A pig farm

Due to the prolonged price surge, businesses participating in the market stabilization program continue to propose increasing the price of stabilized pork in the city.

At Go Vap Market in Go Vap District, even during peak hours, many pork vendors are experiencing sluggish sales and anxiously waiting for customers. Additionally, several surrounding stalls remain empty, with no sellers in sight. Phan Thi Anh, a pork vendor with nearly 20 years of experience at Go Vap Market, said that not only at this market but also in many other traditional markets across HCMC, the number of pork vendors closing their stalls has increased along with rising pork prices. Seeing fewer buyers, Anh has proactively reduced her daily pork supply by one-third compared to before.

Another pork vendor at Thach Da Market in Go Vap District shared, "I’ll only be selling for a few more days before quitting. Prices change every day, and sellers have no idea what to expect." With most of the pork on display remaining unsold since morning, the vendor noted that the continuous price hikes have significantly reduced the number of both regular and new customers.

Amid ongoing price fluctuations, many pork stalls at Pham Van Hai Market in Tan Binh District have also been abandoned, while some remaining vendors continue selling with only a limited amount of pork available.

Meanwhile, Mr. Phan Van Dung, Deputy General Director of VISSAN (Vietnam Meat Industry Corporation), stated that the company has submitted a proposal to the HCMC Department of Finance and the Department of Industry and Trade to increase retail pork prices under the market stabilization program. VISSAN has proposed a 6–7-percent price hike, equivalent to an increase of VND5,000–11,000 per kg. Notable adjustments include pork ham and pork shoulder, which would rise by VND11,000 per kg, from VND177,000 to VND188,000 per kg, and pork bones, which would increase by VND5,000 per kg, from VND85,000 to VND90,000 per kg. If approved, the new prices will take effect on March 17, 2025.

According to Mr. Phan Van Dung, the recent price hikes have placed a burden on consumers, as pork—a key ingredient in family meals—continues to escalate daily. As a result, many households have tightened their spending, leading to a sharp decline in demand across all sales channels.

The HCMC Department of Finance approved an increase in retail pork prices under the market stabilization program, citing a rise in live hog input costs from VND68,000 to VND74,000 per kg, on March 3, 2025. However, since early March, live hog prices in the market have continued to climb, now reaching VND79,000 per kg, up 6.76 percent. Under current regulations, if input costs increase by more than 3 percent compared to the previously announced price, businesses in the price stabilization program are permitted to adjust their retail prices accordingly.