HCMC works with Mekong Delta provinces on market stabilization

Industry and trade departments in HCMC and 13 provinces and cities in the Mekong Delta signed a cooperation agreement on supply and demand connectivity and market stabilization at a conference in Long An province on December 19.

A view of the conference (Photo: SGGP)

A view of the conference (Photo: SGGP)

According to the agreement, they will work together to implement market stabilization solutions, speed up trade promotion to seek consumption sources for farmers and prevent goods supply and demand imbalance as well as price rocket in 2019.
They commit to intensifying cooperation and trade connectivity, broadening the group of stabilized goods, developing connection among businesses to control goods supply and assist consumption in case of fluctuations in demand and price and further market inspection and control to ensure goods quality.
Thanks to market stabilization operations, prices in the Mekong Delta have seen no large fluctuations this year. The Consumer Price Index (CPI) in the first ten months  increased 4.3 percent over the same period in 2017. It was higher than the country’s rate of 3.6 percent.
In 2018, HCMC and Mekong Delta provinces and cities have organized many supply and demand connectivity conferences, which aim to bring together distributors and producers to develop production and trading and distribution system, ensure goods supply especially necessary items to serve Tet and holidays.

By staff writers – Translated by Hai Mien

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