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Economics

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Price-stabilized products readied for the Year of Wood Horse

For the upcoming Year of Wood Horse, retailers have backed up tremendous sources of goods of various delicacies to satisfy the buying demands of the people seeking for smart, sophisticate and stricter tastes.Price stabilization is in depthTet is when goods are sold out but sometimes in dear prices. So as to balance the supply and demand, ever since November 2013, Provincial People’s Committee has launched programs to stabilize the prices by well-organization of constant and mobile supplying system. The action of local People’s Committee is to keep the price down by 10-15% lower than market lines. CitiMart is offering price-stabilized commodities Under plan, 12 enterprises including CitiMart, Co.opMart, BigC, Vinatex, TDM, Number One, Thanh Le, Pham Ton, Ba Huan, Tien Hung, Binh Duong Trade and Tourism, and branch of Animal Product Technology Vietnam.Aside from good sales at supermarket and common market places, the mentioned enterprises have organized various programs of goods sales in rural areas. Accordingly, they have also stocked up necessities at the cost of about VND 604.6 billion to be prepared for the Tet.Of the stockpile, about 615 tons of cattle meat, 5,332 tons of pork, 687 tons of poultries, and over 12 million of eggs are now readied for the market.For this year, the province extracted VND 76 billion from its budget to give out as loans to 4 enterprises of CitiMart, Vinatex, TDM, and Thanh Le.The disbursements have been made right at the beginning of December to help them with good stockpiling.Mrs. Vo Ngoc Anh Nga, Deputy CFO of Dong Hung Corporation or CitiMart said: “We are favored with loans thanks to the policies of using the loans to their purposes and timely repayment. Up to date, the enterprises have been disbursed over 10 billion out of the approval for VND 22 billion of loans; and thus, we stocked up our inventory to value of over VND 90 billion. We shall fall to commodities with promotion and gifts. And, most of all, we shall be prepared for goods selling out.”Meantime, supermarkets are stocking up commodities to be readied for Tet buying. Representatives of various supermarkets have stated the same intention to hold on to Lunar New Year Eve sales before returning on the second and third day of the new year to prevent price hike of free merchants trying to influence the price bottom line.Smarter and smarter demandsAccording to Mr. Nguyen Van Ban, Chair of Provincial Association of Consumer Protection, buyers are advised to be smarter with their choices.Ms. Nguyen Thi Hoa in Thu Dau Mot City informed that she would balance salary and bonuses to pay for a lean Tet with family joy.Majority of housewives may limit buying of prepared foods which should be unsafe and wasteful at times while sending messages to functional agencies to monitor the market so as not to leave out fake and low quality goods.Meanwhile, enterprises are called upon promoting business ethics to satisfy smarter and stricter buying demands or else they may lose their customers forever.True quality and use shall be promoting to develop Vietnamese commodities.Reported by Bao Anh – Translated by Vi Bao
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