Increased purchasing power
Sharing with Lao Dong, Ms. Tran Thi Hong - a food business owner at Lane 122 Mai Dich - Cau Giay - Hanoi, said: Currently, the amount of goods sold at her food stall has increased by about 50% compared to previous months, due to increased purchasing power from ham and instant food processing establishments. "Preparing for Christmas and New Year, food processing establishments have increased the amount of goods to serve consumer demand" - Ms. Hong said.
Ms. Nguyen Thi Nhung - pork trader at Cua Dong market (Vinh - Nghe An) also said that at the end of the year, purchasing power has improved, the amount of goods sold has increased. In addition to fresh pork, she also rolls spring rolls and spring rolls to sell to busy women at work. Not only pork, purchasing power of other foods such as poultry, beef, seafood of all kinds has also increased.
According to the General Statistics Office, the total retail sales of goods and consumer services revenue at current prices in November 2024 is estimated at VND 562.0 trillion, up 8.8% over the same period last year. In the first 11 months of 2024, the total retail sales of goods and consumer services revenue at current prices is estimated at VND 5,822.3 trillion, up 8.8% over the same period last year.
Tet goods begin to hit the market, prices are stable
A survey by Lao Dong reporters shows that prices of goods and food, especially essential goods, remain stable, despite increased purchasing power.
Currently, the price of live pigs nationwide is from 61,000 VND/kg to 64,000 VND/kg depending on the region (a slight increase of about 1,000-2,000 VND/kg), but the retail price of pork at the market remains stable. The price of industrial chicken is from 65,000-90,000 VND/kg depending on the meat part; the price of chicken with feathers: 130,000 VND/kg; freshwater fish: From 60,000-110,000 VND/kg depending on the type; in particular, the price of green vegetables is decreasing due to the high amount of winter vegetables.
Commodity prices are stable partly because businesses have proactively prepared goods to stabilize the market. Ho Chi Minh City has 69 businesses participating in market stabilization this year, an increase of 10 businesses compared to last year. Ho Chi Minh City has prepared goods worth VND23,000 billion to serve Tet 2025, of which nearly VND10,000 billion is for market stabilization goods. Businesses have pledged not to increase Tet prices, organized mobile shipments to remote areas, and organized many promotional programs to stimulate consumption.
Director of the Department of Industry and Trade of Ho Chi Minh City Bui Ta Hoang Vu said that from now until January 2025, the department will coordinate with units to implement a mobile sales program to stabilize the market, many items participating in the program can be discounted up to 80%.
According to Mr. Nguyen The Hiep - Deputy Director of Hanoi Department of Industry and Trade, businesses have developed plans to exploit goods for Tet, increasing by an average of 7-25% depending on each item compared to the plan to serve Tet last year.
As a locality with a large number of workers, the Department of Industry and Trade of Binh Duong province has proactively planned to stabilize the market of essential goods in 2025 and the Lunar New Year 2025. Accordingly, there is 1 key enterprise participating in the market stabilization program in the province with a total value of reserved goods of over 13,725 billion VND (excluding gasoline, medicine).
According to Ms. Nguyen Thi Hien - Head of Hapro Marketing External Relations, BRGMart coordinates with suppliers to forecast consumption output and plan to increase Tet goods reserves by 2-3 times compared to other months of the year, ensuring sufficient supply and stable prices so that people can shop for Tet with peace of mind.
