The Ministry of Industry and Trade (MoIT) reported that the commoditymarket has returned to its normal status after the Lunar New YearFestival and festive season.
It said both price andconsumption of food and household commodities have fallen sharply whiledemand for raw materials has recovered.
Totalvalue of retail and services in March reached 211,301 billion VND, a0.64 percent decrease over the previous month, pushing the firstquarter’s total value to 636,161 billion USD, up 11.66 percent comparedto the same period last year.
An increase of over15 percent was seen in restaurants, hotels and services, while traderose just 10.74 percent and tourism only 3.96 percent.
MoIT has worked closely with relevant agencies and localities toimplement measures to balance demand and supply as well as stabilise themarket and curb inflation.
Accordingly, theministry has directed 44 localities, enterprises and corporations tostep up programmes to stockpile goods.
Besides,Departments of Industry and Trade in localities have focused on ensuringsupplies of goods to the market, promptly meeting public demand,encouraging distributors’ engagement in the programme “Vietnamese peopleprioritise Vietnamese goods”, contributing to bringing goods to rural,remote and border areas as well as islands.
According to the Department of Domestic Market under the MoIT, thedomestic economy will continue to face challenges including slowconsumption. At the same time, production will also see difficulties.Bright signals have yet to be seen in the property market, but prices ofessential products have increased slightly, the department said.
It also forecast that in the next days, important commodities such ascoal and electricity will continue to follow market price. Inparticular, demand for goods and services will surge in the comingLiberation and Labour Day holidays, which fall on April 30 and May 1.
However, due to stable prices of food and consumergoods, plus a steady exchange rate, the commodity market will experiencefewer fluctuations, the department added.-VNA
It said both price andconsumption of food and household commodities have fallen sharply whiledemand for raw materials has recovered.
Totalvalue of retail and services in March reached 211,301 billion VND, a0.64 percent decrease over the previous month, pushing the firstquarter’s total value to 636,161 billion USD, up 11.66 percent comparedto the same period last year.
An increase of over15 percent was seen in restaurants, hotels and services, while traderose just 10.74 percent and tourism only 3.96 percent.
MoIT has worked closely with relevant agencies and localities toimplement measures to balance demand and supply as well as stabilise themarket and curb inflation.
Accordingly, theministry has directed 44 localities, enterprises and corporations tostep up programmes to stockpile goods.
Besides,Departments of Industry and Trade in localities have focused on ensuringsupplies of goods to the market, promptly meeting public demand,encouraging distributors’ engagement in the programme “Vietnamese peopleprioritise Vietnamese goods”, contributing to bringing goods to rural,remote and border areas as well as islands.
According to the Department of Domestic Market under the MoIT, thedomestic economy will continue to face challenges including slowconsumption. At the same time, production will also see difficulties.Bright signals have yet to be seen in the property market, but prices ofessential products have increased slightly, the department said.
It also forecast that in the next days, important commodities such ascoal and electricity will continue to follow market price. Inparticular, demand for goods and services will surge in the comingLiberation and Labour Day holidays, which fall on April 30 and May 1.
However, due to stable prices of food and consumergoods, plus a steady exchange rate, the commodity market will experiencefewer fluctuations, the department added.-VNA
