Food prices are relatively stable.
According to a survey by reporters from the Industry and Trade Newspaper, at traditional markets such as Nhan Chinh (Thanh Xuan district, Hanoi), Phung Khoang (Ha Dong district), Thanh Cong market (Dong Da district), Cong Vi market (Ba Dinh district), etc., prices of essential goods such as vegetables, fruits, fresh meat, and seafood only increased slightly in the days leading up to Tet. After Tet, when people's shopping needs returned to normal, basic prices remained stable.
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| At Nhan Chinh market (Thanh Xuan district), prices of food items have generally stabilized again. |
According to traders at Nhan Chinh market, trading activities at the beginning of the new year have not been very active. The items people choose to buy are mainly fresh food, green vegetables, fresh fruits and offerings for the New Year's worship...
Compared to the time before Tet, prices of goods have quickly stabilized; while in previous years, prices often increased and remained stable for quite a long time.
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| Food prices do not fluctuate much after Tet |
Currently, the price of pork ranges from 110,000 - 150,000 VND/kg; beef from 250,000 - 280,000 VND/kg; ready-made industrial chicken from 70,000 - 90,000 VND/kg; shrimp from 150,000 - 330,000 VND/kg; the price of chicken and duck eggs ranges from 27,000 - 32,000 VND/dozen...
Fish is also a fresh food item chosen by many consumers. Specifically, white carp costs 80,000 - 90,000 VND/kg, black carp costs 120,000 - 150,000 VND/kg, and common carp costs 75,000 - 85,000 VND/kg.
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| Fresh foods such as fish and shrimp are sold by vendors at the market. |
As for green vegetables, if the price of this item increased by 30 - 50% in the same period last month, it has now almost "cooled down". Specifically, vegetables such as sweet cabbage, chip cabbage, green cabbage... fluctuate from 15,000 - 25,000 VND/kg; tomatoes from 20,000 VND/kg; potatoes from 12,000 VND - 18,000 VND/kg; Dalat lettuce 50,000 - 60,000 VND/kg; chrysanthemum greens from 8,000 - 10,000 VND/bunch; celery 10,000 - 15,000 VND/bunch...
"I started selling vegetables on the afternoon of the second day of Tet. Generally, vegetable prices increased slightly by about 10-15% in the two days after Tet, but from the fifth day, vegetable prices returned to normal," said Ms. Yen, a vendor at Nhan Chinh market.
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| Most customers mainly buy food, especially vegetables, beef, seafood... for daily meals. |
Many promotional programs to stimulate demand
General observations at supermarkets such as WinMart, Big C, Go!, Co.op Mart, AEON… show that prices in supermarkets are stable until after Tet. Many supermarkets even launch attractive promotional programs.
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| Customers shop for goods at the beginning of the year at Winmart supermarket |
Officially reopening from the 4th day of Tet, WinMart supermarket system launched a brilliant spring opening program with more than 300 super cheap products, along with promotional programs of buy 1 get 1 free, buy 2 get 1 free and thousands of attractive gifts as lucky money for customers shopping at the beginning of the new year.
Central Retail's GO! and Big C supermarket systems nationwide apply the "Always Cheap Prices" program; discounts of over 30% on a series of essential consumer products, committed to always stabilizing prices, giving customers the opportunity to shop comfortably and economically.
At Co.op Mart supermarket system from now until February 28, the program "Picking up golden fortune for a prosperous year" is being held with more than 10,000 lucky red envelopes, 1,000,000 bonus points and more than 1,000 discounted items.
Specifically, customers who shop at Co.op Mart in the first days of the year worth over 500,000 VND will immediately receive a lucky money gift which is a shopping voucher worth up to 100,000 VND. With the Lucky Fortune Dice program, from now until February 25th: Customers with a shopping bill of 400,000 VND or more during the golden hours will receive attractive gifts.
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| Supermarkets reduce prices of many items to stimulate consumer demand |
Director of Co.op Mart Ha Dong supermarket Nguyen Thi Kim Dung said that during the 8 weeks of Tet business, the entire distribution system of Saigon Co.op including Co.opmart, Co.opXtra, Co.op Food, Co.op Smile, Cheers, Finelife, Sense City, SenseMarket welcomed more than 20 million visitors to visit and shop.
"Organizing promotional programs being implemented at supermarkets gives consumers the choice to save money on shopping during the first days of spring and the new year, while also stimulating consumption," said Ms. Dung.
According to the Hanoi Department of Industry and Trade, during the Giap Thin Tet holiday, over 1,300 points of sale were open from the first to the sixth day of the Lunar New Year, and retail systems operated normally. This has helped limit people's hoarding of goods. However, after Tet, consumer demand in the market has not increased much. The most consumed items are still food, especially vegetables, beef, seafood, etc.
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