Hoang Anh Tuan, Deputy Director of the Domestic Market Department under the Ministry of Industry and Trade (MoIT), said to avoid a shortage of essential goods, the MoIT plans to balance the supply and demand for consumer goods until this year-end and even to the yearly longest festival which will come in early 2021.

The ministry plans to work with the industry and trade departments in all localities nationwide, associations, industries, and manufacturing and retail enterprises to follow supply, demand and prices of essential goods so it can promptly offer solutions to avoid goods shortages.

Photo for illustration: baodansinh

The ministry has asked departments and businesses to build market stabilisation programs, especially in the period approaching Tet festival, and increase goods selling places in industrial zones and remote areas, Tuan said.

Deputy Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan said her department will closely monitor the Hanoi market to work out solutions on ensuring goods supply for the consumption before, during and after the festival.

Hanoi authorities will also organise many events to stimulate demand on consumer goods, including a fair under the campaign for Vietnamese people using Vietnamese goods, 30 mobile sales trips, 12 Vietnamese goods fairs and other fairs for regional speciality goods, Lan said.

The capital will also work with other localities to diversify kinds and sources of consumer goods for the city's market, such as goods from Ha Giang, Son La, and Hoa Binh provinces.

A representative of the HCM City Department of Industry and Trade said until this end of the year, it will promote connections between banks and businesses to help firms to take soft loans to store essential goods due to higher demand around the festival.

In addition, it will organise trade promotion fairs to help businesses sign contracts to buy essential goods for reserves.

Meanwhile, Director General of the General Department for Market Surveillance Tran Huu Linh said until the festival, the market management force will continue to implement anti-smuggling programs.

It will focus on managing consumer products often in higher demand during the festival, such as cigarettes, cigars, alcohol, soft drinks, clothes, shoes and cosmetics products.

It will also continue to work with agencies, associations and localities to inspect potential counterfeit goods, goods with unknown origin, and prices that are listed at markets, supermarkets and convenience stores, Linh said.

In the past nine months, the General Department for Market Surveillance handled nearly 65,000 cases of smuggling, counterfeiting and fraudulent goods, including 6,737 cases in September.

Source: VNA