Prevent shortages and price spikes.

Việt Nam•19/12/2024

Towards the end of the year, especially during the Lunar New Year (Year of the Snake), consumer demand and shopping increase significantly. To ensure market stability and prevent shortages and price spikes, many supermarkets, shopping malls, businesses, and households in the province have stockpiled goods and prepared to meet the shopping needs of the people before, during, and after the Lunar New Year.

In order to stabilize the market, prevent shortages and price spikes, and protect consumer rights, Deputy Prime Minister Nguyen Hoa Binh, Head of the National Steering Committee against Smuggling, Commercial Fraud, and Counterfeit Goods (Steering Committee 389), issued Document No. 133/KH-BCĐ389 promulgating the Plan for a high-intensity campaign against smuggling, commercial fraud, and counterfeit goods before, during, and after the Lunar New Year of the Year of the Snake 2025.

Specifically, the Ministry of Industry and Trade is requested to direct the provincial and city-level departments of industry and trade to closely monitor market developments and the supply and demand of essential goods, especially those with high demand or significant price fluctuations in their respective areas. This is to proactively develop plans or propose measures to relevant authorities to ensure a balance between supply and demand, stabilize the market, and prevent hoarding, shortages, and disruptions in the supply chain that could lead to sudden price increases during the year-end and Lunar New Year holidays.

GO! Ha Long supermarket is implementing various promotional and discount policies to stimulate consumer demand.

Market management forces are focusing on strengthening market inspection and control and strictly handling violations related to hoarding, price listing, e-commerce, trading, transporting, and storing prohibited goods, smuggled goods, goods of unknown origin, counterfeit goods, goods infringing intellectual property rights, and substandard goods...

The Steering Committee 389 of localities directs units, functional forces, and local authorities at all levels to closely monitor the situation in their managed areas, strengthen inspection and control work, and prevent the emergence of warehouses, storage areas, and transit points for smuggled goods, counterfeit goods, substandard goods, goods infringing intellectual property rights, and activities exploiting the e-commerce environment for smuggling, trade fraud, and counterfeit goods...

Following the directives of the Deputy Prime Minister , and to meet the consumer demand during the Lunar New Year of the Year of the Snake 2025, the industry and trade sector and businesses nationwide are actively stockpiling abundant goods and maintaining stable prices. The Ministry of Industry and Trade has directed provincial and city departments of industry and trade, corporations, general companies, and industry associations to develop production and business plans, supply strategies, and measures to handle unusual market fluctuations. Simultaneously, they are strengthening market inspection and control, and handling administrative violations related to essential goods with high consumer demand during the year-end and Lunar New Year period. In particular, functional forces are closely monitoring the business activities of gasoline, liquefied petroleum gas, preventing speculation, hoarding, and unreasonable price increases; ensuring market stability to serve the needs of the people during the Tet holiday.

In Quang Ninh province, from the beginning of the fourth quarter of 2024, supermarkets, shopping malls, businesses, small traders, and household businesses have developed plans and prepared goods for the last months of the year and the Lunar New Year with a total reserve of nearly 1,300 billion VND, for essential goods for Tet, confectionery, fresh food, canned goods, beer, wine, etc. All goods are of good quality, with clear origins, diverse and attractive designs. At the same time, to ensure supply and demand, stabilize the market, and prevent hoarding and price spikes when people's consumer demand increases, the fight against smuggling, trade fraud, and counterfeit goods is also actively implemented by functional agencies in the province before, during, and after the Lunar New Year to ensure that no hotspots occur and absolutely no speculation or abnormal price increases occur.

With the involvement of relevant authorities in ensuring the supply of goods, stabilizing the market, and combating counterfeit and fake goods, consumer rights will be protected before, during, and after Tet, bringing a joyful and exciting Tet holiday to every household.

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