There is not much price fluctuation in goods after Tet.
In previous years, after Tet, some items such as food and fresh fruits would increase in price. However, after this Lunar New Year, basic items have maintained a stable price.
Recorded in some local markets in Hanoi, the basic price of green vegetables has not increased compared to before Tet, only green onions have increased by about 20%, from VND 40,000 to VND 50,000/kg. Types of vegetables in the crop still maintain their price, such as cabbage priced at VND 7,000 – 8,000/bunch, green cabbage priced at VND 8,000 – 9,000/bunch, bok choy priced at VND 15,000-17,000/bunch, turnips priced at VND 7,000-8,000/bulb, carrots priced at VND 12,000/kg, potatoes priced at VND 15,000/kg…
Ms. Minh Tu (a vendor at Yen So market, Hoang Mai district) said that due to favorable weather, vegetables have developed well, so the supply is abundant, and the basic price of green vegetables is the same as before Tet, with a slight increase compared to normal days before that, but not significant.
The prices of livestock and poultry are also stable, and there is no shortage. Specifically, the price of pork ranges from VND 100,000-120,000/kg, beef ranges from VND 230,000-300,000/kg; whole chicken ranges from VND 120,000-140,000/kg. Only seafood has seen a slight increase, from VND 5,000 – 10,000/kg.
Consumers shopping at GO! and Big C supermarkets.
Supermarkets such as WinMart, Big C, Go!, AEON… resumed their activities normally after the Tet holiday. In general, prices in supermarkets have remained stable after Tet. In fact, many supermarkets have launched attractive promotional programs.
The nationwide retail chain GO!, Big C of Central Retail will implement the “Always Low Price” program, offering a discount of over 30% for a range of essential consumer products, committing to maintain stable prices and bringing customers opportunities for comfortable and economical shopping.
Ms. Nguyen Thi Bich Van, Communications Director of Central Retail group, said: “As a retailer participating in the market stabilization program, right before the Lunar New Year of Tan Suu 2024, Central Retail has worked closely with suppliers and prepared sufficient stocks of essential goods, best meeting the shopping needs of the people right after the extended Tet holiday. In addition to good prices, we also apply attractive promotional programs so that consumers can have a great shopping experience when they come to our GO! and Big C supermarkets from the beginning of the new year.”
Many post-Tet promotional programs are available.
Specifically, GO!, Big C offers discounts of up to 33% on fresh local meat and imported meat products such as pork legs, pork shanks, frozen tuna, Australian corned beef, imported eggs, frozen salmon fillets… Along with fresh fruit and vegetables such as white cabbage, Dalat onions, melons, bananas, tomatoes, strawberries…, which are also discounted by up to 28%.
In particular, the “Early market, big discount” program continues to be implemented by Central Retail on the GO!, Big C supermarket system in 2024. Accordingly, consumers will receive an additional 10% discount on the entire range of fresh meat, seafood, vegetables, fruits. The program applies from the opening of the supermarkets until 10 a.m. every day from Monday to Friday.
In addition to fresh products, FMCG items are also offered attractive promotions at GO!, Big C, helping consumers save up to 22% when buying essential consumer goods with its own GO! brand, with discounts of up to 34% and accompanying gifts such as sets of dishes, glass boxes, tissue boxes, porcelain bowls… Essential household items are also offered discounts of up to 50%…
Similarly, from February 13 to February 29, 2024, the retail chain WinMart/WinMart+/WIN will launch the “Welcoming Spring, Bring Home Super Sale” promotion with discounts up to 30%, buy 2 get 1, and free gifts for various product categories.
Mr. Ngo Quang Trung, Director of the Local Department of Industry and Trade (Ministry of Industry and Trade), said that the industrial sector had experienced a strong recovery in January. The industrial production index (IIP) in January 2024 is estimated to increase by 18.3% compared to the same period, in which processing and manufacturing industry increased by 19.3%. The industrial production index increased in 60 localities and decreased in 3 localities nationwide.
The service sector maintained a relatively strong growth momentum; the total retail sales of goods and consumer service revenue in January 2024 is estimated at VND 524.1 thousand billion, an increase of 8.1% compared to the same period; the supply of goods is abundant, and there is no shortage or unreasonable price hike. The localities with high growth rates are: Quang Ninh, Hai Phong, Da Nang, Dong Nai, Ho Chi Minh City, Binh Duong, Hanoi, Binh Dinh…
Regarding the supply of goods for Tet, Mr. Trung said that at supermarkets, shopping centers, and convenience stores, there was a wide variety of merchandise combined with some discount and promotion programs deep into the days close to Tet, so the prices of goods remained stable compared to normal days and only slightly increased compared to last Tet due to the increase in input costs.
In traditional markets, the supply of goods, especially fresh food, has also been strengthened, meeting adequate demand. Specifically, fresh food and fruits have a tendency to increase slightly compared to normal days, but there is no shortage or unreasonable price hike.
