Firms stock up on goods ahead of Tet hinh anh 1Food and fruits are sold at a supermarket (Photo: VNA)

Hanoi (VNA) - More than 230 trillion VND (10.2 billion USD) of goods have been reserved by businesses and price stabilisation outlets for the upcoming Tet (Lunar New Year) Holiday.

This year's reserves were 10 to 15 percent higher than the previous year, said Vo Van Quyen, Director of the Domestic Market Department under the Ministry of Industry and Trade.

Quyen said several supermarkets had committed to opening till New Year's Eve to prevent price hikes before and after the holiday.

Goods for Tet have been distributed through around 8,600 markets, over 750 supermarkets, 150 commercial centres and thousands of shops and fairs nationwide.

Towards the end of the year, the ministry organised conferences to connect supply and demand in Hanoi, Da Nang and HCM City with the participation of nearly 1,000 firms. Around 130 MoUs and contracts were signed between producers and big distributors such as Co-opMart, Vinmart, Hapro, Fivimart, Big C, Lotte and AEON.

The ministry's market watch departments have enhanced inspections before and after Tet to tackle smuggling, trade fraud, counterfeit goods and substandard food hygiene.

The Hanoi Statistics Office said that supermarkets reserves for the holiday in the capital had increased by 10-15 percent, of which Vietnamese goods accounted for 75 to 80 percent.

The office said commercial centres and supermarkets such as Metro, Big C, Coopmart, Fivimart, Intimex, Hapro and Citimart had planned carefully for the holiday.-VNA