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MoIT to ensure enough goods for Tet festival

Updated: 09:14, 24/10/2019
The Ministry of Industry and Trade (MoIT) will ensure the supply-demand balance of essential commodities for the Tet (Lunar New Year) of 2020 and implement a programme on keeping goods in stock for market stabilisation.

To stabilise the market and ensure supply in the last months of the year and the month before Tet festival in 2020, Tran Duy Dong, Director of the MoIT’s Department of Domestic Market, said the ministry will coordinate with ministries, sectors and localities in closely monitoring market situations and then send reports to the Prime Minister.

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The MoIT and the Ministry of Agriculture and Rural Development will ensure supply and demand of agricultural products, especially dealing with African swine fever and ensuring pork supply in the last months of the year and the period before Lunar New Year.

In addition, it will closely monitor changes in supply and demand of goods, prices and development of domestic market, especially essential commodities. At the same time, it will promote inspection and supervision of implementation of regulations on price registration, price declaration and price management.

Moreover, the ministries must enhance cooperation in managing prices of goods under the State management to contribute to macroeconomic stability and to gain the target in CPI growth rate this year. They will also implement domestic trade promotion programmes to boost consumption in the domestic market.

Of which, the MoIT will promote trade promotion activities in mountainous markets and support businesses to sell goods to rural areas, border areas and islands.

It will actively prevent smuggling, trade frauds, counterfeit goods, fake goods and poor quality goods from the domestic market to protect domestic production and the legitimate interests of consumers.

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Source: VNA

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