Some firms in Hoa Binh province engage in a programme to stabilise prices and increase consumption (Photo taken at Vincom Plaza mall in Hoa Binh city).

In addition to petrol price hike, prices of some agricultural materials like seeding and insecticides marginally increased, so did those of necessities like vegetables, meat, fish and medical supplies for COVID-19 prevention and control.

Business activities in markets in Hoa Binh city was not as boisterous as previous months, while fresh food and vegetables were not as abundant as that before Tet (Lunar New Year) holiday. Prolonged cold weather delivered a heavy blow to agricultural production, and many traders and shop owners contracted COVID-19, affecting the supply.

Besides, thousands of COVID-19 cases were reported daily, and families had to quarantine, resulting in a surging demand for food and medicine.

As COVID-19 and natural disasters are forecast to be still unpredictable, and petrol prices are on the rise, relevant agencies have been asked to closely work together in price management and market stabilisation.

Vice Chairman of the provincial People’s Committee Quach Tat Liem asked for stepping up communications, minimising impacts of price hike, and avoiding rumours that affect the market.

Relevant agencies were urged to build a programme to stabilise the market which requests distributors, wholesalers and retailers to maintain prices of pork, as well as join hands with the surveillance force to increase inspections on traders’ activities to prevent speculation.

Together with price management in all fields, the provincial People’s Committee asked for inspections of land regulation implementation and land prices in particular so as to sustain the real estate market and timely handle violations, and publicise information on land planning and roadmap, among others.

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