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

  • 'Peaceful life in Huổi Lóng

    Peaceful life in Huổi Lóng

    CULTURE - TOURISM -
    ĐBP - Nestled at the foot of a mountain facing the majestic Đà River, Huổi Lóng is a highland hamlet in Tủa Thàng commune, Điện Biên province, known for its breathtaking natural scenery and rich cultural heritage of the Dao ethnic group. For travelers who enjoy exploration and cultural immersion, Huổi Lóng is a must-visit destination on any journey through the Northwestern region.
  • 'Enhancing leadership capacity and combat strength of Party organizations in the Điện Biên provincial Border Guard Command

    Enhancing leadership capacity and combat strength of Party organizations in the Điện Biên provincial Border Guard Command

    NEWS - POLITICS -
    ĐBP - The Party Committee of the Điện Biên provincial Border Guard Command currently comprises 24 grassroots Party organizations, including 7 cell branches and 17 grassroots Party committees, with a total of 52 cell branches under the Party committees. The Party Committee has 713 Party members. Strengthening the leadership capacity and combat strength of grassroots Party organizations serves as a solid foundation and decisive factor in successfully fulfilling political tasks, building strong units, and ensuring Party building within the provincial Border Guard Command.
  • 'Firmly safeguarding national sovereignty and border security

    Firmly safeguarding national sovereignty and border security

    NEWS - POLITICS -
    ĐBP - As the core and specialized force in managing and protecting national sovereignty and border security, the Điện Biên provincial Border Guard Command has consistently implemented a comprehensive range of professional border defense measures. It has also actively coordinated with provincial departments, sectors, and all levels of Party committees and authorities to ensure the firm protection of national borders and security.
  • 'Joint efforts to eliminate makeshift houses for the poor

    Joint efforts to eliminate makeshift houses for the poor

    SOCIAL AFFAIRS -
    ĐBP - In response to the emulation movement “Joining Hands to Eliminate Makeshift and Dilapidated Houses for Poor Households in Điện Biên province in 2025,” the Việt Nam Fatherland Front Committee of the province has been actively mobilizing resources to support poor households in building new homes. This contributes to the goal of eradicating makeshift and dilapidated houses for poor households across the province by 2025.
  • 'Improving training quality, building resolve and determination among new recruits

    Improving training quality, building resolve and determination among new recruits

    NEWS - POLITICS -
    ĐBP - Guided by the motto of “basic, practical, and solid training,” the Training and Mobility Battalion under the Điện Biên provincial Border Guard Command has been effectively training new recruits. The goal is to forge soldiers with strong political resolve, excellent technical and tactical skills, and enduring physical strength, ready to carry out all assigned missions with excellence.
  • 'Communal officials overcome challenge of small headquarters and large number of staffers

    Communal officials overcome challenge of small headquarters and large number of staffers

    SOCIAL AFFAIRS -
    ĐBP - Following the administrative merger, most communes in Điện Biên province have faced significant difficulties regarding facilities and working conditions, headquarters are cramped and inadequate. Nevertheless, commune-level officials have made great efforts to overcome these obstacles, flexibly organizing and arranging workspaces to ensure smooth operation of the new administrative apparatus and deliver the best service to the people.
  • '“New vitality” from remote mountainous villages

    “New vitality” from remote mountainous villages

    BUSINESS -
    ĐBP - Following the motto “easy tasks first, difficult ones later,” with flexibility, creativity, and alignment with local realities, many villages in border communes across the province have now met the criteria for the new-style rural development program; some have even achieved the status of model new-style rural villages. These results have brought a “new vitality” that is transforming the face of mountainous rural areas and improving the material and spiritual lives of the people.
  • 'The dilemma of price listing at traditional markets

    The dilemma of price listing at traditional markets

    BUSINESS -
    ĐBP - Listing prices for goods and services is a mandatory requirement for all production and business entities. However, at small-scale grocery stores and traditional markets, price listing is often ignored or carried out in a superficial, perfunctory manner, lacking sincerity and failing to reflect a genuine commitment to civilized commerce.
  • 'Điện Biên relentlessly fights the “white death”

    Điện Biên relentlessly fights the “white death”

    NEWS - POLITICS -
    ĐBP - Nearly 2.5 tons of synthetic drugs, 1 ton of heroin, and a large number of related exhibits have been seized as part of Điện Biên province’s crackdown on drug crimes since the implementation of Directive No.36-CT/TW, issued by the Politburo on August 16, 2019, on strengthening and improving the effectiveness of drug prevention and control. These staggering figures reaffirm that the war against drug crime is as fierce and unforgiving as ever.
  • 'Improving quality of cooperative operations

    Improving quality of cooperative operations

    BUSINESS -
    ĐBP - The collective economy, with cooperatives at its core, remains one of the key drivers for promoting socio-economic development, especially in rural and mountainous areas. However, in reality, most cooperatives in the province are operating inefficiently, at a minimal level, with small scale, limited connectivity, and an underwhelming contribution to improving members’ income or driving local economic growth.
  • 'Vocational enrollment season begins

    Vocational enrollment season begins

    SOCIAL AFFAIRS -
    ĐBP - At this time of year, vocational colleges across Điện Biên province are entering the peak season for student enrollment. In recent years, flexible and innovative enrollment strategies, combined with efforts to improve training quality, have increasingly attracted graduating students to choose vocational education that matches their abilities and aligns with labor market demands.
  • 'Fostering spiritual and cultural strength in the defensive area

    Fostering spiritual and cultural strength in the defensive area

    CULTURE - TOURISM -
    ĐBP - In celebration of the 76th anniversary of the traditional day of the Điện Biên provincial Armed Forces (July 12, 1949 - 2025), all officers and soldiers of the provincial armed forces are actively competing to achieve outstanding results in fulfilling local defense and military duties, aiming to build a comprehensive and solid defensive area.
  • 'People’s Security Force - the silent shield

    People’s Security Force - the silent shield

    NEWS - POLITICS -
    ĐBP - Quiet and unassuming, the People’s Security Force continues day and night to confront hidden threats, waging battles of intellect and vigilance. From uncovering and countering subversive plots to safeguarding national cybersecurity, they work to prevent crime from afar and from the earliest signs, maintaining peace within the homeland.