City companies plan for Tet

Saturday, Nov 15, 2014 12:38

Businesses are preparing goods for Lunar New Year. – Photo Baogialai

HCM CITY (Biz Hub) — The total value of goods that companies in HCM City will produce and reserve for a period of two months before and after Tet (Lunar New Year) will be VND15.8 trillion (US$755 million), up 9 per cent against last Tet, according to the city's Department of Industry and Trade.

Goods under the city's price stabilisation programme will account for VND8.3 trillion ($395 million) of the total amount.

Speaking at a meeting on Thursday , Le Ngoc Dao, deputy director of the city's Department of Industry and Trade, said all companies taking part in the city's price stabilisation programme have completed their plans for Tet.

The supply of many goods in the price stabilisation programme, including poultry, cooking oil, sugar, eggs and processed food, would meet 30-60 per cent of the city's demand.

Nguyen Phuoc Trung, director of the city's Department of Agriculture and Rural Development, said companies in the city's price stabilisation programme were breeding more livestock.

The quantity of pigs and poultry has increased by 9 per cent and 19 per cent, respectively, against normal periods of the year, he said.

The price of livestock, poultry and eggs would continue to be stable, he said.

Supermarkets, including Maximark, Citimart and Big C, will increase the quantity of their goods for Tet by two to three times against normal days.

Confectionary companies have also planned to increase production for Tet by 20-30 per cent against last Tet.

Nguyen Thi Hong, deputy chairwoman of the municipal People's Committee, said the city's departments and agencies should strictly monitor the market to help companies prepare goods properly.

She told departments and agencies, in cooperation with women's unions and market management boards, to encourage traders and consumers not to sell or buy smuggled, fake and low-quality goods.

Within the next 10 days, the Department of Finance and other departments and agencies are expected to complete draft plans for inspecting goods supply and demand, smuggled and fake goods, and the prices of goods and services. — VNS

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