Metro Cash & Carry Viet Nam completes its preparation for Lunar New Year. — VNS Photo

HCM CITY (Biz Hub) — Wholesaler Metro Cash & Carry Viet Nam has completed its preparation for the upcoming Tet (Lunar New Year) holiday which falls in mid-February this year by maintaining supply at affordable prices.

Nguyen Vu Thuan, Metro's procurement and trade assistant manager, said: "This year, we plan a VND3 trillion (US$143 million) Tet package with a strong emphasis on essential domestically-made products, including processed foods, raw and fresh foods, dried foodstuff, consumer goods and beverages, among others, to make sure there will be no supply shortage or price surge."

Because prices of a range of goods tend to rise near the end of the year, affecting both producers and consumers, Metro proactively set up connections with producers, suppliers and farmers as early as the third quarter of last year to ensure adequate supplies at the best prices.

The supermarket began offering promotions in December that will last until the end of February for more than 15,000 products.

Metro's survey of professional customers, including restaurants, hotels, eateries and convenience stores in HCM City, showed that purchasing power for the holiday period is expected to grow by 18-22 per cent year-on-year. — VNS