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Retailers pile up stocks for year-end peak season, promise no price shocks

Ho Chi Minh City’s retailers have stocked large volumes of goods to meet the demand during the peak Tet (Lunar New Year) shopping season, and promise to keep prices steady.
Retailers pile up stocks for year-end peak season, promise no price shocks ảnh 1Customers shop for Tet at GO!/Big C supermarket in HCM City. (Photo courtesy of Central Retail Vietnam)
HCMCity (VNS/VNA) – Ho Chi Minh City’s retailers have stocked largevolumes of goods to meet the demand during the peak Tet (LunarNew Year) shopping season, and promise to keep prices steady.  

TheGO!/Big C and Tops Market supermarket chain under Central Retail Vietnam haslaunched discount programmes covering thousands of products such asconfectionery, sweets, beer, wine, soft drinks, Tet decorativeitems, home appliances, electronics, and fashion goods.

Ithas worked with suppliers to increase pork and chicken supply by 20 percent and25 percent from last year, and also plans to stock enough vegetables, fruitsand meat to meet demand.

Ithas a programme to support dragon fruit farmers in southern provinces suchas Binh Thuan and Long An, who have faced huge problems exporting.

Besidesselling the fruits at good prices, the retailer also sells items such as bread,sponge cake, jelly, and smoothies made from them.

SaigonCo.op has stockpiled essential items worth nearly 6 trillion VND (263 million USD),20 percent higher than last year, for the Lunar New Year.

Theyinclude rice, sugar, cooking oil, pork, poultry meat and eggs, processed foods,fruits and vegetables, and seafood besides food and non-food products andspecialities in demand during the festival.

Nguyen Ngoc Thang, director of Co.opmart'soperation division, said the plan is to keep prices unchanged or even cutthem.

For instance,from now through Tet, it offersdiscounts of up to 50 percent on thousands of products and plans even biggerdiscounts starting 10 days before the festival.

During therun-up to the festival it plans to increase supply of fresh and ready-to-eatfoods.

Some retailerssaid demand has been booming in recent days, with sales especially of Tet products such as dried foods,confectionery, dried fruits and sweets going up sharply.

They expectdemand for fresh foods to be higher than last year.

The giftmarket is already buzzing with supermarkets, markets and shops offering a rangeof items for both business and individual customers.

GO!/Big Csupermarkets has more than 70 kinds of gift hampers and boxes containingbeverages, confectionery, imported fruits, healthcare products, and householdappliances, with prices ranging from 99,000 VND to 3 million VND each.

Saigon Co.opis offering discounts on more than two million hampers that are packed based onorders.

Customers canvisit any Co.opmart or Co.opXtra outlet and place orders for deliveryto any place in the country that has a store.

According tothe city’s Department of Industry and Trade, businesses have earmarked morethan 11.02 trillion VND (480.9 million USD) to stock goods.

Eightybusinesses are taking part in the city’s price stabilisation programme and havepledged to keep prices unchanged for two months starting a month before Tet on February 1.

There will beflash sales of goods such as pork, poultry and eggs a few days before thefestival./.



VNA

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