Plan to import goods early
Pham Van Tan, who runs a department store in O Mon District (Can Tho City), said that at this time, consumer purchasing power is gradually increasing and the peak will be during the Lunar New Year. Currently, along with increasing the amount of imported goods, Mr. Tan has started to consult the prices of some items to serve the Tet holiday.
According to Mr. Tan, the store will prioritize importing essential goods and gifts and cakes because they account for a large amount of consumer demand.
“Referring to some places, the prices of cakes and pastries this year are not expected to be too different from 2023. But to avoid price fluctuations when demand increases sharply, my store is contacting to place orders early. When the goods arrive, we will also receive them first,” said Mr. Tan.
Estimating that rice consumption will increase sharply in the last months of the year, especially during Tet, Ms. Le Thi Ngoc (Ninh Kieu District, Can Tho City) has started contacting warehouse owners to import goods. Ms. Ngoc said that the retail price of rice is currently stable, with some types increasing slightly by 300 - 500 VND/kg.
“Due to the weather, rice prices have fluctuated somewhat. I have contacted the warehouse owner to consult the prices of rice varieties such as Nang Thom, Huong Lai, Lai Cambodia, ST24, ST25 to calculate the quantity and import early to serve the year-end market. These are all types of rice that are in high demand during Tet with prices ranging from 20,000 - 40,000 VND/kg,” Ms. Ngoc shared.
Market stabilization
Recently, the People's Committee of Can Tho City issued a Decision on promulgating the Program to stabilize the market of essential goods, promote trade activities in 2024 and Lunar New Year 2025 in the city.
The program's implementation aims to contribute to price stabilization, ensuring supply and demand of goods, meeting people's needs for essential goods at the end of 2024 and the Lunar New Year in 2025. The program also aims to deploy solutions to stabilize market supply and demand and social security, responding to fluctuations in fuel supply (gasoline, gas) and raw materials for livestock, crop production, production and export.
The program is divided into 2 phases. Phase 1 will start from October to December 31, 2024 with the implementation of commodity stabilization activities to meet people's shopping needs during the year-end holidays and New Year, and reserve goods for natural disaster prevention.
During the period from January 1 to March 3, 2025, phase 2 will be implemented with activities to stabilize goods prices to meet people's shopping needs for the Lunar New Year 2025 and the first holidays of the year.
The product groups participating in the program will include food groups: rice, instant noodles, processed foods of all kinds, meat of all kinds, eggs, seafood, vegetables and fruits; groups serving the needs of Lunar New Year such as soft drinks, beer of all kinds, cakes, candies, jams; spice groups (sugar, cooking oil, sauces of all kinds, MSG, seasoning powder of all kinds); household consumer products (dishwashing liquid, detergents); other product groups proposed by businesses...
