The Hanoi Department of Industry and Trade has directed its enterprises to increase supply by 10 percent over the year to satisfy the demand created by the 2017 Lunar New Year holiday
Hanoi (VNA) 💧– The Hanoi Department of Industry and Trade has directed its enterprises to increase supply by 10 percent over the year to satisfy the demand created by the 2017 Tet (Lunar New Year) holiday at the end of January, the year’s biggest shopping season.
The holiday’s economic impact is estimated at 23.5 trillion VND (1.1 billion USD), municipal authorities said at a meeting on November 15.
Tran Thi Phuong Lan, deputy director of the city’s Department of Industry and Trade, said demand for goods will increase during Tet, with an increase particularly in essentials like agricultural products, dried food, confections, dry nuts, wine, soft drinks, beer and other beverages.
Commercial centres, supermarkets and convenience stores are expected to reserve essential goods worth a total of 4.5 trillion VND.
Confectionary producers and beverage companies will produce and supply goods worth over 9 trillion VND.
Household businesses in local agricultural and confectionery trades will prepare and stock goods worth nearly 2.1 trillion VND.
Concerning the price stabilisation programme, Le Hong Thang, Director of the Hanoi Department of Industry and Trade said prices of essential goods will be inevitably volatile in the holiday but the municipal authority will prepare plans to keep prices stable.
Representative from the Hanoi Trade Corporation (Hapro), a major supermarket with many outlets in Hanoi, said Tet offers a business opportunity for the company, and it has prepared an abundant supply of goods and will organise over 60 sales points to serve the shopping needs of local people.
At the meeting, enterprises suggested local authorities allow vehicles transporting food items and fuel to move inner city 24/7 to facilitate efficiency.
The local trade department said it will closely supervise the supply and demand of goods and services and co-ordinate with other departments and agencies to tackle problems and difficulties for enterprises.
It said it will be willing to co-ordinate cargo traffic between producers and distributors to ensure well-timed traffic and supply. It has also directed enterprises and producers to actively prepare production and supply plans to ensure stable prices.-VNA
Hanoi authorities have directed its enterprises to seek and buy goods from other localities nationwide to ensure the full supply of goods for residents during the lunar New Year festival.
Wholesale markets and shops in HCM City offering a range of quality local products as the shopping season begins in earnest ahead of Tet, the Lunar New Year.
To boost sales at the peak shopping season for Tet (Lunar New Year), Vietnamese enterprises need to pay more attention to customer demand in each region.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative Image (Source: vietstock.com.vn)
