That is the main content of the telegram that the Minister of Industry and Trade has just sent to the General Department of Market Management and functional units requesting to strengthen market inspection and supervision in the aftermath of Typhoon Yagi.
The directive was issued as typhoon No. 3 (typhoon Yagi) caused a lot of damage and could affect the domestic market situation.
The Minister of Industry and Trade requested the Director General of the General Department of Market Management and the Director of the Domestic Market Department to direct the entire Market Management force and functional units to strictly implement the directions of the Prime Minister, the Minister of Industry and Trade and the People's Committees of provinces and cities on focusing on emergency response to storm No. 3 in 2024.
Accordingly, units must closely follow market developments, promptly synthesize and report to the Ministry of Industry and Trade on fluctuations in the market of essential goods serving production, business and people's lives, especially those directly affected by storm Yagi.
Market management forces must strengthen supervision and management by area, deploy professional measures, develop plans and coordinate with functional forces to closely inspect and supervise organizations and individuals who take advantage of market fluctuations in supply and demand and commodity prices due to the impact of Typhoon Yagi or other unusual developments to make illegal profits.
“Units need to coordinate with media agencies to publicly inform about the causes and handling methods for organizations and individuals who take advantage of natural disasters or other unusual developments to make illegal profits,” the dispatch stated.
For the Market Management Departments of provinces and cities, the telegram clearly stated that they should focus on and resolutely direct management work according to locality, collect, examine, verify information, and promptly monitor and detect unusual developments in goods circulating in the market, especially for food, foodstuffs, gasoline, essential goods and goods serving construction repair, electrical and electronic repair, machinery, equipment and household appliances.
At the same time, it is necessary to immediately report to the General Department of Market Management, the Ministry of Industry and Trade as well as the People's Committees of provinces and cities the status, causes and proposed solutions for unusual fluctuations in prices, supply and demand of essential goods in the assigned management areas.
Ensure 24/7 staff to direct and coordinate with other authorities to promptly detect and handle organizations and individuals who take advantage of market fluctuations in supply and demand and commodity prices caused by storm Yagi to make illegal profits.
Minister of Industry and Trade Nguyen Hong Dien also requested units to deploy professional measures, strengthen market inspection and control, and strictly handle violations related to prices, commodity speculation, creating commodity shortages to raise prices, and illegal profiteering.
“Resolutely do not allow hoarding and price hikes to occur to ensure price stability, supply and demand of goods, especially food, foodstuffs, and essential necessities in the province and city,” the dispatch stated.
