Hanoi, HCM City spend 47 trillion VND on Tet goods

Industry and trade departments in Hanoi and HCM City are planning to spend 28.5 trillion VND and 18.4 billion VND, respectively, to prepare goods for the Tet (Lunar New Year) 2019 festival.
Hanoi, HCM City spend 47 trillion VND on Tet goods ảnh 1Hanoi and HCM City plan to spend 28.5 trillion VND and 18.4 billion VND, respectively, to prepare goods for the Tet (Lunar New Year) 2019 festival (Photo: VNA)

Hanoi (VNS/VNA) - Industry and trade departmentsin Hanoi and HCM City are planning to spend 28.5 trillion VND and 18.4 billionVND, respectively, to prepare goods for the Tet (Lunar New Year) 2019 festival.

Tran Thi Phuong Lan, Deputy Director of the Hanoi Departmentof Industry and Trade, said the plan on preparing goods for the New Year andthe Lunar New Year in 2019 will focus on increasing essential commodities.

These include rice, meat, seafood, eggs, processed foods,fresh vegetables, dried agro, forestry and seafood products, confectionery,wine, beer beverage and fresh fruit.

The total value of goods under the plan is estimated toincrease by 10 percent compared to the 28.5 trillion VND spent this year.

The volume of goods in stock will also increase by 10-15 percentcompared with normal months of the year to meet consumer demand during thoseoccasions and to make sure goods are still available after Tet, Lan said.

This plan on production, business and stockpiling of goods hasbeen built based on the population, business situation of companies, marketdevelopment and purchasing power in the first nine months of this year in thecity, she said.

Hanoi’s goods will include 190,600 tonnes ofrice, 44,000 tonnes of pork, 14,600 tonnes of chicken, 12 tonnes of beef, 256million eggs, 254 tonnes of vegetables, 3,000 tonnes of confectionery and 200million litres of beer and beverage.

According to General Director of Trading Hanoi (Hapro) VuThanh Son, they plan to keep essential goods in stock and will organise salespoints to avoid lack of goods before, during and after the Lunar New Year.

Big supermarkets such as Big C and Vinmart have preparedenough supplies and avoid a lack of goods and overpricing. In addition, large supermarketshave prepared a large volume of fruit and imported food to serve high-endconsumer.

Meanwhile, the HCM City Department of Industry and Trade has completed a planwith a growth of 23-36 percent in volume against the same period of 2018, reportedthe Lao dong (Labour) newspaper.

The total value of food and foodstuffs for two months beforeand during the Tet in 2019 was estimated at 18.4 trillion VND, up 3.44 percentcompared to the same period of 2018.

According to the department, to ensure goods reach consumerswith the best price, enterprises will increase the sales points in remoteareas, industrial parks, export processing zones, residential areas for workerand companies having a large number of workers.

Meanwhile, Hanoi’s authorities will also create good conditions for businessesto bring stocks to the rural areas, export processing zones and industrialzones, said Vice Chairman of the Hanoi People’s Committee Nguyen Doan Toan.

The city will promote control of smuggled, fake and poor qualitygoods as well as food hygiene and safety violations.

According to the Ministry of Industry and Trade, in the lastmonths of the year, demand on raw materials for production of consumer goodsand goods for Tet has begun to increase so there is little increase in price asthe supply of local and import goods is plentiful.

With these developments, the ministry forecasts the localmarket this year will basically remain stable and ensure supply meeting localdemand. Therefore, total revenue from retail sales and services in 2018 willincrease by 10-11 percent compared to 2017.

In the first 10 months of this year, Vietnam’s total revenuefrom retail sales and services grew as consumers paid more, reaching 3.6quadrillion VND (154.51 billion USD), a year-on-year increase of 11.4 percent,according to the GSO.

The increase accounting for inflation was 9.31 percent,higher than the 8.79 percent growth seen in the first 10 months of 2017.-VNS/VNA
VNA

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