MM Mega Market launched two pricing stabilization programs with hundreds of essential products – a significant commitment to well support customers
On 31 March 2023, MM Mega Market Vietnam (MM Mega Market) officially launched the two holistic stabilized pricing campaigns in this year at all MM centers nationwide, particularly Wholesale Price for more than 40 fresh food items and Lock Price for over 500 essential commodities. The event aims to control inflation pressure, stabilize prices to better serve customers, thereby contributing to stabilizing the macro-economy and promoting national economic growth.
It is forecasted that the world economy faces huge challenges in 2023 when the world’s commodity prices remain at high level. As one of the high open economy countries, Vietnam is barely to avoid the huge impact of inflation and the risk of global recession that continously pushed commodity prices to the peak in the previous year. Accordingly, the People’s Committee and the Department of Industry and Trade of Ho Chi Minh City issued the Plan to implement the Market Stabilization Program in 2022 – the Lunar New Year 2023 in Ho Chi Minh City, aiming support local customers, as well as act as a premise to set the Government’s macro-economic targets in 2023, including stabilizing growth and mitigating inflation.
MM Mega Market accompanies and shares difficulties with household and professional customers through two special price stabilization programs – “Wholesale Price ” and “Lock Price”
In the context of significant fluctuations in the global economy and Vietnam, MM commits to stand with the Vietnamese government to accompany and share difficulties with our household and professional customers through two special price stabilization programs – “Wholesale Price ” and “Lock Price”.
In particular, owing to direct sourcing from the agricultural and husbandry areas in conjunction with the “From farm to folk” model, the “Wholesale Price” program strives to offer more than 40 fresh products, including pork, chicken, beef, seafood, and a variety of vegetables and fruits, etc. at preferential prices compared with traditional wholesale market. The “Wholesale Price” product category will change continuously in every two weeks to offer various options for family meals. When coming to MM Mega Market, customers will easily find “Wholesale price” products as they are displayed in separate corners.
The “Wholesale Price” program offers more than 40 fresh products, including pork, chicken, beef, seafood, and a variety of vegetables and fruits, etc.
Especially, concerning the “Lock Price” program, the “price-stabilizing product category” covers more than 500 essential items from fresh cakes, processed foods, beverages, household appliances, cakes – sweets – cereals, food and necessities. This program aims to call for major suppliers to lock price in three months (April, May and June) so that customers can rest assured to buy high-quality products at the best price in the event of market fluctuations. Price stabilization items will be sorted by category and labeled “Lock Price” for clear identification.
Lock Price covers more than 500 essential items from fresh cakes, processed foods, beverages, household appliances, cakes – sweets – cereals, food and necessities
“Bounded within the overall economic context, MM Mega Market has been striving to well perform our mission in the retail industry by always putting our Valued Customers at the center of our concerns. MM will be definitely side by side with the Vietnamese Government via our assurance of food safety and hygiene, high quality products with competitive prices, stock availability, goods demand – and- supplies with the ultimate goal to well serve the citizens even in the event of the complex market instability. “. Mr. Bruno Jousselin – Managing Director cum Global Sourcing shared.