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

  • 'Spreading value from outstanding cooperative products

    Spreading value from outstanding cooperative products

    ECONOMY -
    ĐBP - In 2026, Điện Biên province has 3 products in agriculture and tourism recognized as outstanding cooperative products, encompassing Pha Đin ecotourism and experiential services (Pha Đin Cooperative, Quài Tở commune), Spicy fish sauce seasoned purple sticky corn (Tiến Đạt Cooperative), and Solanum procumbens tea bags (Tủa Chùa Solanum Procumbens Cooperative, Tủa Chùa commune).
  • 'Boosting modern agricultural development

    Boosting modern agricultural development

    ECONOMY -
    ĐBP - Facing requirements for agricultural restructuring toward modernity, at the recent 4th Session, the Điện Biên provincial People’s Council passed Resolution 23 on support policies for agricultural sector development toward concentrated, green, smart, and sustainable commodity production, which is expected to create new momentum, drive modern agricultural development, and elevate added value.
  • 'Promoting value of Điện Biên agricultural products

    Promoting value of Điện Biên agricultural products

    ECONOMY -
    ĐBP - Shifting crop structures linked to value chain production, forming concentrated raw material areas, and intensifying trade promotion are opening new directions for Điện Biên agriculture. Many characteristic products - such as tea, coffee, and rice - are step-by-step affirming quality, elevating value, and enhancing market competitiveness.
  • 'Racing to complete new coffee and macadamia planting season

    Racing to complete new coffee and macadamia planting season

    ECONOMY -
    ĐBP - In implementing the provincial People’s Committee’s Plan No.1850/KH-UBND on new coffee and macadamia planting, localities across Điện Biên have launched simultaneous campaigns and accelerated planting operations since late June. The newly planted areas are now being urgently completed, with efforts focused on meeting the plan within the appropriate planting season and ensuring the targets are achieved.
  • 'Vietnamese language training for students entering Grade 1

    Vietnamese language training for students entering Grade 1

    SOCIAL AFFAIRS -
    ĐBP - During early August days, across Vietnamese language enhancement classes in Điện Biên province, ethnic minority children preparing to enter grade 1 received guidance on numerous basic skills - ranging from holding pens, reading, writing, and recognizing letters to communicating and building learning habits - helping them gain confidence to step into new learning environments.
  • 'Điện Biên enriches its OCOP product portfolio

    Điện Biên enriches its OCOP product portfolio

    ECONOMY -
    ĐBP - Building on its potential and advantages, Điện Biên is stepping up the development of One Commune One Product (OCOP) products in a direction that emphasizes diversification, quality improvement and greater added value. These efforts are gradually enriching the province’s OCOP product portfolio, strengthening product brands, expanding consumer markets and contributing to rural economic development.
  • 'Party committees and local authorities enhance dialogues with people

    Party committees and local authorities enhance dialogues with people

    NEWS - POLITICS -
    ĐBP - Direct dialogues between party committees, local authorities, and the people represent a crucial solution to promote grassroots democracy and resolve emerging difficulties and obstacles directly from residential areas. Through dialogue conferences, public thoughts and aspirations are heard and answered openly, forging consensus in deploying guidelines and policies to elevate management and operational efficiency while driving socio-economic development.
  • 'Awakening the will to escape from poverty

    Awakening the will to escape from poverty

    SOCIAL AFFAIRS -
    ĐBP - Across numerous highland villages, life for many households remains filled with shortages, yet with timely companionship and support from the Party, State, and social organizations, many families have gained additional conditions to develop livelihoods.
  • 'Điện Biên delegation pays tribute to Xaysomphone Phomvihane

    Điện Biên delegation pays tribute to Xaysomphone Phomvihane

    NEWS - POLITICS -
    ĐBP - On August 10, a delegation from Điện Biên province led by Trần Tiến Dũng, Member of the Party Central Committee, Secretary of the provincial Party Committee, and Head of the provincial National Assembly Deputy Delegation, visited the Lao Embassy in Hà Nội to pay tribute and write the condolence book in memory of Xaysomphone Phomvihane, President of the National Assembly of the Lao People’s Democratic Republic.
  • 'Boosting credit growth to serve socio-economic development

    Boosting credit growth to serve socio-economic development

    ECONOMY -
    ĐBP - Amid an environment where the socio-economic context continues to maintain positive growth momentum, the banking sector across Điện Biên province plays a crucial role in supplying financial resources for production, business, and development programs.