To stabilize the market for essential agricultural products and foods for the Lunar New Year the Dragon 2024 in Vietnam

To stabilize the market for essential agricultural products and foods for the Lunar New Year the Dragon 2024 in Vietnam (Internet image)

The Ministry of Industry and Trade issued Directive 13/CT-BCT dated October 30, 2023, to implement solutions to ensure a balance of supply and demand, stabilize the market by the end of 2023, and celebrate the Lunar New Year of the Dragon 2024.

To stabilize the market for essential agricultural products and foods for the Lunar New Year of the Dragon 2024 in Vietnam

The Ministry of Industry and Trade directs the Departments of Industry and Trade of provinces and centrally run cities to:

- Monitor and evaluate the supply and demand of goods, especially essential goods, items with high demand or price fluctuations in the area recently to proactively have plans or propose to the authorities measures to ensure the balance of supply and demand, stabilize the market, and prevent shortages or interruptions in the supply of goods causing sudden increases in prices during the end of the year and the Lunar New Year.

- Proactively advise the Provincial People's Committee on plans to prepare supplies and reserve essential goods for Tet; deploy measures to stabilize the market according to the provisions of the law; Coordinate with the banking industry to support and connect businesses that produce and distribute essential goods for Tet with credit institutions in the area to access loans at preferential interest rates and reserve goods to stabilize the market before, during, and after the Lunar New Year.

- Coordinate with the Department of Agriculture and Rural Development and functional units to closely monitor production situation, weather developments, epidemics, and evaluate production capacity and supply of essential agricultural and food products for the market at the end of the year and the Lunar New Year; proactively have plans or propose plans to ensure supply and stabilize the market for essential agricultural products and foods at the end of the year and the Lunar New Year of the Dragon 2024.

- Preside over and coordinate with relevant Departments, Boards and branches to organize activities to connect distribution businesses and essential food suppliers, creating a source of goods to stabilize the market for Tet; Coordinate with localities to implement trade promotion activities, connecting supply and demand to support the consumption of safe food products and regional specialties combined to create a source of goods for Tet.

- Promote the implementation of activities to implement the Campaign "Vietnamese people prioritize using Vietnamese goods", the Program to bring Vietnamese goods to the countryside, industrial zones, and clusters, combined with fair programs, promotions, discounts, and consumer demand stimulation.

- Organize sales trips to rural, remote, and remote areas; prepare good sources of policy goods, support goods, and essential consumer goods for Tet to provide early and complete supply to customers. people in rural, mountainous, remote, and island areas, and pay special attention to supplying goods to areas damaged by natural disasters in sufficient quantity, at reasonable prices, and with good quality. guaranteed.

- Urge businesses to implement domestic trade promotion activities and consumer stimulation programs; There is a mechanism to prioritize and create conditions for businesses participating in the Stabilization Program to expand their goods distribution network to densely populated areas, industrial parks, suburban districts, remote areas, island areas, etc., to increase access to affordable goods for middle- and low-income people.

- Direct petroleum businesses in the area to have adequate reserves to have plans to ensure petroleum supply for the market at the end of the year and Lunar New Year; Coordinate with competent authorities to strengthen supervision and inspection of sales maintenance and implementation of legal regulations on petroleum trading, quality control, measurement, and selling prices of petroleum circulated on the market.

- Inspect, supervise, and direct power companies in the area to provide an adequate and stable electricity supply and have backup plans to supply electricity for production and people's daily activities. Focus on ensuring fire safety and prevention in public places, residential areas, and entertainment areas.

- Coordinate with the local Market Management Department to strengthen market inspection and supervision activities, focusing on checking prices and product quality, regulations on food safety, acts of speculation, hoarding, and unreasonable price increases in the area.

- Coordinate with the Department of Culture, Sports, and Tourism to organize Spring fairs and healthy, economical entertainment activities in the area.

- Coordinate with the Department of Information and Communications and mass media agencies in the area to provide complete and timely information on the market, prices, market stabilization programs, state food safety management, information on stabilized sales points, and safe food for local people; widely propagate the implementation of the Campaign "Vietnamese people prioritize using Vietnamese goods"; and control false information that can destabilize the market.

More details can be found in Directive 13/CT-BCT, dated October 30, 2023.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE