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Ho Chi Minh City strives to control prices and stabilize the market

Since April, many groups of goods Stabilization of Ho Chi Minh City is adjusted to 5 – 14% to offset the increased input costs of enterprises. Many people fear that this increase will destabilize the market. However, in fact, even after adjustment, the prices of stabilized items are 3 – 15% cheaper than the market average. Businesses are still finding ways to share with consumers.

Chicken eggs increased from 28,000 VND to 29,500 VND/10 eggs; Duck eggs from 33,000 VND increased to 35,000 VND/10 eggs… A 6% increase in the price of poultry eggs in the stabilization program of Vinh Thanh Dat Food Joint Stock Company has just been approved by the Department of Finance of Ho Chi Minh City.

Ho Chi Minh City strives to control prices and stabilize the market - Photo 1.

After adjustment, the prices of stabilized items are 3 – 15% cheaper than the market average. (Illustration image – Photo: Dan Tri)

“The price of raw materials has increased for a few months now, but the company still tries to keep it up by all means so that the price does not increase. The company carefully considered so that the price stabilized only increased by 6% compared to the previous one,” said Mr. Truong Chi Cuong. , Deputy General Director of Vinh Thanh Dat Food Joint Stock Company, said.

In addition to poultry eggs, other essential commodity groups such as poultry meat adjusted their prices by 6 – 12%, cattle meat by 2 – 3%… The increase was calculated very meticulously, many businesses stabilized. even tried to hold out a little longer.

“We registered the price of live hog as 51,000 VND/kg. Up to this point, the price of live hog is 56,000 VND/kg. We share with consumers by not adjusting the price at this time and continue to follow. monitor the market situation. If it greatly affects businesses, we will apply for an adjustment policy,” said Mr. Phan Van Dung, Deputy General Director of Vietnam Animal Industry Joint Stock Company.

“It is not because of the increase in prices of all items that we ask to increase the price, so that the price of goods will increase. The goal of the business is still how to stimulate demand, sell the most goods, and sell the goods in the market. the best food,” said Ms. Ly Kim Chi, President of the Ho Chi Minh City Food Association.

The price stabilization program of Ho Chi Minh City this year increased both in terms of the number of registered businesses and the stable volume of goods. In particular, in some commodity groups such as spices, dry food, the growth rate is from 5 to 8 times, with the volume of registered goods accounting for 25-33% of the market demand; in the peak period will ensure the supply of up to 50% of the market demand.

“The number of businesses participating in stabilizing increases, the output of goods increases. Despite the difficult situation, businesses still care, have the capacity and plan to work with the city to keep prices stable and committed to keeping prices stable. to keep prices stable for the market,” said Nguyen Nguyen Phuong, deputy director of the Ho Chi Minh City Department of Industry and Trade.

The Department of Finance of Ho Chi Minh City said that despite the price increase, the groups of stable goods still have to be 3 to 15% lower than the market.

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