Pre-Tet purchasing power in HCM City anticipated to surge by 11% to 13%
VOV.VN - Purchasing power may increase by about 11% to 13% compared to last year's Lunar New Year festival (Tet), according to forecasts made by the Ho Chi Minh City Department of Industry and Trade.
Purchasing power will primarily focus on food products, essential foods, confectionery, beverages, clothing, footwear, and home appliances.
In order to prepare Tet goods, right from the beginning of the year the southern city devised a plan and assigned the Department of Industry and Trade to supervise the implementation process.
According to the details of this move, the amount of stable goods accounts for 25% to 43% of overall market demand. On average, each month sees the expected amount of goods supplied to the market stand at about 5,000 tonnes of rice, 70 million poultry eggs, 2,000 tonnes of sugar, 1,000 tonnes of processed food, 2,000 tonnes of cooking oil.
Nguyen Phuong Duy, deputy head of the Energy Management Department under the municipal Department of Industry and Trade, said that local enterprises are ready to increase production capacity in emergency situations by selling mobile goods to places with local shortages.
"We are determined not to let scarcity of goods or imbalance of supply and demand occur in any situation," he stressed.
Recently, the municipal Department of Industry and Trade conducted an inspection of rice sources in several Mekong Delta provinces.
Amid global rice prices recording an upward trend and being difficult to predict, the department is closely monitoring developments as international rice prices will directly affect domestic food production ahead in the last months of the year and around the Lunar New Year.
