According to the Ho Chi Minh City Department of Industry and Trade, key enterprises participating in the Market Stabilization Program have prepared capital of more than VND22,000 billion. Of which, more than VND8,000 billion is to prepare essential food and foodstuffs to serve the Lunar New Year market at At Ty 2025.
The output of essential goods is expected to account for 25% to 43% of the market share; on average, each month during Tet, it is expected to supply 8,300 tons of rice, 5,000 tons of livestock meat, 5,500 tons of poultry meat, 23 million poultry eggs, 800 tons of processed foods, 10,000 tons of vegetables and fruits, 200 tons of seafood, etc.
At the same time, businesses are always ready with plans to increase production when necessary and organize mobile sales to handle unusual fluctuations and local shortages (if any)...
Regarding prices, the prices of market stabilization products are always maintained at least 5% lower than the average market price of products of the same specifications, types, and quality. At the same time, the program does not adjust prices up in the month before Tet and the month after Tet.
In addition, to serve low-income workers who do not have the conditions to shop early for Tet; businesses and distribution systems have implemented many stimulus programs, promotions, and deep discounts on many essential items such as poultry eggs, pork, soft drinks, cakes, candies, jams, clothes, etc. in the days leading up to Tet.
"The Department of Industry and Trade forecasts that the market price situation for the Lunar New Year 2025 in the city will be relatively stable, determined not to let shortages or local price fever occur" - Mr. Ngo Hong Y - Head of the Department of Industry and Trade of Ho Chi Minh City said.
At the same time, the Department of Industry and Trade coordinated with the People's Committees of districts, towns, and Thu Duc City to deploy many solutions, urging wholesale markets, traditional markets, supermarket systems, and convenience stores to focus on monitoring and grasping the market.
Forecast demand, prepare supply, closely follow the price situation of goods at the source, strictly implement regulations on price listing, trade goods with clear origin, ensure food safety...
The index of industrial production (IIP) in 2024 is estimated to increase by 7.3% over the same period (same period increased by 4.3%), maintaining a stable growth rate, showing the recovery of the city's industry.
Total retail sales of goods and consumer service revenue in 2024 is estimated at VND 567,982 billion, up 10.7%. Of which, total retail sales of goods are estimated at VND 567,982 billion, up 11% compared to 2023 (same period increased by 9.6%).
Export turnover in 2024 is estimated to reach 46 billion USD, an increase of 8.3% compared to 2023 (the same period decreased by 8.64%), export activities are still in a recovery and improvement trend, export orders increased sharply.
