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Ho Chi Minh City
Monday, October 18, 2021

Spending on essential consumer goods in HCMC up 5-10%

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HCMC – Since late last year, the spending on essential consumer goods in HCMC has increased by 5-10% over the previous periods.

The hike in the spending on essential consumer goods was attributed to the higher demand for goods for the upcoming Lunar New Year holiday and retailers’ effective programs to stimulate consumption, news site Vietnamplus reported.

Enterprises and retailers in the city have increased the supply of goods to meet the demand from locals.

Specifically, Co.op Food, an arm of the Saigon Union of Trading Cooperatives (Saigon Co.op), has opened eight stores in HCMC, Long An, Danang and An Giang, which are offering a 20-50% discount for food products, vegetables, fruits, essential consumer goods and household appliances.

Ho Thi Hong Dao, deputy director of marketing at Saigon Co.op, said its model which matches modern consumption habits has helped Saigon Co.op develop quickly and powerfully in the past few years.

To promptly distribute essential goods and stabilize prices during the upcoming Lunar New Year holiday, Saigon Co.op is offering big discounts on more than 1,200 products.

Similarly, Central Retail Vietnam also launched a program to sell fresh pork without earning profits early this month.

Nguyen Thi Bich Van, director of communications at the group, said it had worked with suppliers to conduct the program to help stabilize the prices of pork.

With a motto to prioritize locally-made products, Central Retail has signed agreements to help consume the products of the “One Commune One Product” program with seven suppliers in Dong Nai Province.

Food processing firm VISSAN has planned to launch more than 7,500 tons of goods, including 2,300 tons of fresh pork and beef and 5,200 tons of processed products, up 5% and 10%, respectively, year-on-year.

VISSAN has committed to keeping the prices of products stable before and after the Tet holiday. In addition, it has reduced the prices of products by 5-10% at its outlets.

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