Promoting price stabilization models

15:38 | 20/01/2014 Trade

(VEN) - According to the Ministry of Industry and Trade, there have been more than 9,000 points of sales operating according to the price stabilization model with products such as rice, pork, chicken meat, duck meat, poultry eggs, seafood and vegetable oil, among others (90 percent of goods at these points of sale are Vietnamese goods).

Vietnamese goods are not only high in quality and competitive but also have reasonable prices. Apart from taking the initiative in technological investment to reduce costs, businesses were assisted by the campaign to construct their own price stabilization models to offer goods at a price 10 percent lower than the market’s price. This made it possible for more people especially low-income earners such as industrial zone workers and rural people to have access to high quality Vietnamese goods. Such models helped businesses develop production and trading activities and encouraged Vietnamese people to buy Vietnamese goods.

Hanoi People's Committee Deputy Chairman Nguyen Van Suu said that Hanoi is home to more than 2,200 points of sales according to the price stabilization model, of which more than 600 points of sales were opened under the city’s instruction and the remaining 1,600 points of sales were opened by businesses themselves.

Deputy Minister of Industry and Trade

Ho Thi Kim Thoa:

Four year plus after the Buy Vietnamese Goods campaign was launched, Vietnamese consumers in general have changed their consumer habits towards highly rating Vietnamese products. In many localities, 80 percent of consumers prefer Vietnamese textiles and garments and 58 percent of consumers prefer Vietnamese food and vegetables. 

The store manager, Ms Ha, at the Made in Vietnam store at 98 Cau Giay, said that the store attracted customers not only because Vietnamese goods have become the first choice for Vietnamese customers, but also goods at the store are priced 5-10 percent lower than that of product of the same kind on the market. Although spending has increased as Tet is near the store didn’t increase prices to attract customers, Ha said.

Hanoi Club of Women with Consumption Director Nguyen Thi Quynh Chi said that Vietnamese products have become more perse in range to satisfy different consumers. More and more Vietnamese products such as home appliance, shoes, clothes and milk have attracted women customers like club members, and women bought Vietnamese goods not only for them but also for their relatives abroad because the goods had reasonable prices, high quality and nice design.

High quality and reasonable prices have increased the competitiveness of Vietnamese goods. This is really significant to the development of Vietnamese goods in the domestic market on a sustainable basis even after the Buy Vietnamese Goods campaign ends /. /    

By Bao Ngoc