Firms stock up on goods ahead of Tet
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.
Food 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
You should also see
Semiconductor workforce development a breakthrough: PM
Human resources development in semiconductors should be considered a breakthrough in personnel training, Prime Minister Pham Minh Chinh said at a conference in Hanoi on April 24.
See more
Business
Remittance inflows expected to quench real estate sector’s thirst for capital: Experts
Amid a “thirst” for capital of real estate businesses, the strong inflow of remittances is expected to heat up the market again, held insiders.
Business
Dong Nai province ready to ride Japanese investment wave
The southern province of Dong Nai stands ready to prepare the best conditions to welcome investors, especially those from Japan, Secretary of the provincial Party Committee Nguyen Hong Linh said on April 24.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
Business
Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
Business
Airlines requested to increase flights during upcoming holiday
The Civil Aviation Authority of Vietnam (CAAV) has asked Vietnam's airlines to consider increasing the number of flights from Hanoi and HCM City to localities on April 27, and from localities back to Hanoi and HCM City on May 1 to meet the demand for air transportation during the April 30 - May 1 holidays.
