Stabilizing market price during the Lunar New Year
Updated : Monday, January 08, 2018 11:04 AM (GMT+0700)

In order to stabilizegoods prices during the year end and Mau Tuat Lunar New Year, the PPC hasdirected functional sectors to deploy the plan and instruct enterprises toimplement the program of market price stabilization. This activity aims tobalance the supply and demand, limit sudden price increase at the surgingdemands among people’s shopping.

Preparing goods at Tuy Hoa Co.op Mart supermarket

As people’s demand for shopping often increases at the end of the year and the Lunar New Year,every year, the PPC directs functional sectors to implement pricestabilization, focusing on essential goods. This year, the PPC has advanced 20billion dongs for this program. The two enterprises which were selected forreceiving the advanced money for goods stockpile are Tuy Hoa Co.opMart supermarket(12 billion dongs) and Phu Yen Mountainous Trade JSC (8 billion dongs). Withthis amount, Tuy Hoa Co.op Mart will reserve 6 items with 100 tons of rice, 80tons of sugar, 30.000 liters of cooking oil, 50 tons of pork, 20 tons ofpoultry meat, 100 tons of vegetables and fruit. Phu Yen Mountain Trade JSC willreserve 3 items with about 160 tons of rice, 120 tons of sugar and 130.000liters of cooking oil. As registration, Tuy Hoa Co.opMart can supplement 100%of these items in case of market fluctuation. The stable price is given byenterprises participating in the program and registered with the Department ofIndustry and Trade and the Department of Finance on the principle of 5-10%below the market price. If the market price fluctuates due to increase in inputmaterials prices or scarce goods, enterprises can adjust prices afterregistering with functional sectors.

According to some localities, in previous years, althoughenterprises sold stable-price goods at registered place, goods introduced topeople were not much in terms of quantity and type. During Tet holiday,people's demand for goods is not only essential goods but also many otheritems, so localities want enterprises to distribute more kinds of stable-pricegoods in order to create conditions for people to go shopping.

Mr. Ngo Dinh Son, Deputy Director of Phu Yen Mountainous Trade JSClets known: Grasping people’s demand, at this Tet, in addition to reservingessential goods allocated by the province, the company will supplement someother goods to serve people. The company has currently 9 fixed points of sale inTuy Hoa city, the communes of Song Hinh, Son Hoa, Dong Xuan and Song Cau town.At this time, the company has shipped goods to the points of sale and listed, publicizedthe retail price. We will also coordinate with the Department of Industry andTrade to participate in bringing Vietnamese goods to the countryside and mobilesale trips. According to Mrs. Nguyen Thi Ngoc Lai, Deputy Director of Tuy Hoa Co.opMartsupermarket, the unit ensures proper implementation of commitments on advancecapital and supplying stable-price goods. The total amount of goods which thesupermarket has reserved for supply in the three months in advance, during andafter the Lunar New Year is over 130.000 tons, an increase of 15% over theprevious year. In particular, the stable-price goods increases from 5% to 30%depending on kinds of goods; the remaining items increases from 15% to 30%.According to the plan, this unit will also organize 22 mobile sale trips inlocalities from January 6th to April 20th. Each triptakes place in 1 or 2 days. Besides, Co.opMart also joins with other units tobring Vietnamese goods to the countryside in the end of the year.

Source: Phu YenNewspaper

Translated by KHUONGTHAO

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