Customers browse products at a Hapromart in Gia Lam District, Ha Noi. — VNA/VNS Photo Tran Viet

HA NOI (Biz Hub) — Ha Noi businesses have stocked up and developed trade promotions to stabilise the market and boost consumption during the Tet holiday, a Ha Noi Industry and Trade Department official said.

At a meeting of the industry and trade sector of Ha Noi on Tuesday, Tran Phuong Lan, deputy director of the department, said most enterprises in the capital city have actively planned to increase their goods inventory by 10 to 15 per cent or VND16 trillion (US$774.2 million) for the Tet holiday, the Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) newspaper revealed.

The supply will meet up to 70 per cent of the city's demand, and will include 4,000 tonnes of rice, 900 tonnes of pork, 450 tonnes of poultry, along with 200 tonnes of seafood, 1.5 million litres of cooking oil and 1,500 tonnes of vegetables.

Supermarkets, such as Big C, Metro, Citimart, Le's market, Coop mart and Fivimart, have also raised their inventory by 10 to 15 per cent against other months for the Tet holiday in February.

Around 70 per cent of the goods for Tet will be sourced from local producers, Lan stated.

The department has asked business enterprises to sell their goods at around 600 shops specialising in selling price-stabilised goods. It has also directed 1,600 agencies and shops in the industrial and export processing zones, schools and companies in the city to refrain from raising prices.

Lan said the department has been actively consulted by the city authorities for stabilising the market and has also issued a general directive to serve the people in the city during the upcoming Tet holiday.

The department has formulated specific plans for the production of essential goods, such as confectionery, alcohol, beer and beverages for enterprises in the city, she noted. — VNS