According to PwC''s 2024 Asia-Pacific Consumer Insights Survey, 63 per cent of Vietnamese consumers plan to increase their spending on essential goods over the next 12 months, followed by clothing (52 per cent) and healthcare products (48 per cent).
Authorities, businesses and retailers in HCM City are organising programmes to promote consumption of essential products and bring quality goods into the market at attractive prices.
To increase local demand, ministries, branches and localities have been implementing activities to connect supply and demand and facilitate the consumption of goods, especially Vietnamese-made ones, during the Tết holiday.
The HCM City Department of Industry and Trade has asked businesses to prepare a wide range of essential goods commonly consumed during the upcoming Tet (Lunar New Year) holiday to ensure sufficient supply and stable prices.
Retail businesses in HCM City said that the prices of many essential goods such as cooking oil, sugar, flour, milk, and noodles have to be hiked due to the knock-on effect of the sharp increase in fuel prices.
The HCM City government wants businesses and distributors to increase production and stockpiling of essential goods to ensure sufficient supply for the city’s 9.4 million inhabitants during the upcoming Tet (Lunar New Year) holidays.
HCM City authorities have urged businesses to ensure supply of essential goods and necessities and offer promotion programmes for the Tet (Lunar New Year) holiday while following pandemic prevention measures.
The HCM City Export Processing and Industrial Zones Authority is helping businesses at industrial parks that house their staff buy food and other essential goods amid the stricter social distancing mandate currently in place to curb the spread of COVID-19.
Many businesses in HCM City and southern provinces producing essential goods, including medical masks and personal protective equipment, face difficulty in sustaining their operations due to a lack of workers and transportation problems due to social distancing.
Essential food manufacturers in HCM City have told Deputy Prime Minister Vu Duc Dam that the “three-on-spot” principle (work, eat and rest on the spot) was not working and should be stopped so that production can be restored to meet consumer demand.
HCM City has been working on a number of solutions to ensure its populace can access the abundance of essential goods available in other provinces amid the strict social distancing in place.
The Ministry of Industry and Trade''s Department of E-commerce and the Digital Economy has been cooperating with e-commerce platforms to remove barriers to the transportation of essential goods during the COVID-19 outbreak.
To Hang, who has to take care of her four-month-old baby while her husband is away working in a factory in Bac Giang province, everything is essential.