The Ministry of Industry and Trade has issued a Decree introducing solutions to secure market stability during the traditional lunar New Year.
Departments of Industry and Trade in cities and provinces are requested to help enterprises access preferential credits and consume their products.
Hanoi’s Department of Industry and Trade implemented a plan to stock commodities to ensure sufficient supplies for the people during Tet. By evaluating market demands and purchasing power, local enterprises have prepared to serve consumers.
In the markets, commodities worth more than VND680 billion are available to fulfill the Tet demand. This year, the Department of Industry and Trade will sell Tet goods at 20 shopping malls, 119 supermarkets, 454 markets, and approximately 1,000 stalls and convenient shops around the city.
|Photo for illustration. Source: Denlongviet
In Gia Lai province, enterprises have increased their commodity fulfillup to 50% to serve the Tet demand. Prices are listed openly. Thanks to incentives, prices will remain stable during the Tet holiday.
"We always want to give our customers the best products. We have cooperated with prestigious companies to have high-quality products to serve local customers", said Phan Thi Thuy Dung, a trader in Pleiku City, Gia Lai province.
"We have also had access to preferential bank loans with low interest rates which enabled us to buy a large volume of goods to serve our customers”, she added.
In Danang, enterprises reserved commodities worth more than VND150 billion to meet the demand during Tet. The Co.opmart Danang Company has opened stalls in Hoa Phu and Hoa Ninh communes of Hoa Vang district.
"The municipal Department of Industry and Trade has implemented a plan to stabilize the market during Tet. Supermarkets, shopping malls, wholesale markets and the enterprises have prepared sufficient goods for Tet", Nguyen Ha Bac, deputy director of the Danang Department of Industry and Trade said.
The Binh Dinh Provincial People’s Committee has provided more than VND31 billion for enterprises in an effort to stabilize the Tet market.