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
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Restoring names, reuniting families

    Restoring names, reuniting families

    SOCIAL AFFAIRS -
    ĐBP - Although the war ended decades ago, countless families of fallen soldiers continue to wait quietly for the day their loved ones are found, identified by name, and brought home. From faded photographs and aging death notices to memories preserved across generations, that hope has never faded.
  • 'Preserving green of forests

    Preserving green of forests

    ECONOMY -
    ĐBP - Bordering areas with vast territories, rugged terrain, obstructed transportation, and impacts from agricultural production constantly pose latent risks of forest resource encroachment. Facing these demands, the forest protection forces of Điện Biên and Lai Châu provinces have intensified coordination in forest management, protection, and fire prevention and fighting (FPFF) - contributing to maintaining forested areas and limiting forestry law violations.
  • 'Family support on path to rehabilitation

    Family support on path to rehabilitation

    SOCIAL AFFAIRS -
    ĐBP - In prisoner education and rehabilitation work, the family always serves as a vital spiritual support, helping convicts recognize their mistakes and strive to amend themselves to reintegrate into society early.
  • 'Introducing new crops into production

    Introducing new crops into production

    ECONOMY -
    ĐBP - Expanding coffee and macadamia regions, pineapple fields developing toward commercial production, and experimental models of new crop varieties are painting fresh colors across Điện Biên’s agricultural landscape. The province focuses on developing strategic crops and bringing high-economic-value crop varieties into production - contributing to elevating land use efficiency and creating sustainable livelihoods for the public.
  • 'Driving green transition: Electric vehicles on rise in Điện Biên

    Driving green transition: Electric vehicles on rise in Điện Biên

    ECONOMY -
    ĐBP - Along with the growing transition toward green energy, the use of electric vehicles in Điện Biên is increasing steadily. From electric motorcycles and cars for daily travel to electric taxis for passenger transport, eco-friendly vehicles are becoming increasingly common on local roads, helping reduce emissions, lower operating costs, and gradually foster environmentally friendly transportation habits.
  • 'Expectations from specific policies for agricultural development

    Expectations from specific policies for agricultural development

    ECONOMY -
    ĐBP - Facing requirements for agricultural restructuring toward modernity, the Điện Biên provincial People’s Council passed a Resolution at its 4th session stipulating support policies for sector restructuring toward concentrated, green, smart, and sustainable commercial production.
  • 'Supporting youth union members in economic development

    Supporting youth union members in economic development

    SOCIAL AFFAIRS -
    ĐBP - Over recent years, Youth Union executive bodies across Điện Biên province have consistently accompanied youth union members by supporting preferential credit loans, transferring scientific and technical advances, providing career orientation and job placement services, and building economic models suited to each locality’s conditions. Through practical support policies, many youth union members have boldly started businesses and enriched themselves right on their home soil.
  • 'Removing barriers from backward customs

    Removing barriers from backward customs

    SOCIAL AFFAIRS -
    ĐBP - In several highland areas of Điện Biên province, backward customs persisting through generations continue to leave numerous consequences. Ranging from home births without healthcare worker assistance and sick children not being taken to medical facilities in time, to child marriage and consanguineous marriage, these backward customs directly affect health, population quality, and stand as barriers to the sustainable development of ethnic minority areas.
  • 'New-style rural area construction in new era

    New-style rural area construction in new era

    ECONOMY -
    ĐBP - Entering the 2026-2030 period, with numerous new features in the National Criteria for New-style rural area construction (NRC), Điện Biên province drafted and issued provincial-level criteria alongside preliminary resource calculations as a foundation for localities to materialize targets and execution roadmaps - generating momentum to continuously elevate NRC quality toward practical and sustainable outcomes.
  • 'Pride in the nation’s history

    Pride in the nation’s history

    NEWS - POLITICS -
    ĐBP - On the land that witnessed a victory that “resounded across the five continents and shook the world,” every step in the growth of Điện Biên’s young generation has been nurtured by a proud tradition of patriotism and revolution. The spirit of Điện Biên Phủ continues to inspire today’s youths, motivating them to cultivate aspirations, contribute to society, and help build an increasingly prosperous homeland.
  • 'Drastically conducting site clearance for key projects

    Drastically conducting site clearance for key projects

    ECONOMY -
    ĐBP - Site clearance stands as a key bottleneck determining the progress of investment projects. In Điện Biên, local authorities are mobilizing the entire political system, stepping up propaganda and mobilization, and building public consensus to hand over construction sites, thereby accelerating the progress of key projects and creating momentum for socio-economic development.
  • 'The commander building people’s heart posture at the Fatherland’s westernmost border - Part 1: From a soldier on the battlefield to a general

    The commander building people’s heart posture at the Fatherland’s westernmost border - Part 1: From a soldier on the battlefield to a general

    NEWS - POLITICS -
    ĐBP - Attached to the Northwest region for nearly half a century, Major General Lưu Trọng Lư, former Commander of the Điện Biên provincial Military Command, left a profound mark through his commander’s mettle, leader’s vision, and above all, the heart of a Party member who consistently places the people at the core.
  • 'Creating fresh momentum for Điện Biên tourism

    Creating fresh momentum for Điện Biên tourism

    TRAVEL -
    ĐBP - Possessing immense potential and advantages in tourism resources - especially historical, cultural, and natural values, along with ethnic identities - Điện Biên is focusing on diversifying tourism products, stepping up image promotion, and building and connecting domestic and international tours and routes.
  • 'Keeping children safe starting from every family

    Keeping children safe starting from every family

    SOCIAL AFFAIRS -
    ĐBP - An exceptionally serious drowning incident that occurred on July 10, 2026, in Nâm Nung commune, Lâm Đồng province, claiming lives of five 6th-grade students, serves as yet another stark warning regarding injury risks during the summer break.
  • 'Ensuring essential goods supply during rainy season

    Ensuring essential goods supply during rainy season

    ECONOMY -
    ĐBP - Every rainy and flood season, the risks of landslides, flash floods, and inundation pose significant challenges to the transportation and circulation of goods, particularly in highland communes across Điện Biên province, directly affecting people’s daily lives. Therefore, proactively stockpiling and ensuring the supply of essential goods has been implemented early by authorities at all levels, sectors, and businesses, helping meet residents’ consumption needs under all flood-related circumstances.
  • 'Điện Biên in new space

    Điện Biên in new space

    NEWS - POLITICS -
    ĐBP - Standing at the Điện Biên Phủ Victory Monument and looking down at the Mường Thanh basin, I always experience an indescribable feeling. The landscape before my eyes is both familiar and seemingly drifting very slowly at a different rhythm.