Nguyen Huynh Trang, the department’s deputy head, said the total value of goods was nearly 18 trillion VND (789 million USD), including more than 7 trillion VND (307 million USD) for goods in the city’s market stabilization program.

This is the third year enterprises have taken part in the city’s market stabilization program.

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Consumers buy goods for the Tet (Lunar New Year) holiday at a supermarket in HCM City  

In the months before Tet, the department predicts that consumption of beer and other drinks will be around 41.1 million liters and 47.2 million liters, respectively.

Consumption of cakes, jams and candies is expected to be around 18,000 tons, and sales of pots of the traditional yellow ochna trees are expected to reach 600,000-700,000.

The city will ensure that sufficient number of vegetables, fruit and meat will be available at supermarkets.

The department has worked with enterprises and distributors to offer promotions in the months before Tet.

The city has also taken steps to control prices of essential goods to prevent price hikes in the months before and after Tet.

Source: VNA