Logo of Phnom Penh Post newspaper Phnom Penh Post - Businesses prepare for Tet, stock up supplies

Businesses prepare for Tet, stock up supplies

Content image - Phnom Penh Post
Businesses are working to ensure there is adequate supply of goods for Tet, especially of essential goods such as meat and rice. Photo nld.com.vn

Businesses prepare for Tet, stock up supplies

Vietnamese businesses are increasing production to ensure sufficient supply of goods for Tet (Lunar New Year) early next year and steady prices during the year’s biggest shopping season.

The Ho Chi Minh City Department of Industry and Trade recently announced plans for its annual market stabilisation programme to ensure adequate supply of essential goods for a month each before and after the festival.

Demand for items such as drinks and confectionery is expected to spike by 20 per cent during Tet, while wholesale markets may need to stock 80 per cent more flowers than normal to meet demand.

Besides increasing production, companies are also working on launching new products and business models. For instance, Ba Huan JSC will produce more varieties of processed goods for Tet, while Vinamit JSC is focusing on working with online distributors and launching new nutritious vegetable and fruit drinks by the end of the year.

According to the department, large retailers are set to stock goods two or three times as in normal months though most are reluctant to announce their exact business plans for Tet.

Due to negative factors like the Covid-19 pandemic and floods in central Vietnam, demand during next year’s Tet might be lower than normal, many businesses feared.

They need to utilise online channels and spend more on marketing and promotions, they say.

The Ministry of Industry and Trade has called on province and city authorities across the country to monitor local production and business to have plans in place to deal with potential market anomalies and keep an eye on the market to ensure a steady supply of essential goods and those covered by price stabilisation programmes.

VIET NAM NEWS/ASIA NEWS NETWORK

MOST VIEWED

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said

  • More than 5K workers rush from Thailand amid outbreak

    Following the recent outbreak of Covid-19 in Thailand’s Samut Sakhon province, Cambodian migrants working in Thailand were gripped by worry over the situation and many rushed to return to their homeland. Over the past 10 days, more than 5,000 migrant workers have returned from Thailand through