Ministry of Industry and Trade requests strict handling of hoarding and unreasonable price increases after storms

In case of natural disasters, localities need to proactively handle acts of taking advantage of the situation to speculate, hoard goods, or unreasonably increase prices, especially for food, foodstuffs, and construction materials.

The Ministry of Industry and Trade requires strict handling of hoarding and unreasonable price increases after storms.

The Department of Domestic Market Management and Development (Ministry of Industry and Trade) has just issued urgent document No. 1819/TTTN-VP dated July 21, 2025 to the Department of Industry and Trade of provinces and cities on emergency response to storm No. 3 (WIPHA).

Accordingly, the Department of Domestic Market Management and Development requested localities to direct the Market Management force to regularly monitor developments and market situations at the grassroots level, and at the same time strengthen monitoring, inspection and control activities to promptly detect and strictly handle violations of the law in the field of trade, especially for essential goods serving production, business and people's lives before, during and after the rainy and stormy season.

“In case of natural disasters, localities need to proactively handle acts of taking advantage of the situation to speculate, hoard goods, or unreasonably increase prices, especially for food, foodstuffs, and construction materials,” the document stated.

In addition, the Department of Domestic Market Management and Development requested the Department of Industry and Trade of provinces and cities to urgently develop and implement plans to reserve essential goods in accordance with the actual conditions of each locality, in which it is necessary to clearly identify the list, quantity, methods of preservation, transportation and distribution of items such as food, foodstuffs, clean water, construction materials and gasoline, in order to ensure timely supply in case of natural disasters causing division of the area.

In addition, the Department also requested the Departments of Industry and Trade of provinces and cities to coordinate with enterprises registering to reserve goods together with commune and ward authorities to operate the supply network for goods to respond to natural disasters, and regularly update and report on the supply-demand situation, prices and distribution network, ensuring smooth market management information.

daidoanket.vn

Source: https://baolaocai.vn/bo-cong-thuong-yeu-cau-xu-ly-nghiem-hanh-vi-gam-hang-tang-gia-bat-hop-ly-sau-mua-bao-post649439.html