Supermarkets find customers hoarding goods to resell

Jul 14th at 10:32
14-07-2021 10:32:51+07:00

Supermarkets find customers hoarding goods to resell

Some customers have taken undue advantage of its price stabilization program to buy large volumes of goods and resell them at higher prices, leading supermarket chain Saigon Co.op says.

People shop at a supermarket in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

The Saigon Union of Trading Cooperatives (Saigon Co.op) said the unethical hoarding has resulted in frequent shortages of some goods, especially chicken eggs. To deal with the problem, it has had to set limits for the number of eggs each customer can buy at a time.

Similarly, supermarket chain MM Mega Market has set a maximum limit of 30 eggs per customer.

Nguyen Nguyen Phuong, vice director of the HCMC Department of Industry and Trade, told reporters Monday that over the past few days, prices at supermarkets and convenience stores have been fairly stable, but some individuals have bought groceries in large volumes for stocking and alleged reselling.

Relevant organizations have talked to the individuals about the hoarding, and if they continue their unfair practice, market management agencies would handle the issue, he said.

According to Saigon Co.op, prices of vegetables, fruits, meat, eggs, milk and rice in its supermarkets have remained unchanged, though those in the markets outside increased sharply.

Regarding goods orders placed online, Saigon Co.op has delivered over 70 percent, and it is speeding up delivery.

HCMC imposed its second 15-day citywide social distancing order starting last Friday as the current epicenter seeks to curb the spread of Covid-19.

Vnexpress





NEWS SAME CATEGORY

Radical solutions needed to restructure economy

According to the General Statistics Office under the Ministry of Planning and Investment, Gross Domestic Product (GDP) in the second quarter of 2021 increased by...

Digitalization, green growth remain key priorities for Vietnam

Pursuing green growth will help Vietnam find new driving forces for sustainable development and enhance resilience against external shocks.

European firms remain confident in Viet Nam’s long-term prospects

Despite short-term challenges, European business leaders remain confident in Viet Nam’s long-term prospects.

Australia-Vietnam Enhanced Economic Engagement Strategy set to sign in 2021

Bilateral trade turnover saw an impressive 40% growth in the first five months of 2021.

Ministry proposes reduction in insurance deposits for travel firms

The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of...

Long An suspends operations of all enterprises

The Mekong Delta province of Long An, neighboring HCMC, is being severely affected by the Covid-19 pandemic and has temporarily suspended the operations of all...

Vietnam economic recovery stays positive despite worst Covid-19 wave yet

Once Vietnam is able to contain Covid-19, the country would regain its growth momentum quickly, stated the HSBC.

Domestic resources strained under pandemic

Measures taken for tax extension and credit support for businesses in difficulties are valid under the current circumstances. However, when domestic resources are...

HCMC neighbor Long An suspends operation of all businesses

All businesses in Long An Province, an emerging industrial hub neighboring HCMC, have to temporarily suspend operations starting Monday and prepare for workers to...

Vietnam FTA portal to be upgarded

The Vietnam Free Trade Agreement Portal (FTAP) with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's...


MOST READ


Back To Top