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City prepares supplies ahead of Tet
There is an abundant supply of goods for the upcoming Tet (Lunar New Year) holiday, according to Le Ngoc Dao, deputy director of HCM City's Department of Industry and Trade (DoIT).
Companies, supermarkets, trade centres and wholesale markets have stocked enough goods for the season.
"We are keeping a close eye on the production plan of most HCM City businesses as well as their goods preparation, especially businesses that take part in the city's price stabilisation programme," she added.
In the last week, most distribution systems, retailers, and businesses in HCM City were actively stockpiling for the upcoming holiday season.
Co.opMart supermarket, for example, has reserved 24,000 tonnes of essential goods including foodstuff, processed goods, and vegetables, worth VND2.8 trillion (US$134.6 million).
For the rest of the year, Co.opMart will organise more than 100 mobile selling trips and open five supermarkets and four Co.opFood stores to serve consumers.
Other supermarket systems such as BigC, Citimart and Vinatex Mart have also increased goods in storage by 20-30 per cent compared to the same period last year.
In addition, the city's DoIT as well as companies taking part in the price stabilisation programme will organise 100-200 mobile selling trips to export processing zones, industrial parks and suburban districts.
HCM City has more than 2,500 points-of-sale in the price stabilisation programme, an increase of 360 points compared to the same period last year.
From now until Lunar New Year, the DoIT will also work with inspection teams in 24 districts to monitor prices and management at traditional markets in HCM City.
They will impose strict penalties on fake goods, low-quality goods and goods that do not meet food-hygiene and safety standards.
Dao Sy Long, deputy head of District 1's Tan Dinh Market Management Board, said the market management board had strengthened control of the market and directed traders to list and register their prices. Besides price management, the board said it was also focusing on checking the origin of products.
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