Tet purchasing power highly increases

According to a report by the Ministry of Finance, purchasing power during Tet holidays increased 15-20 percent in urban and 15-18 percent in rural areas over normal.

(Illustrative photo: SGGP)

Prices have been kept stable thanks to the market stabilization program implemented in 38 provinces and cities nationwide. Goods supply was sufficient to meet the growing demand during the holidays and Vietnamese goods predominated over import items in the market.
After Tet will be festive time, possibly accelerating travel and food consumption demand. Therefore the ministry said that authorized agencies should keep a close eye on supply and demand to prevent goods shortage and price surge.
They should step up inspection over price law conformation especially to tourist and parking fees. Train and bus ticket speculation will be strictly handled.

By Ngoc Quang – Translated by Hai Mien

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