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

  • 'Điện Biên leader inspects progress of key projects

    Điện Biên leader inspects progress of key projects

    NEWS - POLITICS -
    ĐBP - On December 18, Lê Văn Lương, Deputy Secretary of the Điện Biên provincial Party Committee, Chairman of the provincial People’s Committee, inspected the implementation progress of the Investment Project to build Si Pa Phìn Inter-level Primary and Secondary School and inspected the Envision Nậm Pồ Wind Power Plant Project and Nậm Pồ 1 Solar Power Plant Project (Si Pa Phìn commune).
  • 'Creative outreach helps forest protection policies take root

    Creative outreach helps forest protection policies take root

    ECONOMY -
    ĐBP - By renewing content and diversifying both target audiences and communication formats, the Điện Biên provincial Forest Protection and Development Fund has played an increasingly important role in spreading forest environmental policies, particularly the policy on payments for forest environmental services (PFES).
  • 'Action for gender equality and safety for girls

    Action for gender equality and safety for girls

    SOCIAL AFFAIRS -
    ĐBP - Recently, the Điện Biên provincial Women’s Union has promoted dissemination, raised awareness, and equipped women with digital skills; simultaneously replicating safe support models and mobilizing the participation of families and the community in implementing gender equality.
  • 'Turning local strengths into growth through crop restructuring

    Turning local strengths into growth through crop restructuring

    ECONOMY -
    ĐBP - Building on its natural strengths in land, climate, and farmers’ production experience, Điện Biên province is stepping up efforts to restructure its agricultural sector, with crop restructuring identified as a key priority. From areas of low efficiency farmland, many localities have proactively shifted to higher value crops better suited to the ecological conditions of each region.
  • 'Ensuring everyone has Tết holiday

    Ensuring everyone has Tết holiday

    SOCIAL AFFAIRS -
    ĐBP - When the 2026 Lunar New Year (Tết) holiday arrives and spring returns, everyone wishes to be warm and well-fed. For the people of the Điện Biên highlands, especially families with difficult circumstances, that desire is multiplied.
  • 'Looking towards National Party Congress with faith and expectation

    Looking towards National Party Congress with faith and expectation

    NEWS - POLITICS -
    ĐBP - In these days, amidst the vibrant atmosphere of labor and production emulation to achieve records welcoming the success of the 15th Điện Biên provincial Party Congress, term 2025 - 2030, officials, party members, and the People of ethnic groups in the province are looking towards the 14th National Party Congress with faith and high expectations for strategic decisions, opening a new development period for the homeland and the country.
  • 'Bringing communal Party Resolutions into life

    Bringing communal Party Resolutions into life

    NEWS - POLITICS -
    ĐBP - Immediately after the First Congress, term 2025 - 2030, commune Party Committees in Điện Biên province quickly implemented resolutions through specific, realistic programs and plans suitable for the conditions of each locality.
  • 'Điện Biên faces difficulty in mobilizing resources for vocational education development

    Điện Biên faces difficulty in mobilizing resources for vocational education development

    SOCIAL AFFAIRS -
    ĐBP - Vocational education plays a key role in building high-quality human resources, meeting socio-economic development requirements. For Điện Biên province, mobilizing resources for vocational education development faces many difficulties; implementation funding depends on the state budget, and socialization sources for investment in vocational education have not yet been mobilized.
  • 'Efficiency of crop conversion

    Efficiency of crop conversion

    ECONOMY -
    ĐBP - Transforming crop structure is not only a practical requirement for Điện Biên agricultural production but has become an important driving force helping to restructure the rural economy, increase income, reduce poverty, and form a commodity production mindset among the people.