Businesses pitch in to ease financial pressure on consumers amid COVID-19

Many members of the Food and Foodstuff Association of Ho Chi Minh City have promised not to increase the prices of goods, especially essential goods, to share consumers’ difficulties amid the COVID-19 outbreak.
Businesses pitch in to ease financial pressure on consumers amid COVID-19 ảnh 1Customers at a supermarket in HCM City (Photo: VNA)

HCMCity (VNS/VNA) - Many members of the Food and FoodstuffAssociation of Ho Chi Minh City have promised not to increase the prices ofgoods, especially essential goods, to share consumers’ difficulties amid the COVID-19outbreak.

LyKim Chi, its chairwoman, said since it broke out at the beginning of theyear in many countries, the pandemic has disrupted global supply chains andalso had an impact on domestic production.

Tosustain raw material supply, many businesses have turned to other markets suchas the Republic of Korea, Japan and Europe.

Thesupply of materials in these markets is plentiful and reliable, but prices aremuch higher.

Yet,most members of the FFA are trying to keep prices at the same levels as beforethe epidemic, even coordinating with distribution and retail systems to reduceprices, especially of essential items, she added.

NguyenThi Thanh Nhien of HCM City’s Phu Nhuan district said she recently bought someessential items like cooking oil, shower gel, shampoo, and pork at theCo.opmart supermarket on Nguyen Kiem Street, and their prices were 10,000 -50,000 VND (0.4-2.2 USD) lower than at traditional markets.

NguyenAnh Duc, general director of Saigon Co.op, said its retail chains likeCo.opmart, Co.opXtra, Co.op Food and Co.op Smiles are offering attractivepromotions on essential goods for 21 days from August 20 under its “Proud ofVietnamese Goods 2020” programme to ease consumers’ financial burden amid theCOVID-19 pandemic.

Pricesof many products like milk, meat, fish, fish sauce, fragrant rice, and morethan 20 kinds of farm produce are discounted.

FromAugust 25 Co-opmart, Co.opXtra, Co.opmart SCA and Fine Life supermarketsnation-wide will gift customers who have Saigon Co membership cardsanti-bacterial cloth masks.

Themost practical way for a retailer to contribute to the fight against thepandemic is to ensure sufficient stocks of essential goods for the next severalmonths and have plans in place to ensure regular supply of these products atthe lowest possible prices to prevent a scarcity of goods and keep pricessteady, Duc said.

Arepresentative of Big C & GO! said the supermarket has been supplyingsufficient goods at steady prices, and has worked with delivery serviceproviders to serve customers who order via its hotline, 19001880.

Retailersare transporting goods to various localities, especially Da Nang, Quang Nam andHue, and adopting measures to ensure social distancing at its stores in Da Nang.

Moderndistribution channels are supplying large volumes of medical masks,anti-bacterial cloth masks and hand sanitisers.

Retailersare also offering promotions on essential goods.

TheVietnam Dairy Products JSC (Vinamilk) and its Stand Tall Vietnam Milk Fund haveprovided 1.7 million glasses of milk to nearly 19,000 disadvantaged childrenacross the nation to help improve their resistance against COVID-19./.
VNA

See more

An overview of the meeting in Ho Chi Minh City to discuss measures to ease pressures on production and trade, and stablise the domestic market amid the escalating conflict in the Middle East. (Photo: VNA)

Measures sought to address business challenges amid Middle East conflict

Vietnam is facing a three-stage ripple effect - first on transport and fuel-dependent industries, then on sectors relying on their outputs, and ultimately on consumers. Volatility in key commodities like fuel is disrupting the entire supply chain and increasing the risk of market instability.

Workers load rice bags onto a vessel for delivery. (Photo: VNA)

PM directs tasks to accelerate 2026 export growth

During January – February, Vietnam’s total export-import value hit 155.7 billion USD, up 22.3% year-on-year. Of the total, exports were estimated at 76.4 billion USD, up 18.3%, while imports totaled 79.3 billion USD, up 26.3%.

A quick report from data analytics platform Metric shows the number of active sellers across Shopee, TikTok Shop, Lazada and Tiki has dropped to just over 602,000, marking a year-on-year decline of more than 7%. (Illustrative photo: VNA)

Higher marketplace fees weigh on online sellers

Analysts identify rising operational costs as the key factor behind the exodus. In 2025, platforms simultaneously rolled out fee hikes ranging from 10–15%, significantly increasing the financial burden on merchants.

The latest approvals underscore the growing presence of Vietnamese rice in one of the world’s most demanding markets. (Photo: VNA)

Fragrant rice deepens EU market presence

Although the volume of individual shipments remains relatively modest, industry experts say the steady flow of exports reflects stable demand in the EU for high-quality rice.

Promoting stronger foreign direct investment (FDI) inflows is considered an important solution to help drive economic growth. (Photo: VNA)

Vietnam emerges as hub for high-quality FDI

Vietnam is gradually becoming a strategic destination for high-quality global FDI. Investment flows are increasingly directed toward sectors such as high-tech manufacturing, electronics, digital infrastructure, modern logistics, and industries that are closely linked to global supply chains.

Shrimp processing for export at Huy Nam company, An Giang province. (Photo: VNA)

Fisheries sector proactively adjusts to emerging challenges

In addition to food safety regulations, the US continues to closely monitor the origin of imported seafood through the Seafood Import Monitoring Programme (SIMP) administered by the National Oceanic and Atmospheric Administration (NOAA). Requirements linked to the Marine Mammal Protection Act (MMPA) are also a major concern for businesses.