Proactively Preparing Goods for Lunar New Year

Although it is nearly two months to go before Tet comes, the Department of Industry and Trade of Ho Chi Minh City, has actively worked with businesses participating in market stabilisation programmes to make goods supplying plans for the largest traditional public holiday of the nation. Accordingly, enterprises participating in market stabilisation programme will supply 30 - 40 percent of market demand for essential goods, wholesale markets will cater for 40 - 50 percent, and the rest is supplied by other business entities, which primarily focus on such commodities as pork, poultry, egg, vegetables and rice.

 

Mr Nguyen Phuong Dong, Deputy Director of Ho Chi Minh City Department of Industry and Trade, said that the city has opened 7,535 price-stabilised sales points with an abundant supply of goods and guaranteed quality and price to prevent speculation and hoarding of goods and thereby reduce local supply shortages.

 

The Hanoi Department of Industry and Trade has instructed companies, supermarkets and commercial centres to plan the stocking of essential commodities, expected to be 10 - 15 percent higher than ordinary months of the year, particularly the seven essential goods of rice (5,500 tonnes), pork (900 tonnes), chicken (450 tonnes), poultry eggs (6 million units), frozen seafood (300 tonnes), cooking oil (1,500 litres), and vegetables (2,000 tonnes).

 

Regarding the price stabilisation programme, the Hanoi Department of Industry and Trade will deploy 610 price-stabilised sales points with price stabilisation notice boards and approximately 1,500 retail outlets without notice boards.

 

Mr Vo Van Quyen, Director of the Domestic Market Department under the Ministry of Industry and Trade, said the ministry will coordinate with Ho Chi Minh City to organise a major conference on linking supply and demand with over 300 businesses in Southwest and Southeast provinces with Ho Chi Minh City to ensure the output market for domestic products. On the other hand, the ministry has also informed the Ministry of Agriculture and Rural Development to prepare livestock to increase reproducibility to meet consumer demand during the Tet.

 

Deputy Minister of Industry and Trade, Ho Thi Kim Thoa, also requested trading companies to prepare foodstuffs, vegetables and seafood from now in order to inhibit speculative activities and prevent unreasonable price hikes before and after Tet 2014.