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Ho Chi Minh City
Friday, May 7, 2021

Ministry asks goods suppliers to stabilize ahead of Tet

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HCMC – The Ministry of Industry and Trade has told producers to continue boosting their supply of goods to cater to the demands of residents in the lead up to the upcoming Lunar New Year holiday (Tet) and stabilize prices in the local market, according to a report on trade activities in November and between January and November released by the ministry.

As the suppliers have prepared goods in advance, prices will not rise abnormally for the rest of the year and during the Tet holiday, said the ministry.

Besides, the ministry asked the relevant agencies to continue balancing the demand and supply of goods and guarantee that the prices of necessities, mainly food and pork, remain stable. Firms were also told to effectively implement the market stabilization program.

The market management board was tasked with enhancing its monitoring of the domestic market to prevent smuggled, fake and low-quality goods from being sold while imposing harsh sanctions on those who break regulations on trade activities.

The volume of goods for the 2021 Tet holiday in HCMC will increase by 4% against the target and by 12%-21% from the figure seen during last Tet, noted Nguyen Phuong Dong, deputy director of the HCMC Department of Industry and Trade.

A large volume of goods has been readied, including over 5,590 tons of cattle meat and more than 7,480 tons of poultry meat, Phap Luat Online reported.

In addition, firms participating in the city’s market stabilization program have committed not to revise up the prices of goods two months before and after the upcoming holiday.

Tet goods of a high quality and at reasonable prices will meet the demands of residents in the city, said Dong.

The municipal department will adopt various solutions to ensure a sufficient supply of goods and guarantee that prices remain stable, according to the department.

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