Nghe An: Preparing nearly 1,000 billion VND worth of goods to serve the Tet market

Proactively source goods to serve the Tet market

Up to this point, shopping malls, supermarket systems, convenience stores... in the province have completed their plans and goods are being gathered at business locations; the supply of goods for Tet has increased 2-3 times compared to normal months. Many supermarkets and stores have also decorated their shopping spaces to be eye-catching, filled with the colors of Spring. People have begun to visit and shop for Tet.

Currently, goods are displayed at supermarkets in Vinh city with many attractive promotions. Photo: Thu Huyen

Mr. Tran Anh Khang - Director of BigC Vinh supermarket said: According to the plan, our business expects sales to increase by about 30% compared to last year, and to achieve the plan, we have prepared, stocked and supplied goods for 2 months before and after Tet with the quantity increased by over 50%, the total value of goods is about 170-180 billion VND. Goods serve a variety of customer needs, targeting the consumer segment from middle class and above. Currently, goods have been gathered and put on shelves to serve consumers.

“This year, the gift baskets have beautiful designs and a variety of types; many brands have renewed and changed their product designs… We are committed to not increasing the price of goods within 45 days before Tet, ensuring stable prices for people to shop for the Spring and Tet holiday” – Mr. Khang shared.

Tet shopping space is filled with spring colors. Photo: Thu Huyen

According to records, many supermarkets have reserved space at the entrance to display Tet goods, such as: gift baskets; soft drinks; candies, etc. to facilitate people's Tet shopping. In general, this year the economic situation is difficult, so many supermarkets have plans to reduce the proportion of high-end goods, instead increasing the source of quality goods, more affordable prices to serve the needs of the general consumer.

Supermarkets in the area such as BigC, Maximark, MM Mega Market Vinh... all committed to keeping prices stable, not adjusting prices during Tet, and at the same time implementing many promotional discount programs on many products to stimulate demand.

In the market, Tet goods are diverse to serve people's consumption needs. Photo: Thu Huyen

According to the Department of Industry and Trade, the total reserve of essential goods is about 1,000 billion VND, of which BigC supermarket is 180 billion VND, MM Mega Market Vinh supermarket is 60 billion VND, Winmart supermarket is 50 billion VND, Nam Long Company Limited is 50 billion VND, Agricultural Products Joint Stock Company is 29 billion VND, Thanh Nghe Tinh Company is 4 billion VND, petrol stations are about 100 billion VND, retail stores and markets are more than 500 billion VND...

A few months ago, businesses and production facilities proactively researched the market, developed production plans, and reasonably stocked goods, supplies, and raw materials to maintain stable production and business activities to ensure the supply of goods to the market with good quality, reasonable prices, and food hygiene and safety.

Ms. Vo Thi Thao - Director of Nam Long Company Limited - a key enterprise in Vinh city said that this year, the company has reserved a large amount of cooking oil with a value of over 30 billion VND; in addition to cooking oil, the company also prepared a large quantity of instant noodles, white sugar, milk, etc. The total sales of Tet goods are about 50 billion VND, an increase of 20% compared to normal months. In addition, proactively exploiting agricultural products, food, traditional specialties of the provinces, diversifying goods (priority for Vietnamese goods) to serve the needs of Nghe An market at the end of the year, not allowing shortages of goods to push prices up.

Currently, many businesses have proactively sourced goods to serve the needs of the Tet holiday. In the photo: Nam Long Company Limited - a leading enterprise in Vinh city, prepares essential goods to serve the market in the province. Photo: Thu Huyen

Departments and branches proactively monitor the Tet market

In order to serve the consumption needs of people during Tet, supermarkets have also proactively linked up and formed supply chains from production to circulation to ensure abundant and diverse sources of goods and stable prices. Units are committed to strictly complying with price registration and declaration for price-stabilized goods, goods on the price declaration list, diversifying distribution methods and approaches to consumers...

Pursuant to Resolution No. 143/NQ-CP dated November 4, 2022 of the Government, Directive No. 10/CT-BCT dated December 8, 2022 of the Ministry of Industry and Trade on implementing solutions to ensure supply-demand balance, market stabilization at the end of 2022 and the occasion of the Lunar New Year 2023, on December 19, the Provincial People's Committee issued Official Dispatch No. 10088/UBND-KT requesting departments, branches, units and localities to implement a number of key contents.

According to assessments, this year's Tet market has abundant supply and stable prices. Photo: Thu Huyen

Accordingly, in order to effectively implement solutions to ensure supply-demand balance, stabilize the market before, during and after Tet, the Provincial People's Committee assigned the Department of Industry and Trade to preside over and coordinate with the Department of Finance to advise on plans and plans to prepare goods and reserve essential goods to ensure market stability, supply and demand of goods in case of epidemics and serve the 2023 Lunar New Year; Coordinate with the State Bank - Nghe An Branch to support and connect enterprises producing and distributing essential goods with credit institutions in the area to access loans with preferential interest rates, in order to increase the reserve of goods to stabilize the market before, during and after Tet.

The Department of Industry and Trade urges and creates conditions for production and business enterprises to carry out domestic trade promotion activities and consumer stimulus programs; has a priority mechanism and creates conditions for enterprises participating in the Price Stabilization Program to expand the distribution network of goods to densely populated areas, industrial parks, suburban districts, remote areas, islands, etc. to increase access to stabilized goods for disadvantaged people, low- and middle-income people; Focus on organizing sales trips of essential goods, serving the 2023 Lunar New Year to provide early and adequate supply to people, especially rural areas, mountainous areas and areas damaged by storms and floods with sufficient quantity, reasonable prices, and guaranteed quality.

Essential consumer goods such as cooking oil, rice, etc. have been transported to localities in the province by key units. Photo: Thu Huyen

Mr. Cao Minh Tu - Deputy Director of the Department of Industry and Trade said: Before Tet, we proactively monitor and evaluate the supply and demand of goods, especially essential goods, goods with high demand or high price fluctuations in the area. At the same time, we have plans to ensure balance of supply and demand, stabilize the market, and avoid shortages and disruptions in goods supply, causing sudden price increases, especially during peak times.

The Department of Industry and Trade coordinates with the Provincial Market Management Department and relevant functional agencies to strengthen market inspection and control, promptly inspect, detect and resolutely handle violations of smuggling, trade fraud and counterfeit goods, production and trading of poor quality goods, goods that do not ensure food safety and hygiene, price violations, speculation, hoarding, and spreading false information about the market...

In addition, the Department of Agriculture and Rural Development and relevant units and localities closely monitor the production situation, disease developments, especially African swine fever, assess supply capacity, propose solutions to ensure supply, stabilize the market of essential agricultural and food products in general and pork in particular when necessary for the market during the Lunar New Year 2023, and coordinate goods when there is a shortage or disruption of goods. Goods at risk of strong fluctuations in supply need timely information and recommendations for consumers to use alternative products to ensure supply and demand, and stabilize prices.