Ministry works to stabilise market following Tet

 

Hanoi (VNA) – Prices of essential goods in traditional markets returned to normal on the fourth and fifth days of the lunar year (February 19-20) after increases few days before the Tet holiday which lasted from February 14-20.

 According to the Ministry of Finance, supermarkets and commercial centres attracted a large number of consumers during the festival thank to clear product origins, guaranteed food hygiene and stable prices.

Meanwhile, prices of catering and vehicle keeping services slightly increased in the first days of the year, the ministry said.

During Tet, the purchasing power surged 12-15 percent as compared with normal days, and 10 percent against the same period last year, as a result of 2017’s noted economic growth and market stabilisation policy.

The ministry said that demands for travelling, food and festival offerings are expected to rise following the holiday.

To stabilise the market in March and the second quarter of this year, the ministry has asked other ministries, agencies and localities to keep a close watch on developments of supply and demand, as well as prices, especially of essential products.

Besides, inspections on the observance of legal regulations on price, tax and fee, particularly of tourism services, while traffic laws will also be intensified.-VNA