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HCM City financially helps businesses stockpile goods for Tet
Ho Chi Minh City has provided 9 key municipal businesses with VND409 billion in non-interest loans to help stockpile goods for the coming Lunar New Year.
The prices of essential goods like fresh and processed food are predicted to be reduced by 5-10 percent compared with the market prices.
Saigon Coop, Vietnam’s leading retail store chain operator, is storing 4 indispensable goods-sugar, rice, meat and cooking oil-at a total cost of VND53 billion.
In addition, it has about 20 other kinds of goods in reserve, including beer, pork pies, vegetables and fruit, in all, be worth VND700 billion.
Until early December this year, the total volume of goods imported by Vissan Co. Ltd., has been nearly VND270 billion. The company signed contracts with farms to supply about 70,000 head of pork for the Tet holiday.
Bui Duy Duc, General Director of Vissan Co. Ltd., confirmed that sources of fresh meat such as pork, buffalo and beef are abundant enough to meet increasing consumer demand. That affirmation is a basis for the company to ensure a source of goods in reserve at prices 5-10 percent lower than the market price.
Big supermarkets such as Coop Mart, BigC, Metro and Maximark, as well as relevant agencies, report prices of Chinese sausage, lean pork paste and frozen foods from Vissan Co. Ltd., at an amount 10-15 percent lower than the same period last year.
Other businesses, including Saigon Agriculture Corporation, Huynh Gia Huynh De Company and Phu An Sinh Company, have also committed to fulfill orders for fresh meat.
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