Ministry works to stabilise market following Tet
Updated : Thursday, February 22, 2018 9:36 AM (GMT+0700)

Pricesof essential goods in traditional markets returned to normal on the fourth andfifth days of the lunar year (February 19-20) after increases few days beforethe Tet holiday which lasted from February 14-20. 

Illustrative image - Source: VNA

According to the Ministry ofFinance, supermarkets and commercial centres attracted a large number ofconsumers during the festival thank to clear product origins, guaranteed foodhygiene and stable prices.

Meanwhile, prices ofcatering and vehicle keeping services slightly increased in the first days ofthe year, the ministry said. 

During Tet, the purchasingpower surged 12-15 percent as compared with normal days, and 10 percent againstthe same period last year, as a result of 2017’s noted economic growth andmarket stabilisation policy. 

The ministry said thatdemands for travelling, food and festival offerings are expected to risefollowing the holiday. 

To stabilise the market inMarch and the second quarter of this year, the ministry has asked otherministries, agencies and localities to keep a close watch on developments ofsupply and demand, as well as prices, especially of essential products. 

Besides, inspections on theobservance of legal regulations on price, tax and fee, particularly of tourismservices, while traffic laws will also be intensified.


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