Businesses are ready to supply goods for the end of the year and Tet At Ty.

At this time, businesses are busy preparing goods for the end of the year and Tet At Ty. This is expected to help total retail sales of goods grow.

Total retail sales maintain growth momentum, but forecast will not be high

According to the latest report of According to the Ministry of Industry and Trade, the domestic commodity market has generally not had any unusual fluctuations in recent times. Currently, green vegetables in particular are in the transition period to prepare for the winter crop and due to damage after storms and floods, the supply has decreased, the price of green vegetables in the northern provinces was high in the early part of the month, since the end of the month, the supply has improved so the price has gradually decreased. Other essential goods, the supply is stable so the price has not fluctuated much, some energy fuel group items have prices fluctuating according to world prices such as gasoline, LPG.

Total level retail Revenue from consumer goods and services at current prices in October 2024 is estimated at VND 545.7 trillion, up 7.1% over the same period last year, mainly due to the food and foodstuff group increasing by 12.0% and the means of transport group (excluding cars) increasing by 21.4%.

In the first 10 months of 2024, the total retail sales of goods and consumer service revenue at current prices is estimated at VND 5,246.2 trillion, up 8.5% over the same period last year (up 9.8% over the same period in 2023), if excluding price factors, it increased by 4.6% (up 7.3% over the same period in 2023).

Retail sales of goods in the first 10 months of 2024 alone are estimated at VND 4,048.6 trillion, accounting for 77.2% of the total and increasing by 7.8% over the same period last year.

Winmart system prepares Tet goods (Photo: Winmart)

According to manufacturers and retailers, despite the cyclical nature of the situation, purchasing power domestic market will increase at the end of the year, but this year it is forecasted to not be as high as expected. The reason is that currently, the domestic economy continues to be affected by negative factors, including storm No. 3 (storm Yagi) occurring in mid-September 2024. These fluctuations have made consumers more cautious in spending, and they have even increased their price sensitivity. Specifically, after storm No. 3, purchasing power in the North and Central regions decreased, purchasing power in Ho Chi Minh City also decreased because many consumers tend to accumulate to prevent risks, cutting down on personal spending.

Businesses increase year-end consumer stimulus

Ms. Nguyen Thi Hoai Thuong - Director of WinMart Thang Long supermarket said that the WinMart/WinMart+ system has prepared carefully to meet the demand for goods in the last months of the year, when the market often has an increase in purchasing power, expected to be over 20%.

Accordingly, this supermarket system has planned early to prepare a stable source of goods and ensure price stability, especially for essential consumer goods, fresh food and goods for the end of the year. At the same time, focusing on developing Supra's internal supply chain to help optimize the distribution and transportation process quickly and promptly.

Along with preparing goods, the WinMart/WinMart+ system also launched many attractive year-end promotion programs to stimulate shopping and meet the diverse needs of customers. Specifically, in November, on the occasion of WinMart's 10th birthday, the system launched the promotion program "10 years of connection - Complete trust" across the system, with discounts of up to 50% and the forms of buy 1 get 1, buy 2 get 1, especially the promotion "Only 10,000 VND" for some selected products.

“For food items such as pork, chicken and vegetables for the end of the year and Lunar New Year, to prepare for the peak season of the year and the New Year, the WinMart/WinMart+ system has actively negotiated and worked with suppliers 2-3 months in advance to purchase large quantities and ensure input prices.” – Ms. Nguyen Thi Hoai Thuong shared. At the same time, she said that along with the development of the system in terms of the scale of the WinMart supermarket chain, WinMart+ and WIN stores, for the two groups of pork and chicken products, the system has increased production by about 20-30%; vegetables by about 20% compared to normal months of the year.

In addition, the WinMart/WinMart+ system also distributes MEATDeli chicken and pork products with European chilled meat technology. Therefore, it is always proactive in ensuring the supply and price of these products during Tet.

To show gratitude to members, the WiN membership program continues to offer 20% discount on WinEco clean vegetable products and MEATDeli chilled meat from now until the end of the year. In particular, members also receive double benefits with the Brand Week program launched in November and the opportunity to participate in the lucky draw program when purchasing bills from 499,000 VND at WinMart supermarket or from 299,000 VND at WinMart+/WiN, with a total prize value of up to 300 million VND (taking place from now until December 4, 2024).

The Ho Chi Minh City Union of Trading Cooperatives (Saigon Co.op) has also planned to prepare year-end and Tet At Ty goods from mid-2024, focusing on groups of goods and items that are consumed a lot at the end of the year. To have a large quantity of goods at good prices, Saigon Co.op has cooperated with distributors in placing long-term orders from 3-5 years, helping them plan production and proactively source goods. Saigon Co.op also forecasts market supply and demand so that manufacturers can have appropriate supply plans. In addition, many suppliers who are cooperatives, small and medium-sized enterprises, etc. will receive financial support from Saigon Co.op through connections with banks, where Saigon Co.op is an intermediary partner to ensure output for post-production goods. In addition, from now until the end of the year, Saigon Co.op continues to organize many promotional programs to both stimulate consumption and accompany businesses in developing the market.

Previously, during the 2024 Tet season, the total value of essential goods prepared by Saigon Co.op was up to 10,000 billion VND, an increase of 20% -50% depending on the product group compared to normal business months.

For localities, Ms. Nguyen Kieu Oanh - Deputy Director in charge of Hanoi Department of Industry and Trade shared that in 2024, Hanoi Department of Industry and Trade implemented a market stabilization program with 30 participating enterprises, ensuring sufficient stabilization of consumer goods for the end of the year and Lunar New Year.

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