Nghe An prepares more than 10,000 billion VND of goods to serve Tet At Ty 2025

More than 10,000 billion VND of goods to serve consumer needs

Currently, supermarkets, shopping malls, businesses trading and distributing goods in the province are working to ensure the supply of goods for the 2025 Lunar New Year.

Previously, units had proactively researched the market, developed production plans, and reasonably and promptly stockpiled goods to meet market demand during peak periods, avoiding shortages, price spikes, or backlogs after Tet. State management agencies in the trade sector implemented many solutions to maintain market stability and ensure supply-demand balance at the end of the year.

Distributors such as Thanh Nghe Tinh Food Joint Stock Company, Nghe An Agricultural Products and Foodstuff Company Limited, Nam Long Trading Company Limited, supermarket systems: Go! Vinh, MM Mega Market, Winmart,... convenience stores such as Winmart+, Bibigreen,... and shopping centers, goods distributors, markets and wholesale traders, petroleum distributors in the province have developed plans to prepare goods for Tet with a total reserve of goods estimated at about 10,000 billion VND.

In which: Nam Long Trading Joint Stock Company prepares cooking oil supplies for Tet with a total value of about 69 billion VND; Thanh Nghe Tinh Food Joint Stock Company prepares rice supplies of all kinds for Tet with a total value of about 3.2 billion VND; Go! Vinh Supermarket prepares essential goods with a total value of more than 118.4 billion VND; MM Mega Market Center proactively supplies essential goods with a total value of about 13 billion VND; Muong Thanh Phu Dien Supermarket nearly 2.6 billion VND; Winmart Ben Thuy Supermarket nearly 7 billion VND; Lotte Supermarket more than 35.2 billion VND; The City Do Luong Supermarket nearly 16 billion VND. In addition, other supermarket systems, markets and convenience store chains are about 4,000 billion VND.

According to Ms. Duong Thi Le My - manager of Go! Vinh supermarket (Nghe An), the market situation this year is forecast to be slower than last year. With Go! Vinh supermarket, growth is expected to be about 15%. The supermarket has also stockpiled goods to ensure it meets the needs and purchasing power of the people, especially essential goods and necessities, in which rice, food, vegetables, fruits, confectionery, wine, beer... will be stockpiled higher than other goods. The total stock of essential goods for people's shopping at the end of the year and the upcoming Lunar New Year of Go! Vinh is about more than 118 billion VND.

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Petroleum wholesalers and distributors plan to stockpile about 297,000 barrels.m³(about 5,800 billion VND), in which key traders and distributors such as Nghe An Petroleum Company plan to reserve about 208,500m³, Do Luong General Trading Joint Stock Company 3,150m³, Phuc An Maritime Joint Stock Company about 3,230m³, Luu Nga Company Limited 2,305m³and other wholesale traders and distributors about 80,000m^3.

Some distribution enterprises in the province have expanded their distribution systems and have also registered to coordinate with retail units to open essential sales points to serve the Lunar New Year, such as: Thanh Nghe Tinh Food Joint Stock Company, Nam Long Trading Company Limited with sales points in Dien Chau, Do Luong, Thai Hoa districts and mountainous districts...

The supply system of goods in the province during Tet is mainly through basic channels: traditional sales channels, including 27 shopping centers; 79 supermarkets, 371 traditional markets, more than 600 convenience stores, more than 3,000 grocery stores in districts, cities and towns; 17 points of introduction and sale of OCOP products.

Along with that are e-commerce platforms, multimedia sales channels (via phone, website, shopping apps...) of traditional distribution systems in the area.

It is expected that in the time near Tet, people in localities will increase their demand for Tet shopping at markets, supermarkets, and stores in the area. Most clothing, footwear, food, and household goods stores have prepared adequate supplies to serve people's needs. Supply and demand for goods have increased compared to the days before Tet, but the increase is consistent with market rules. There has been no speculation, hoarding, shortage of goods, or price fever in the market.

Solutions to stabilize supply and manage commodity prices

To meet the consumption needs of people during the Lunar New Year 2025, Nghe An Industry and Trade Department has implemented many solutions to ensure supply and stabilize the market. The Department of Industry and Trade is also actively urging businesses to actively implement Directive No. 29/CT-TTg dated August 27, 2024 of the Prime Minister on stimulating consumption, supporting production, business and developing the domestic market, and Official Dispatch No. 121/CD-TTg dated November 26, 2024 of the Prime Minister on continuing to promote domestic market development and stimulate consumption.

Directing production and business enterprises in the area to focus on boosting production and business, proactively researching the market, developing production plans, stockpiling goods, especially essential goods for Tet, expanding the distribution network of goods; Directing units and enterprises to organize markets to bring Vietnamese goods to rural, remote and isolated areas to increase accessibility for people with low and middle incomes, people in rural, mountainous areas and areas affected by natural disasters.

Petroleum businesses in the province must fully stock up, proactively have plans to ensure petroleum supply for the market and commit to ensuring sufficient petroleum supply in the area at the end of 2024 and Lunar New Year 2025, sell goods at the listed price, open stores at the registered time to contribute to stabilizing the petroleum market in the area to ensure production, business and circulation of goods.

Authorities and localities will strengthen market inspection and supervision activities, focusing on checking prices, product quality, food safety regulations, acts of speculation, hoarding, unreasonable price increases, legal regulations on petroleum trading, quality inspection, measurement, and selling prices of petroleum circulating on the market.

Mr. Nguyen Van Hiep - Head of Trade Management Department, Department of Industry and Trade said: In general, the market for consumer goods, especially essential goods at the end of the year, has not fluctuated much and is relatively stable. Supermarkets, shopping centers, businesses trading and distributing goods in the province have begun to ensure the supply of goods for the 2025 Lunar New Year, proactively researching the market, developing production plans, and reasonably reserving goods to meet market demand in peak times, avoiding shortages, price hikes or backlogs of goods after Tet. State management agencies in the trade sector have implemented many solutions to maintain market stability and ensure supply-demand balance at the end of the year.