Vietnam Time

2/22/2018 8:35:58 AM

Ministry works to stabilize market following Tet

Prices of essential products in traditional markets returned to normal on the fourth and fifth days of the lunar year (February 19-20) after increases few days before the Tet holiday which lasted from February 14-20.

According to the Ministry of Finance, supermarkets and commercial centers attracted a large number of consumers during the festival thank to clear product origins, guaranteed food hygiene and stable prices.

Meanwhile, prices of catering and vehicle keeping services slightly increased in the first days of the year, the ministry said.

Photo: VNA 

During Tet, the purchasing power surged 12-15 percent as compared with normal days, and 10 percent against the same period last year, as a result of 2017’s noted economic growth and market stabilization policy.

The ministry said that demands for traveling, food and festival offerings are expected to rise following the holiday.

To stabilize the market in March and the second quarter of this year, the ministry has asked other 

ministries, agencies and localities to keep a close watch on developments of supply and demand, as well as prices, especially of essential products.

Besides, inspections on the observance of legal regulations on price, tax and fee, particularly of tourism services, while traffic laws will also be intensified./.

  ( VNF/VNA )
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