More than VND19 trillion worth of goods to be prepared for Tet holidays

The Department of Industry and Trade of Ho Chi Minh City has recently issued the plan No.6964 on supply of essential food and foodstuffs in the city during the upcoming lunar New Year.
According to the plan, the amount of essential goods will be 14.6-17.3 percent higher than the amount entrusted by the city government and 21-28 percent higher than the amount of goods prepared for the last lunar New Year. Total value of goods that enterprises will produce and stockpile for the two festive months is nearly VND19.03 trillion, an increase of VND602.5 billion, or 3.27 percent, compared to the amount of money prepared for last lunar New Year. Of which, total value of goods for the price stabilization program is more than VND7.24 trillion.

Many commodity groups are prepared in large quantity, affecting from 20 percent to 53.2 percent of market demand, such as poultry meat, accounting for 53.2 percent; poultry eggs, accounting for 48.6 percent; processed food, accounting for 28.1 percent; cattle meat, accounting for 21 percent; cooking oil, accounting for 27.5 percent; and rice, accounting for 31.5 percent.

According to the department, through market survey and check on goods supply capacity of enterprises, it is forecast that the prices of essential goods will be stable during festive season and price volatility will be unlikely to happen.

By Thuy Hai – Translated by Thuy Doan

Other news