At traditional markets, pork prices are 6% down at VND160,000 ($6.84) a kilogram, and pangasius fish is 8% cheaper at VND60,000.
Hoa, a vendor at Can Cu Market in HCMC's Go Vap District, said she reduced her prices Thursday morning, but demand was still low, and she had to sell a portion at even lower prices.
Gasoline prices have fallen four times and by a total of 22% since June 21.
Supermarkets and grocery stores are also cutting prices of some products.
A 24-pack carton of Tiger beer is 7% down to VND365,000.
Trung Nguyen coffee prices have been cut by nearly 14% to VND50,000.
Cooking gas prices have fallen by 5% to VND430,500 per canister.
Supermarket media representatives told VnExpress they are negotiating with suppliers to bring prices down to stimulate demand.
The WinMart chain is selling some products at 10-20% lower than average market prices.
Saigon Co.op and MM Mega Market are offering discounts of up to 50% on some products.
But the prices of eggs and processed foods are not down yet, with producers saying they still face high costs.
A CEO of a food company in HCMC said gasoline only accounts for 5-10% of selling prices and therefore he has not reduced them yet.