By Joe Fotalattee
VNA is reporting major retailers are advertising steep discounts on necessary consumer goods in preparation for the Lunar New Year.
The Union of Trade Cooperatives of Ho Chi Minh City, in particular, continues to “pump” 12,000 Tet products and programs to the market to meet consumer shopping and consumption needs for the Lunar New Year of the Rabbit in 2023. Pork is the primary ingredient in Tet dishes like banh chung and banh tet, and retailers are slashing pork prices.
Saigon Co. Op is providing a 30% discount on ground pork products, pork bones, pig bones, pork ribs, and pork ribs.
A variety of food products will continue to be promoted through sales, according to Phan Van Dung, Deputy General Director of Vietnam Animal Products Industry Joint Stock Company (VISSAN). The price will remain stable to boost consumer demand.
The volume of goods expected to enter the market may rise by an average of 20 to 35 percent during the week leading up to the Lunar New Year in 2023.
The government and retailers have been working together to ensure no stock shortages and to curb inflation. The economic outlook for 2023 continues to remain positive.