Thursday, July 19 2018


City shoppers see slight increase in post-Tet prices

Update: January, 30/2012 - 10:20

HCM CITY — There have been no major fluctuations in the prices of commodities after the Tet (Lunar New Year) festival in HCM City, with only a slight increase registered over normal days.

On the fifth day of Tet, vegetable prices increased by VND2,000-4,000 per kg, pork prices by VND10,000-15,000 to VND 120,000-140,000 per kg. Prices are expected to stabilise on the sixth day of Tet when supermarkets and other stores resume operations.

However, a trader at the Han market in Hai Chau District, Da Nang City, said beef prices stood at VND230,000-270,000 per kg, an increase of VND40,000-50,000 per kilo. The price of pork is VND270,000, an increase of VND40,000.

Soft drink agents in Tran Phu and Le Do streets in the central city said beverage prices, especially beer, has increased significantly. The price of Heineken beer jumped by VND40,000 to VND420,000 per carton while that of Tiger beer increased by VND30,000 to VND320,000 per carton.

However, the prices of vegetables and fruit at some markets in Da Nang showed a tendency to decrease compared to the days just before Tet, the Tuoi Tre newspaper report said.

At the Sieu Thi Market in Thanh Khe District, for instance, the price of rau thom (a Vietnamese herb) was VND8,000 for 100g, a decrease of VND2,000, while that of lettuce went down by VND500 to VND2,500 per 100g.

According to the HCM City Department of Industry and Trade, the prices of goods were mostly stabile during the three days of Tet because of sufficient supply. Price increases were seen in fresh food items, including vegetables and fruit because consumption demand increased by 20-50 per cent.

On the second day of Tet, some sales outlets under the price stabilisation programme, reopened with pork prices down by VND10,000 to VND84,000-95,000 per kg, VND15,000-30,000 lower than the market price. However these sales outlets only remained upon until noon everyday.

The department said sales volume during Tet increased by 20-25 per cent compared to the same period last year, mainly in supermarkets because of many promotional programmes and well-prepared supply of goods.

Many supermarkets offered 10-50 per cent discounts on 3,000 items from the beginning of November to January 22 to push up consumption. Besides, the supermarkets increased their working time by four hours per day as Tet approached to meet consumers' demand.

The wholesale market's supply for this year's Tet market accounted for 40-50 per cent of the total, and businesses that joined the price stabilisation programme contributed 30-40 per cent, the department said. — VNS

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