Supply of goods to meet demand

The supply of essential goods will be able to meet the country's domestic demand during the end of this year, which will help stabilise prices, reports the Ministry of Industry and Trade.

The ministry said during the year's fourth quarter the holiday and wedding season would lead to consumption fluctuations on the domestic goods market.

The country now had enough food, steel, sugar, fertiliser, salt, cement, animal feed, petrol, paper, coal and medicine to meet the country's demand, reported the ministry.

Large cities and provinces would implement programmes to stock goods and stabilise markets.

Officials in HCM City have encouraged corporations and supermarkets in the city to expand their retail networks to help stabilise prices. Building a retail network for essential goods should be developed, said HCM City Industry and Trade Department's deputy director Tran Vinh Nhung.

The Industry and Trade Department of Binh Duong Province recently spent VND120 billion (US$6.31 million) to purchase essential goods for the remaining months in this year and for the Lunar New Year holidays, said the department director Nguyen Thi Dien.

The industry and trade ministry said during the last quarter the domestic rice supply would increase because farmers would be able to harvest 8 million tonnes of rice and 600,000 tonnes will be exported during that time.

The ministry said poultry and cattle would meet the domestic demand because production during the first nine months of the year increased by 5.3 per cent against the same period last year.

Fertiliser demand had begun expected to increase as farmers had begun planting their winter rice crop, so the provinces should prepare solutions to reduce speculation, the ministry said.

Medicine prices are expected to slightly increase as material costs rise and the dong depreciates, however, the supply of the products will remain stable.

Petrol and oil supplies will increase because Dung Quat Oil Refinery Plant has been running at full capacity since August.

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