Preventing hoarding and price hikes during rainy season

ĐBP - Due to the impact of prolonged heavy rains across the province, many areas have experienced landslides and significant damage to transportation infrastructure.

Some residential zones have become completely isolated, severely affecting the circulation of goods, particularly in communes such as Xa Dung, Tìa Dình, Phình Giàng, Mường Luân, Pú Nhi, Na Son, Tuần Giáo, Quài Tở, and Sính Phình. In response, the provincial Market Surveillance force has intensified inspections of essential goods to ensure residents in these flood-affected areas have access to daily necessities and to prevent hoarding and unreasonable price hikes.

A business owner in Phình Giàng commune signs a commitment not to hoard goods or raise prices during the rainy season.

Xa Dung is among the areas hit hardest by the floods in late July and early August. Although agricultural products have become scarce following the floods, local business households in the commune have still managed to maintain stockpiles of essential goods to meet community needs. According to Đỗ Duy Tuấn, a business owner in Xa Dung, his store carries over 200 different types of goods, including food, staple items, and daily necessities. While the disrupted transportation system has made it difficult for distributors to deliver goods during the flood season, he has committed not to hoard supplies or raise prices unreasonably.

Market Surveillance Team No.3 monitors market conditions in Xa Dung commune.

Currently, there are 365 business households operating in the communes of Na Son, Xa Dung, Tìa Dình, Phình Giàng, Mường Luân, and Pú Nhi, many of which provide essential goods for local residents. Since August 1, Market Surveillance Team No.3 has conducted market monitoring and secured written commitments from 70 businesses to avoid hoarding and price manipulation. According to Đỗ Thanh Tùng, Head of Team No.3, there have been no signs of panic buying or stockpiling among residents in the flood-affected areas. Additionally, there is no evidence of businesses exploiting the situation to hoard goods or inflate prices. The inspections have also found no instances of counterfeit or smuggled goods, nor any violations involving food safety or intellectual property rights.

Market surveillance officials inspect essential goods at a business in Mường Luân.

To closely monitor market fluctuations and detect violations promptly, the provincial Market Surveillance Department issued a directive on August 1 requiring its teams to assign personnel to be present regularly in areas that were isolated or cut off during the recent floods, especially in the communes most severely affected, including Xa Dung, Tìa Dình, Phình Giàng, Mường Luân, Pú Nhi, Na Son, Tuần Giáo, Quài Tở, and Sính Phình.

Nguyễn Minh Cường, Acting Director of the department, stated that in these areas, market surveillance teams have strengthened their oversight, closely monitoring the market and prices, with a focus on goods in high demand during the rainy season such as food, fuel, liquefied petroleum gas, medicine, functional foods, medical supplies, construction materials, rescue equipment, and clothing. Market surveillance forces are also maintaining a 24/7 duty schedule and are working in coordination with other agencies to promptly detect and handle any individual or organization attempting to exploit market volatility, caused by supply-demand disruptions due to flooding, for illicit profit.

Market Surveillance Team No.3 conducts inspections of goods in Xa Dung commune.

Thanks to proactive implementation of these measures, market stability has been maintained in flood-affected areas. This has helped prevent the exploitation of natural disasters for hoarding, unreasonable price hikes, and the sale of counterfeit or untraceable goods, as well as violations of intellectual property rights and food safety regulations.

Mai Phương
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