The workshop reviews 20 years of the market stabilization program in Ho Chi Minh City on October 21, 2022

At Friday’s workshop to review 20 years of the program, the program was forecast to earn 900,000 USD this year while the prices of stabilized items are 5 to 10% lower than the market price.

The program has helped balance goods supply and demand, prevent  the shortages of goods, and curb inflation, resulting in the city’s CPI lower than national average.

To improve the effectiveness of the program, Ho Chi Minh City has increased regional links to gain a larger source of supply and strictly control food quality and safety.

The program’s list of goods needs to be expanded in terms of both quantity and quality, said Ly Kim Chi, Chairwoman of the municipal Food Association.

“The program has helped us increase the amount of goods in traditional markets, restaurants, hotels, and schools. These are the channels to have more goods with stabilized prices while consumers have greater opportunities to use these items,” said Chi.