Strengthening market control to stabilize prices

ĐBP - Recently, local authorities in Điện Biên province have been intensifying efforts to monitor and regulate the market, ensuring strict enforcement of laws and preventing price speculation, hoarding, and price hikes on essential commodities, particularly food items.

The Department of Industry and Trade has instructed the market surveillance force to strengthen monitoring of local areas, track market developments, and actively cooperate with other relevant agencies to inspect and control the market. They focus on checking prices, the origin and source of goods, product quality, and compliance with food safety regulations. The inspections also target the identification and timely handling of violations, especially the sale of counterfeit goods, smuggling, and products without clear provenance. Additionally, the authorities have been addressing hoarding, price hikes, and violations in trade promotion, including on e-commerce platforms, to stabilize the market and ensure smooth business operations for enterprises and consumers.

Market control efforts have been carried out in supermarkets, shopping centers, retail stores, and markets across the province, focusing on essential consumer goods such as food, fuel, and other basic necessities. The inspections have uncovered and addressed several cases where some traders took advantage of natural disasters to sell fake or substandard products, hoard goods, and unjustly increase prices for profit. The Department of Market Surveillance has issued an inspection plan for 2025 to ensure compliance with the law by all organizations, individuals, and businesses. They are also effectively combating intellectual property violations, the sale of contraband goods, counterfeiting, and violations related to product origin and provenance.

The authorities inspect a wholesale and retail consumer goods store in Điện Biên Phủ city.

Vũ Hồng Sơn, Director of the Department of Industry and Trade, shared that the market surveillance force in the province monitors businesses in seven key areas: trading food products under the management of the Ministry of Industry and Trade; e-commerce activities or digital technology-based trade; the alcohol industry; tobacco trading; fuel sales; pesticide products; and the electronics market.

The province covers a wide area with non-centralized production and business facilities, and smuggling, trade fraud, and counterfeit goods have become increasingly complicated, especially in the e-commerce sector. Therefore, in addition to inspection and market control, the market surveillance force is focusing on raising awareness among traders about compliance with trade laws, conducting outreach through inspections, and encouraging businesses to commit to avoiding violations.

From May 16 to June 3, the authorities conducted 58 inspections, handling 50 cases. Among these, 27 cases were fined, with 27 individuals penalized, collecting more than VND 700 million in fines for the state budget. The authorities confiscated 1,330 counterfeit cosmetics products, 39 fake branded clothing items, 2,010 packs of smuggled cigarettes, and destroyed 98kg of frozen chicken, 727 units of expired food products, 117 expired cosmetic products, and 310 food items with unknown origins.

In addition to market monitoring, the authorities have also increased efforts to educate the public about preventing counterfeit goods, items with unclear origins, and violations of intellectual property rights. To date, they have signed agreements with 129 local government offices, market management boards, and carried out direct outreach to nearly 7,000 traders, encouraging them to commit to not selling counterfeit or substandard goods.

Trần Thu Hương, a trader in Mường Thanh ward (Điện Biên Phủ city), shared: “I sell TVs, refrigerators, and household goods, sourced from reputable companies and distributors. I’ve signed an agreement to not deal in counterfeit or substandard goods.”

Through these inspections and controls, the authorities have contributed to stabilizing the market, preventing speculation, hoarding, and price hikes, especially for essential commodities like food. This has also improved the effectiveness of state management, protecting the legal rights and interests of businesses, traders, and consumers alike.

Mai Phương
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Addressing friction in private enterprise

    Addressing friction in private enterprise

    ECONOMY -
    ĐBP - Despite overall progress in administrative reform, the business community continues to voice concerns over the complexity and duration of procedures related to urban planning and construction investment.
  • 'Responsibility and trust

    Responsibility and trust

    NEWS - POLITICS -
    ĐBP - The election day of March 15 in Điện Biên province was a monumental festival for the ethnic communities in the country’s westernmost frontier.
  • 'Điện Biên tightens emission inspections for motor vehicles

    Điện Biên tightens emission inspections for motor vehicles

    SOCIAL AFFAIRS -
    ĐBP - Starting March 1, 2026, the roadmap for tightening emission inspections for motor vehicles in circulation has officially taken effect following Decision No.43/2025/QĐ-TTg by the Prime Minister. This new regulation is regarded as a significant turning point in the management of transport vehicles, shifting toward a more rigorous environmental standard.
  • 'Điện Biên leaders work at Ministry of Finance

    Điện Biên leaders work at Ministry of Finance

    NEWS - POLITICS -
    ĐBP - On March 18, at the Ministry of Finance headquarters, a working delegation from Điện Biên province led by Trần Tiến Dũng, Member of the Party Central Committee and Secretary of the provincial Party Committee, held a working session with the Ministry of Finance to evaluate the implementation of socio-economic development tasks during the first two months of 2026.
  • 'Kindness keeps visitors coming back to Điện Biên

    Kindness keeps visitors coming back to Điện Biên

    TRAVEL -
    ĐBP - With diverse natural landscapes and a wealth of historical and cultural heritage, Điện Biên holds strong potential for tourism development. But beyond its scenic beauty, the province’s appeal also lies in the warmth, friendliness and hospitality of its people. Simple acts and genuine interactions in everyday services have helped shape an image of a sincere and welcoming destination in the eyes of visitors.
  • 'Digital tools light up classrooms in Điện Biên

    Digital tools light up classrooms in Điện Biên

    SOCIAL AFFAIRS -
    ĐBP - More dynamic lessons, greater student engagement and more flexible teaching methods are among the clearest changes driven by the use of information technology in classrooms across Mường Nhé commune. The shift is gradually improving the quality of education and training in this remote border area.
  • 'All-out efforts to keep election day safe

    All-out efforts to keep election day safe

    NEWS - POLITICS -
    ĐBP - Identifying the election of deputies to the 16th National Assembly and People’s Councils at all levels for the 2026-2031 term as a major and wide-ranging political event of special significance, the Party committees and authorities of Mường Ảng commune have focused on directing and implementing all preparatory steps in a coordinated and strict manner in accordance with regulations to ensure a safe election.
  • 'Current landscape of slaughtering in Điện Biên

    Current landscape of slaughtering in Điện Biên

    ECONOMY -
    ĐBP - According to a report from the Agricultural Division under the Điện Biên provincial Department of Agriculture and Rural Development, the province currently lacks a centralized livestock and poultry slaughtering facility. Instead, there are 325 small, dispersed establishments across 38 communes and wards.