Recorded at many of the city’s folk markets. Hanoi shows that after Tet there is an abundance of food, but there is no shortage of goods, which drives prices up. The prices of some vegetables in the markets, while up compared to weekdays, have fallen compared to Tet days due to plentiful supply and unchanged demand.

In Diem Go Market, Long Bien, Hanoi, the price of vegetables such as chrysanthemums, collards, etc. has been more stable for many years due to the plentiful supply, the index of vegetables and tubers is about 20 times higher compared to before Tet. Locally, prices rose only on the days from the 1st to the 5th of the lunar new year, because there were not many sellers and people’s demand for vegetables and tubers increased.

NO SURPRISE PRICE UP

According to reports from multiple places, and through the price management department’s collection of market price information, the Ministry of Finance recognizes the abundance of commodities, various categories smoothly organized across the country, especially agricultural products, to meet people’s consumption demand during Tet. The price situation is under control and moving in line with the pre-Tet holiday price management scenario set by the Price Management Steering Committee to inform ministries, industries and administrative bodies about prices.

In particular, many supermarkets have also implemented plans to open early and close late during the peak shopping week, even some supermarkets and convenience stores such as AEON supermarket system, Circle K…open during Tet to ensure the uninterrupted supply of goods in the market no shortage of goods at high prices, drastically reducing the phenomenon of speculation and hoarding of goods during Tet in provinces and cities.

A representative from AEON Vietnam said that AEON plans to start preparing goods as early as mid-year, has promoted coordination with suppliers on goods sources and incentives across Tet, stabilized prices, and implemented many demand-stimulation programs. Usually 15-30% discount on fresh food, semi-processed or processed food, cosmetic products, home appliances, etc.

In the first days of the New Year, most markets and supermarkets open from the 3rd day of Tet to welcome customers again, and small shops also open at the beginning of the year.

So far, trade activities have returned to normal, consumption demand at the beginning of the year is not high, because most families have prepared enough before Tet, mainly focusing on some essentials such as fresh food, seafood, fresh vegetables and fruits. Food and gastronomy, tourism, entertainment, entertainment, passenger transport, spontaneous car parking around spiritual places have increased fluctuations, especially in the first days of the year, and in some cities there are many tourist attractions, temples …

SHOPPING DEMAND CARRIES CPI UP 0.52%

According to experts, people’s increased shopping demand, the increase in prices of goods and services in line with the Consumption Law on Tet holiday are the main reasons for the January consumer price index (CPI) rise.

The report of the General Statistics Office points out that the CPI increased by 0.52% in January compared to the previous month and rose to 4.89% in the same period in 2022. Core inflation rose 0.46% in January from the same period last month, previously rising 5.21% over the same period, higher than the average CPI.

Specifically, in the basket of goods calculated for CPI only, 8 groups of goods and services including beverages and tobacco increased by 1.12% due to consumer demand and use as gifts during Tet, resulting in an increase in alcohol prices of 1 .66% led ; Smoking increased by 0.71%; soft drinks rose 0.49%.

Next, the group of groceries and grocery services rose 0.82%, pushing the headline CPI up 0.27 percentage points. In which groceries are up 0.89%, bringing overall CPI up 0.03 percentage points, the price of rice is typically up 0.84%, other processed foods are also up, such as: vermicelli up 1 .19% up. Instant Noodles, Noodles, Pho, Instant Porridge increased by 1.03%; Instant Cereals up 0.72%…

The content of the article was published in Vietnam Economic Review No. 6-2023, issued on February 6, 2023. Welcome readers to read The:

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