A conference summarising 20 years since the implementation of the market stabilisation programme, with discussion about the scheme's orientation for the next 10 years, took place in Ho Chi Minh City last December.
Attending the conference were Deputy Minister of Industry and Trade Nguyen Thi Thang, Chairman of Ho Chi Minh City's People's Committee Phan Van Mai, C.P. Vietnam (CPV) chairman and general director Montri Suwanposri, CPV vice president Adisak Torsakul and other city and business leaders.
In the 20 years since its implementation, the programme has made a small pivot from a focus on "price stabilisation" to "market stabilisation" with many practical solutions contributing to ensuring social security, and stabilising the supply and price of essential goods.
CPV has been a part of the market stabilisation initiative for more than half of its existence. The company's product ecosystem, which is produced using the closed 3F Plus model, is quite diverse. CPV's food processing factories meet the strict criteria and export standards of high-end markets such as Japan and Europe. Therefore, CPV can deliver high-quality food at affordable prices to customers across the country.
"During the COVID-19 pandemic, we accompanied the city's Department of Industry and Trade in its market stabilisation efforts to provide food to all customers. We felt there was similarity with the goals of CPV, and those of the market stabilisation programme of Ho Chi Minh City, putting consumers and businesses first while creating sustainable cooperation and development together," said Montri Suwanposri.
The number of businesses participating has increased year by year. As of now, there are just under 11,000 sales points in the programme located in Ho Chi Minh City, and the total revenue of the scheme for the 2012-2022 period is estimated at close to VND190 trillion ($8 billion).
At the conference, the City's People's Committee commended 55 businesses that have offered the initiative support, with CPV given a special honour at the gold table for its contribution.
With a focus on stabilising the market for the period 2022-2032, the city's Department of Industry and Trade hoped to welcome more businesses to take part, and to expand the network to other cities and provinces across the country.
"CPV will continue to accompany the market stabilisation programme in the time coming. We are so proud to be honoured at the 20-year summary conference, as we consider this recognition as a driving force for CPV," added Suwanposri.
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