Many of Da Nang’s businesses and traders have already spent around 600 billion VND in total on stockpiling food and consumer goods ready to supply local residents over the Tet Festival at the end of January.

Shoppers at a local supermarket

Of this figure, 150 billion VND has been spent by traders at the Con, Han, Dong Da, Hoa Cuong Wholesale, Moi, Hoa Khanh, Sieu Thi Nguyen Kim, and Tho Quang Seafood Wholesale markets.  The remaining 450 billion VND has been spent by local businesses.  

The stockpiling aims to satisfy the city’s demand for Tet goods, which is expected to increase by between 20 and 25% against the same period last year.  In addition, this should help to stabilise the prices to better serve local residents.

At large retailers and supermarkets, a wide range of essential food products are in store including rice, sticky rice, meat, vegetables, fruits, cooking oil and confectioneries.  These businesses include Lotte Mart Da Nang, Viet Nam Industrial Livestock Production (VISSAN), Metro Cash & Carry, Co.op Mart, and BigC.

The city authorities have lent the Dac Vinh Company 4 billion VND at 0% interest to store around 35 tonnes of pork.  The meat will then be sold at 10 - 15% below market price at 13 locations and 2 mobile shops in busy areas of the city between 22 and 27 January.

Co.op Mart will organise sales programmes in Hoa Vang District’s Hoa Phu and Hoa Ninh communes.  Under these programmes, customers will enjoy the same retail prices as similar products sold in the inner city areas, and there will be various promotions.

In addition, the local authorities have granted 100 million VND from the city’s budget for the Investment Promotion Centre to open 2 fairs for workers in the city’s Hoa Cam and An Don industrial parks.

The municipal People’s Committee has recently urged relevant local agencies to increase their checks and inspections of trading activities at local markets and other business establishments.  The focus will be on ensuring that all local markets, supermarkets, and trading centres display the prices of their services, and sell them at those prices.

Importance will be attached to dealing with smuggling, trading in fake goods and poor-quality items, and commercial fraud.  Top priority will also be given to controlling prices to prevent local traders from increasing the prices of their products before Tet.

Greater efforts will be made to increase inspections of local warehouses to deal with any trading violations, and to ensure food safety and hygiene in the city.