased by about 10 percent year-on-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.

Several commercial centers and supermarkets in Ho Chi Minh City have been promoting the program to stimulate consumption on the occasion of National Day. Forecasts from the Department of Tourism and the Department of Industry and Trade of HCMC said that the number of visitors to enjoy and shop on this occasion would increase sharply compared to normal days.

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.