Solutions to balance supply and demand, stabilize the market during the Lunar New Year 2021 in Vietnam

According to the Directive No. 15/CT-BCT, in order to ensure the balance of supply and demand of essential commodities, stabilize the commodity market at the end of 2020 and Tan Suu New Year 2021, the Ministry of Industry and Trade of Vietnam requests Departments of Industry and Trade of provinces to strictly implement:

- Monitor and evaluate the supply and demand of goods, especially essential products, those with high demand or high price fluctuations in the area over time in order to proactively have a plan or propose to the authorities measures to ensure the balance of supply and demand and stabilize the market, do not allow shortages of goods, interruption of goods sources, causing sudden price increases during the year-end and Lunar New Year holidays or in the event of an outbreak of disease;

- Actively advise the Provincial People's Committee on the plan to prepare the source of goods and reserve essential goods for people's consumption in the event of an epidemic or Tet, take measures to stabilize the market in accordance with law;

- Coordinate with State Bank branches in provinces and cities to support and connect enterprises producing and distributing essential goods for Tet with credit institutions in the area to access loans with preferential interest rates, stockpile goods to stabilize the market before, during and after Tet;

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View more details at the Directive No. 15/CT-BCT of the Ministry of Industry and Trade of Vietnam, issued on October 30, 2020.

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