HCM City (VNA) – Retail sales in Ho Chi Minh City rang in at over 567.98 billion VND (22.36 million USD) in 2024, a year-on-year rise of 11%, the municipal Department of Industry and Trade has reported.
The department said that commercial activities have continued to recover and grow. This year marks the second in a row of the city's market stabilisation programme, with participating businesses strictly adhering to regulations. The drive has so far helped prevent supply shortages and price spikes during the year. As a result, the city’s average consumer price index (CPI) for the first 11 months went up by just 3.19% year-on-year, below the national figure of 3.69%.
A representative from the department pointed out several key measures set by the sector for the months leading up to the 2025 Lunar New Year (Tet) – Vietnam’s biggest traditional festival. These include close monitoring and evaluation of supply and demand for goods, notably essential ones like rice, meat, eggs, vegetables, and others.
For items normally experiencing a surge in demand during Tet, such as confectionery and beverages, contingency plans are in place to ensure supply-demand balance and price stability, avoiding any goods shortages or price hikes.
Retailers and businesses are also being encouraged to offer more discounts and share costs to ease price pressures on consumers, especially for products under the market stabilisation programme, as well as those deemed essential. Additionally, mobile sales campaigns will be ramped up in suburban districts, outlying areas, and worker accommodations./.
HCM City’s market stabilisation programme wins support of businesses
As many as 69 enterprises in Ho Chi Minh City have engaged in the city’s market stabilisation programme this year, up 10 from the number in 2023.
