Over 128 billion VND for stockpiling goods for Tet

posted Nov 26, 2013, 2:53 AM by Danang Beach
According to the Da Nang Department of Industry and Trade, 11 city businesses have spent over 128 billion VND to stockpile food and consumer goods ready to supply local residents over the Tet Festival at the end of January.

The Da Nang Food Company has stored 1,300 tonnes of rice and glutinous rice and 100 tonnes of wheat flour.  The city’s branch of the CP Vietnam Livestock Corporation will supply 6,000 pigs and 30,000 chickens to locals, and they will be sold at 50,000 VND and 45,000 VND per kg respectively.

Shopping at a local supermarket

Some of the city’s large supermarkets, like Metro, Co.op Mart, BigC Mall, Intimex and Lotte Mart, have stockpiled essential goods for Tet.  These goods include rice, glutinous rice, confectioneries, beverages, melon seeds, monosodium glutamate, sugar, cooking oil, and fish sauce.

In addition, the city has lent the Dac Vinh Company 4 billion VND at 0% interest to store about 35 tonnes of pork.  The meat will then be sold at 10 - 15% below the market price at 13 locations and 2 mobile shops in busy areas of the city.

The Co.op Mart supermarket has also been given 160 million VND from the city’s budget to organise 3 sales programmes in the city’s industrial parks and remote rural areas.

Most of the city’s retailers have already stocked up with a wide variety of essential goods, the volume of which has risen by 20 - 25% year on year.

In addition, more than 4,000 small traders in the city’s 8 largest markets now have goods available for Tet worth over 100 billion VND in total.

(Source: Danang Today)