Ho Chi Minh City’s 2023 market stabilization program has attracted the participation of 44 enterprises to supply food and essential goods, up three firms against 2022, according to the municipal Department of Industry and Trade.

Among these participants, 11 enterprises specialize in supplying learning products.

This year’s market stabilization program will add numerous products such as flour, seafood, fresh porridge, canned soups, some local specialties, notebooks, wrapping paper, sketchbooks, music notebooks, and cardboard.

The program features Vietnam’s leading retailers such as Saigon Co.op, Bach Hoa Xanh, Central Retail, which runs the Big C, Go!, and Tops Market supermarket chains, WinCommerce, MM Mega Market, AEON, Fahasa, and Satra.

Other large-scale production firms are Vinamilk, Nutifood, TH True Milk, Vissan, Vinh Phat, Ba Huan, San Ha, C.P Vietnam, Vinamit, Ho Chi Minh Food Company, Binh Tay, and Miliket.

The program saw the first participation of International Mix Joint Venture Company, which supplies Mikko Flour; Anh Kim Company, which makes Cay Thi Porridge; and Wincommerce, which runs the WinMart and WinMart+ chains.

The volume of products with stabilized prices this year will increase 3-5 percent against 2022, accounting for 25-43 percent of the demand in the month of the Lunar New Year holiday, or Tet.

Stabilized prices will be set after state agencies and stakeholders, such as suppliers and distributors, reach a consensus on guaranteeing the benefits of enterprises and consumers.

Starting from 2023, the market stabilization program will be deployed in line with the Ho Chi Minh People’s Committee’s Decision 4556.

Accordingly, the benefits, rights, and obligations of participating enterprises are determined, while relevant departments and agencies, and the authorities of districts and Thu Duc City are assigned to keep a close watch on market stabilization and price management.

In addition to market stabilization, various production and business supporting programs will be implemented to beef up consumption, balance supply and demand, and boost tourism.

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