Saigon Co.op has increased supply of essential goods by two to three times compared to normal months to ensure adequate supply during the holiday. — VNA/VNS Photo Thanh Vu

HCM CITY (Biz Hub) — Enterprises in HCM City have completed plans to prepare goods for the Tet holiday, which falls next year on February 19.

Van Duc Muoi, general director of Vissan Limited Company, which processes and trades fresh and frozen meat and meat-related foods, told Viet Nam News that the company had prepared 46,000 pigs, 2,000 cows and 4,000 tonnes of processed food to serve customers, 10 per cent higher than the previous Tet.

"There will be no price shock during Tet," he said, adding that "we will slash prices sharply on days near Tet to stimulate consumption".

Many poultry and egg providers like Ba Huan and Vinh Thanh Dat plan to increase supply by 10-15 per cent for Tet.

As for confectionery products, most producers plan to increase supply and offer many kinds at a wide price range to meet varying tastes and budgets of customers.

The Bien Hoa Confectionery Corporation (Bibica) plans to supply 1,350 tonnes of confectionery and chocolate for Tet, up 20 per cent over the previous year.

The Kinh Do Confectionery Joint Stock Company has said it plans to supply 5,000 tonnes of confectionery for Tet, 500 tonnes higher than last year's holiday period.

Le Thi Thanh Lam, deputy general director of Saigon Food Company, said the company would supply the market 550 tonnes of food, a year-on-year increase of 5-10 per cent.

Supermarkets have also increased supply of essential goods to meet demand in the run-up to Tet and after Tet.

Saigon Co.op has increased supply of essential goods by two to three times compared to normal months to ensure adequate supply during the holiday. About 90,000 tonnes of goods are expected to be supplied via its chain in three months before, during and after Tet, which is 15 per cent higher than last year's Tet.

Besides essential items sold at 10 per cent lower than the market price under the city's price stabilisation programme, Saigon Co.op, in collaboration with suppliers, will slash prices by 10-50 per cent on thousands of other items.

It also plans to organise at least 141 mobile sales trips to the city's remote districts as well as industrial parks and export processing zones to serve buyers.

Similarity, Big C supermarket chain, which expects a 15 per cent increase in demand, carried out purchasing measures to ensure supply and stable prices.

Besides preparing abundant sources of confectionery, fruits, home decor items, the supermarket will have about 420 tonnes of fresh meat to serve customers during the holiday.

This year, it launched 17 kinds of gift baskets and boxes at prices from VND59,900 to VND1.7 million (from $2.85 to $80).

Until the end of February, it is offering a discount of up to 50 per cent on nearly 4,000 Tet products.

South Korean supermarket chain Lotte Mart is also introducing various kinds of Tet gift baskets to meet customers' demand.

It expects sales to go up by 25 per cent for gift baskets and 60 per cent for meat, eggs, banh chung (square glutinous rice cakes), banh tet (cylindrical glutinous rice cakes) and fruits and vegetables.

Retailers plan to increase the number of cashiers and other activities to ensure convenience and safety for customers during the peak purchasing season. — VNS