Businesses proactively "lock prices", share profits
Faced with the risk of fluctuating pork prices during Tet due to the impact of weather, epidemics and increased input costs, many distribution businesses and production units have proactively implemented market stabilization solutions. Reality shows that pork supply is guaranteed, selling prices are controlled, contributing to helping people feel secure in shopping during the peak period at the end of the year.
From a business perspective, Ms. Nguyen Thi Bich Van - Communications Director of Central Retail Vietnam Group - said that in the context of the end of the year, natural disasters, storms and floods diễn biến phức tạp (develop complicatedly) along with diseases in pig herds, causing pork prices outside the market to risk increasing sharply during Tet.
Understanding this difficulty, we have worked with suppliers to implement a non-profit pork program. Accordingly, the system applies non-profit to about 70 pork products, including 5 pork products familiar to consumers during Tet such as pork belly, pork ribs... These items are locked in price from now until about two weeks after Tet" - Ms. Nguyen Thi Bich Van shared.
Other large retail systems also proactively build stabilization scenarios, work early with partners to control the supply and selling price of pork during the Tet peak season.
Mr. Pham Van Trong - General Director of Bach Hoa Xanh - said that the system has worked closely with partners, coordinated with relevant units to stabilize and proactively forecast supply sources. On that basis, Bach Hoa Xanh controls selling prices, implements stabilization in accordance with the direction of the Department of Industry and Trade, especially during the peak period at the end of the year and Tet.
Wholesale market strengthens supervision
The Board of Directors of wholesale markets in Ho Chi Minh City also strengthens the role of regulating and supervising prices and goods sources to limit speculation and unreasonable price increases during Tet.
According to Mr. Nguyen Dang Phu - Deputy Director of Binh Dien Market Management and Trading Company, the unit regularly requires traders to strictly comply with regulations on price listing and sell at listed prices. The market also strengthens inspection and supervision to promptly detect and report acts of trade fraud, speculation or unreasonable price increases, protecting consumer rights.
Assessing the price movements in the market, Mr. Le Van Tien - Director of Hoc Mon wholesale market - said that live pig prices have fluctuated recently but are generally still within control. Currently, the price of type 1 live pigs is at about 74,000 VND/kg, an increase compared to the previous week and significantly higher than the previous month, but no sudden increase or price shock has occurred.
The management board of wholesale markets said that the unit continues to closely monitor market developments, regularly summarize data, and report to the Ho Chi Minh City Department of Industry and Trade to serve price management and stabilization.
Regarding food safety, wholesale markets have proactively implemented the program of socializing testing, self-spending funds to quickly test indicators such as borax, banned substances for pork and pesticide residues for vegetables and fruits.
Mr. Nguyen Nguyen Phuong - Deputy Director of Ho Chi Minh City Department of Industry and Trade - said that pork is the most important essential item in the Tet shopping basket, so the market stabilization program is specially designed with stable prices throughout the month before Tet and 1 month after Tet.
In addition to committing not to increase prices, in the days leading up to Tet, distribution systems also implement many promotional programs and deep discounts to support consumers. At price-stabilized sales points, the supply of pork is always fully guaranteed with stable prices," Mr. Phuong emphasized.
