5 businesses are stockpiling goods to stabilize prices for the Tet holiday market.
(Baonghean) - With only two months left until the Lunar New Year, businesses are already preparing their supplies to serve the Tet market. This is especially true for some enterprises assigned to implement the program of stockpiling goods to stabilize the market for the 2016 Lunar New Year.
Accordingly, five enterprises were assigned the task of maintaining stable prices: Vietnam-Laos Economic Cooperation Investment Joint Stock Company, Nghe An Friendship Joint Stock Company, Nghe An Agricultural Products Import-Export Corporation Joint Stock Company, Thanh Sang Foodstuff Import-Export Joint Stock Company, and Duc Thanh Trading & Services Limited Company. These enterprises borrowed funds from banks to purchase and stockpile the assigned goods, totaling over 26.7 billion VND, with the provincial budget subsidizing 100% of the loan interest for a period of three months.
With three main essential items being white rice, glutinous rice, and cooking oil, the price stabilization program for participating businesses must be at least 5%-10% lower than the market price at the same time for products of the same specifications and quality.
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| People shop at the supermarket. |
In addition to stockpiling 150,000 liters of essential, price-stabilized cooking oil as per the province's policy, Nghe An Friendship Joint Stock Company is also preparing a wide variety of goods to serve the Tet holiday and meet the diverse needs of the people. Currently, the company has invested over 30 billion VND to purchase and stockpile goods for Tet, including: 35,000 cases of beer, 20,000 cases of soft drinks, 1,000 cases of wine, and 10 tons of various confectionery...
In addition, the company also offers a number of traditional processed goods such as 5,000 banh chung (traditional Vietnamese rice cakes) and 1 ton of gio cha (Vietnamese sausage)... With 2 price-stabilized sales points in Vinh City and 3 trucks transporting goods to 16 districts, towns, and cities in the province: Con Cuong, Anh Son, Tuong Duong, Nghia Dan, Thai Hoa, Tan Ky, Quynh Luu, Yen Thanh...
| Mr. Nguyen Hong Thai, Director of the Trade Center - Huu Nghi Nghe An Joint Stock Company, said: All Tet holiday goods sold by the company are uniformly discounted by 10% compared to the market retail price. This year, the company is focusing on product design and quality, working directly with manufacturers to ensure quality commitments. Simultaneously, they are collaborating with manufacturers to run promotional programs to show appreciation to customers, offering discounts to stimulate market consumption. |
This year, the company's inventory has increased by approximately 15% compared to last year. With years of experience in maintaining stable inventory levels, Huu Nghi Joint Stock Company always proactively ensures a sufficient supply of goods to meet market demand, guaranteeing no shortages or price spikes.
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| A price-stabilized retail outlet in Vinh City, operated by Vietnam-Laos Economic Cooperation Investment Joint Stock Company. |
The Vietnam-Laos Economic Cooperation Investment Joint Stock Company has been assigned to store 100 tons of white rice and 200,000 liters of cooking oil, with a total cost of 7.1 billion VND. Ms. Ho Thi Ha, an employee of the company, said: "Up to this point, the unit has prepared over 15 billion VND in capital to store essential goods including rice, cooking oil, instant noodles; beer, wine, and soft drinks, approximately 60,000 cases, to supply the market in Vinh and surrounding districts."
The company has three price-stabilized sales points in Vinh City, Thanh Chuong, and Nam Dan. Goods are sold at wholesale prices, and even if the market fluctuates, the company will still sell at the committed prices, ensuring the supply of quality goods and market stability, helping people shop for Tet safely and healthily with peace of mind."
To serve the Tet market this year, Nghe An Agricultural Products Import-Export Corporation has been assigned to stockpile 100 tons of white rice and 150,000 liters of cooking oil, with a total cost of nearly 5.6 billion VND. Ms. Ho Thi Binh Nguyen, the company's chief accountant, shared: "The company has prepared a large quantity of goods with guaranteed quality to supply the market before and after the Lunar New Year. The price-stabilized goods are sold at two locations in Vinh City and one location in Do Luong Town. In addition, the company uses mobile vehicles to distribute goods to districts in the province, ensuring a constant supply of goods at stable market prices, not for profit. At the end of the year, the average consumption of cooking oil alone is about 170,000 liters per month."
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| A diverse range of alcoholic beverages is available to meet customers' needs during the Tet holiday. |
According to Ms. Vo Thi An, Deputy Director of the Department of Industry and Trade: "In recent years, the market has been stable with little price fluctuation. Therefore, based on the provincial budget situation, the Department of Industry and Trade only advises stockpiling the most essential goods (rice, glutinous rice, cooking oil) to help stabilize prices when there are price fluctuations for these items. At the same time, it aims to inform businesses in the area about the province's policy of stabilizing prices of some essential goods before and after the Lunar New Year, preventing speculation, hoarding, and price increases during the Tet holiday."
Quynh Lan