With a week to go for Tet (the Lunar New Year) sales of goods bought to celebrate the Lunar New Year have increased by 30-40 percent from normal times, according to market observers.
Consumer demand is increasing sharply ahead of Tet thanks to steady prices and rising incomes (Photo: VNA)
HCMCity (VNS/VNA) – With a week to go for Tet (the Lunar New Year)sales of goods bought to celebrate the Lunar New Year have increased by 30-40percent from normal times, according to market observers.
Theyattribute it to prices remaining steady and people’s increasing income at theend of the year.
SaigonCo.op’s supermarket chains have managed to meet market demand thanks to earlypreparation of goods, accurate forecast of demand and discounts, Nguyen Anh Duc,its permanent deputy general director, said.
InJanuary sales increased by 37 percent compared to the same period in theprevious month, with growth of fresh and processed foods, cosmetics, kitchenappliances, and garments being high, he said.
Therehave been no shortages of goods, especially pork, and no price hikes, he said.
DinhQuang Khoi, head of marketing and customer care at MM Mega Market Vietnam,said customers have bought Tet goods earlier than usual, and retail salesincreased by more than 10 percent compare with same periods of last year, whilethe increase is 5 -6 percent if the wholesale segment is included.
Shoppingmalls in Ho Chi Minh City like Vincom Central Dong Khoi, Takashimaya and AeonCeladon Tan Phu are crowded, especially at weekends.
Salesof processed foods are expected to go up by more than 20 percent.
Peopleare switching more and more to poultry meat and eggs instead of pork becausethe pork price is rising to the delight of companies like San Ha, Ba Huan andVinh Thanh Dat.
Accordingto experts, the prices of many items have never been so stable as this year asthe Covid-19 pandemic caused global demand to shrink.
Manyproducts could not be exported, and so producers and distributors switchedtheir focus to the domestic market, increasing supply.
Tosustain demand in this scenario enterprises have had to improve quality andkeep prices competitive./.
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Consumer demand is increasing sharply ahead of Tet thanks to steady prices and rising incomes (Photo: VNA) 
