Purchase power increases during National Day holidays

During the long week-end holidays for National Day, purchase power has increased and so has the demand for various essential commodities.

Supermarkets in Ho Chi Minh City report an average increase of 30-50 percent on food items during these holidays ( Photo: U.Phuong)

Prices of items in markets are quite stable, but in some traditional markets like Van Thanh, Tan Son Nhat, Nguyen Dinh Chieu, demand for fresh foods increased by 30 percent while it hiked 50 percent for seafoods such as shellfish, crab, shrimps and prices of some seafood leaped 5-10 percent.

This year, Vu Lan Festival, a Buddhist holiday held annually on the 15th of the 7th lunar month, also coincides with these holidays so consumption of mushrooms, vegetables and fruits, soya cheese and water seaweeds for cooking vegetarian dishes also jumped.

Supermarkets in Ho Chi Minh City reported an average increase of 30-50 percent  on food items during these holidays.  Co-op Mart supermarket announced a turnover increase of 65-90 percent in the first week of the ‘Sale Promotion Month’ during the National Day weekend.

Nguyen Thanh Nhan, deputy director of Saigon Co.op supermarket said sales rose as demands for fresh food and necessities increased. Moreover, sales in supermarkets in provinces also went up as people returned to their hometowns to enjoy their holidays.

By Thuy Hai - Translated by Uyen Phuong

Other news

Most view

Pig price goes up as traders snap up

Pig price goes up as traders snap up

A leader of the Department of Animal Health in the southern province of Dong Nai July 19 said price of pig in the province went up within three days as traders snapped up for selling in the North.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.