Purchasing power increases with abundant goods at Tet commodity market
VOV.VN - For this year's Tet holiday the source of goods for consumption has been thoroughly prepared by local businesses with diverse types and at stable prices, especially essential items.
According to reports from businesses, distribution units have devised plans and signed contracts aimed at exploiting goods for the Lunar New Year, known locally as Tet, with an average increase of 7% to 25% compared to the same period from 2023, depending on each item, in which the focus is on food products.
At points of sale, the amount of goods available to serve people has soared by 15% to 40%, of which, the proportion of Vietnamese goods accounts for 90%.
Alongside the production and storage of goods to serve the market, businesses and distribution systems have launched promotional schemes aimed at stimulating consumer shopping.
Businesses based in Hanoi have duly prepared hundreds of thousands of tonnes of products and goods with a total estimated value reaching nearly VND41,000 billion.
According to details given by the Hanoi Department of Industry and Trade, at present there have been more than 1,300 sales points run by distribution and retail units registered to open sales to serve people from the first to the fifth day of the first lunar month. From the sixth day of Tet onwards, all of the systems will operate normally to serve the people.
Tran Thi Phuong Lan, acting director of the Hanoi Department of Industry and Trade, said businesses have seriously complied with the capital’s direction on goods supply preparation.
"Enterprises have also reserved an amount of goods that is more than three times higher than the volume assigned by the Department of Industry and Trade of Hanoi. In addition, market inspection as well as quality and safety inspection have been properly carried out," Phuong Lan added.
To increase people's purchasing power, activities regarding supply and demand connectivity, trade promotion, and support for the consumption of goods during Tet have been implemented both synchronously and effectively.
Le Viet Nga, deputy director of the Domestic Market Department under the Ministry of Industry and Trade, affirmed that the source of goods for the Lunar New Year is very abundant, not only in quantity, but also in variety. Along with that, commodity prices are forecast to not fluctuate much.
According to the Ministry of Industry and Trade, during this year's Lunar New Year, purchasing power is expected to increase by more than 10% compared to the same period from last year. Along with fully preparing goods, competent agencies have also worked to intensify market inspection and control, whilst also combat acts of trading counterfeit and poor quality goods, especially food safety violations.