Nghe An ensures balance of supply and demand to stabilize the market at the end of the year and the Lunar New Year 2025

Implementing Directive No. 12/CT-BCT dated November 20, 2024 of the Ministry of Industry and Trade on implementing solutions to ensure supply-demand balance, market stabilization at the end of 2024 and the Lunar New Year 2025, on December 13, the Provincial People's Committee issued Official Dispatch No. 1134/UBND-KT directing solutions to ensure supply-demand balance, market stabilization at the end of the year and the Lunar New Year 2025.

Accordingly, the Provincial People's Committee requested the Department of Industry and Trade to closely monitor market developments, supply and demand of essential goods, especially those with high demand or high price fluctuations in the area in recent times, and proactively develop plans to implement solutions to ensure balance of supply and demand, stabilize the market, and prevent shortages and disruptions in supply, causing sudden price increases during the end of the year and Lunar New Year.

Preside over and coordinate with relevant departments, branches, sectors and units to promote the implementation of the Campaign "Vietnamese people prioritize using Vietnamese goods"; organize connection and trade promotion activities to support the consumption of safe products, foods, regional specialties and create a source of goods for Tet.

Urge businesses to actively implement Directive No. 29/CT-TTg dated August 27, 2024 of the Prime Minister on stimulating consumption, supporting production, business and developing the domestic market; Direct production and business enterprises in the area to focus on promoting production and business, proactively researching the market, developing production plans, stockpiling goods, especially essential goods for Tet, expanding the distribution network of goods; Direct units and businesses to organize markets to bring Vietnamese goods to rural, remote and isolated areas to increase accessibility for people with middle and low incomes, people in rural, mountainous areas and areas affected by natural disasters.

Directing petroleum businesses in the province to fully reserve, proactively have plans to ensure petroleum supply for the market and commit to ensuring sufficient petroleum supply in the area at the end of 2024 and Lunar New Year 2025, selling goods at the listed price, opening stores at the registered time to contribute to stabilizing the petroleum market in the area to ensure production, business and circulation of goods.

Direct, monitor, inspect and closely supervise the electricity supply of power business units in the area; develop backup plans to ensure enough electricity for production and people's daily life during the end of the year and Lunar New Year 2025; Focus on ensuring fire and explosion prevention and safety in public places, residential areas and entertainment areas.

In coordination with the Provincial Market Management Department and functional forces, localities strengthen market inspection and supervision activities, focusing on checking prices, product quality, food safety regulations, speculative acts, hoarding, unreasonable price increases, legal regulations on petroleum trading, quality inspection, measurement, and selling prices of petroleum circulating on the market.

In coordination with the Department of Culture and Sports, the Center for Investment, Trade and Tourism Promotion organizes festivals associated with healthy and economical entertainment activities in the area.

Coordinate with the Department of Information and Communications and local media agencies to provide full and timely information on the market, prices, food safety management, etc. and post it on the Industry and Trade Newsletter and the Department's website; widely promote the implementation of the Campaign "Vietnamese people prioritize using Vietnamese goods" and the law on consumer rights protection, and control false information that can cause market instability.

Coordinate with the People's Committees of districts, cities and towns to grasp and monitor the situation of goods and supply capacity at local businesses to review the balance of supply and demand of essential goods for Tet, promptly advise and propose solutions to stabilize the market.

Report on price stabilization to the Department of Finance for timely synthesis, submission to the Provincial People's Committee for consideration, decision on policies, measures, appropriate price stabilization period and assignment of implementation in case of unusual fluctuations in market prices of finished gasoline, oil products; liquefied petroleum gas (LPG) in the province.

The Provincial People's Committee assigned the Department of Agriculture and Rural Development, Department of Health, Department of Information and Communications, Department of Transport, Department of Culture and Sports, Department of Science and Technology, Provincial Market Management Department, Provincial Customs Department, State Bank - Nghe An Branch and relevant departments, branches and sectors based on their assigned functions and tasks to well perform the work of balancing supply and demand of goods, stabilizing prices of goods under their management.

People's Committees of districts, cities and towns shall preside over the organization, management, inspection and supervision of the organization of festivals associated with healthy and economical entertainment activities in the area...