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Home  >>   Daily News  >>Vietnam>>Economy>>HN businesses prep for hectic Tet demand
NEWS UPDATES Asean Affairs     November 18,  2016  






HN businesses prep for hectic Tet demand


Ha Noi Department of Industry and Trade has directed its enterprises to increase supply by 10 per cent over the year to satisfy the demand created by the 2017 Tết (Lunar New Year) holiday at the end of January, the year’s biggest shopping season.

The holiday’s economic impact is estimated at VND23.5 trillion (US$1.1 billion), municipal authorities said at a meeting on Tuesday.

Tran Thi Phuong Lan, deputy director of the city’s Department of Industry and Trade, said demand for goods will increase during Tết, with an increase particularly in essentials like agricultural products, dried food, confections, dry nuts, wine, soft drinks, beer and other beverages.

Commercial centres, supermarkets and convenience stores are expected to reserve essential goods worth a total of VNĐ4.5 trillion.

Confectionary producers and beverage companies will produce and supply goods worth over VND9 trillion.

Household businesses in local agricultural and confectionery trades will prepare and stock goods worth nearly VNĐ2.1 trillion.

Concerning the price stabilisation programme, Lê Hồng Thăng, director of Ha Noi Department of Industry and Trade said prices of essential goods will be inevitably volatile in the holiday but the municipal authority will prepare plans to keep prices stable.

Representative from Ha Noi Trade Corporation (Hapro), a major supermarket with many outlets in Ha Noi, said Tet offers a business opportunity for the company, and it has prepared an abundant supply of goods and will organise over 60 sales points to serve the shopping needs of local people.

At the meeting, enterprises suggested local authorities allow vehicles transporting food items and fuel to move inner city 24/7 to facilitate efficiency.

The local trade department said it will closely supervise the supply and demand of goods and services and co-ordinate with other departments and agencies to tackle problems and difficulties for enterprises.

It said it will be willing to co-ordinate cargo traffic between producers and distributors to ensure well-timed traffic and supply. It has also directed enterprises and producers to actively prepare production and supply plans to ensure stable prices.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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