Hanoi, March 23 -- Authorities are urgently rolling out measures to stabilise the market as surging input costs place unprecedented pressure on the retail market, with suppliers pushing for price hikes and supermarket systems striving to keep prices in check.

At a recent meeting held by the Ministry of Industry and Trade (MoIT), big retailers warned that price pressures are intensifying. A representative of a retail chain with thousands of outlets nationwide said that 70-80% of suppliers have proposed price increases, the highest level seen in recent years.

The primary driver is the sharp rise in input costs, particularly fuel, raw materials and logistics. Disruptions in global supply chains, compounded by geopolitical tensions, have si...