Stable supply and demand, no price fever
According to the Ministry of Finance, in the days leading up to Tet, shopping demand increased but prices of essential goods did not fluctuate much thanks to abundant supply. People tend to spend more economically and shop more reasonably. Notably, this year's Tet market witnessed a strong shift from direct to online shopping on platforms such as TikTok, Facebook, Zalo.
Tet goods such as fresh flowers, fruits, seafood, livestock, poultry, and vegetables increased slightly but remained under control. Meanwhile, prices of essential goods at supermarkets and shopping malls remained stable, with no shortage of goods.
Price developments in some localities
Hanoi: On the third day of Tet, goods at traditional markets are not abundant, many stalls are still closed. Vegetables and fruits tend to decrease in price, while fresh food is not active.
HCMC: Most of the big supermarkets such as Co.opmart, Aeon, Lotte Mart, Mega Market have reopened, prices are stable. People are focusing on shopping for vegetables, fruits, and fresh food.
Da Nang: Traditional markets are operating sparsely, purchasing power has decreased compared to before Tet. Some small traders have started to open for business at the beginning of the year.
Can Tho: From the afternoon of the 2nd, purchasing power at the markets became more active. On the 3rd day of Tet, people rushed to buy free-range chickens, fresh flowers, and fruits for offerings.
Hue: Many markets are still closed on the 1st and 2nd, but on the 3rd, some stalls and supermarkets such as Aeon Mall, Go!, Co.opmart have opened, prices have not increased compared to before Tet.
Price management and market stabilization
The Ministry of Finance affirmed that the management and operation of market prices during Tet have been strictly implemented. Localities have proactively stockpiled goods, ensured supply, and strictly handled acts of hoarding and price gouging. At the same time, market control, smuggling and trade fraud have also been strengthened to avoid abnormal price fluctuations.
After the Tet holiday, prices are not expected to fluctuate much due to abundant supply and low purchasing power. Supermarkets and traditional markets will be fully open, and the market will gradually return to normal. The Ministry of Finance will continue to closely monitor price developments to ensure market stability in the coming time.
