HCM City spends over 22 trillion VND on Tet goods stabilization program

Tuesday, 17/12/2024 13:55
(CPV) - The Ho Chi Minh (HCM) City Department of Industry and Trade said that in addition to reserving a large amount of goods for Tet (Lunar New Year) 2025, this unit will coordinate with units to regularly inspect to avoid shortages and speculation.
 Many branded goods are discounted up to 80% to attract consumers. (Photo: tienphong.vn)

On December 16, the municipal Department of Industry and Trade held a press conference to inform about the preparation of goods for Tet 2025.

Mr. Ngo Hong Y, Head of the Trade Management Office under the Department of Industry and Trade, said that key enterprises participating in the Market Stabilization Program have prepared more than 22 trillion VND, in which, more than 8 trillion VND is arranged to prepare essential food and foodstuffs to serve the market for Tet 2025.

The output of essential goods is expected to account for 25 - 43% of the market share. On average, each month during Tet will have 8,300 tons of rice, 5,000 tons of livestock meat, 5,500 tons of poultry meat, 23 million poultry eggs, 800 tons of processed foods, 10,000 tons of vegetables and fruits, and 200 tons of seafood products.

At the same time, businesses are always ready with plans to increase production in case of necessity and organize mobile sales to handle unusual fluctuations and local shortages of goods.

“Market stabilization products always maintain prices at least 5% lower than the average market price of products of the same specifications, type and quality. At the same time, prices of goods will not be adjusted before and after Tet,” said Mr. Y.

The Department of Industry and Trade also coordinated with the People’s Committees of districts, towns and Thu Duc City to implement many solutions, to urge wholesale markets, traditional markets, supermarket systems and convenience stores to focus on monitoring and grasping the market./.

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