Vietnam inspectors to keep close watch on retailers

TN News

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Vietnam's top market management agency has said retailers will be under strict scrutiny as the country tries to keep prices of consumer goods stable during the holiday season.

The Market Control Department has ordered its officials nationwide to inspect local retailers through the end of this lunar year to prevent speculators from accumulating goods for the upcoming New Year and traditional Tet holidays, the government said in a report on Saturday.

They will also check the quality of products as well as hygiene conditions at production and trading spots, the report said.

Consumer prices in Vietnam rose for a third consecutive month in November, rising 11.09 percent from a year earlier.

Experts have said with demand starting to surge for the holiday season, the country is likely to post a double-digit inflation rate this year.

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